May 28, 2024

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Tennessee Tourism Announces Record $24 Billion in Domestic Travel Spending in 2021

Tennessee Tourism Announces Record $24 Billion in Domestic Travel Spending in 2021

WHY IT Costs: When planning your upcoming trip, stick to the craze and take into account a pay a visit to to Tennessee.—Donald Wooden, Breaking Information Senior Writer.

Tennessee tourism created $24.2 billion in domestic and international travel expending in 2021, according to a short while ago launched financial impact data from U.S. Journey Association and Tourism Economics. It also marks the biggest visitor paying nationally in Tennessee’s historical past. Vacationers in Tennessee invest an estimated $66 million per day. Journey in Tennessee created $1.9 billion in condition and local tax profits. Vacation and tourism is also the 3rd greatest employer in the point out.

Tennessee Governor Invoice Lee and Section of Tourist Improvement Commissioner Mark Ezell highlighted endeavours to proceed the industry’s powerful recovery.

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“Tourism drives financial improvement and career development so that each Tennessean can thrive,” mentioned Gov. Lee. “Our conclusion to prioritize sturdy recovery has yielded document ranges of tourism advancement, and we keep on to welcome guests to see all Tennessee has to present, from the Mississippi River to the Wonderful Smoky Mountains.”

“Tennessee is crushing it with the largest visitor investing nationwide industry share for Tennesseans in our background,” claimed Mark Ezell, Commissioner of the Tennessee Division of Tourist Advancement. “Tennessee is one of the major vacation destinations in the world because of our great assets which includes our unmatched scenic splendor, diverse metropolitan areas, and smaller towns, as perfectly as our world class points of interest, audio, cultural and historical websites. We’re so grateful to this market and our associates and blessed site visitors occur practical experience these locations and support local organizations, community dining establishments and community lodging and assist communities.”

Crucial Highlights from 2021 report:

—Tennessee tourism generated a history $24 billion in domestic travel paying out

—Travel and tourism is the third largest employer in TN in 2021

—Travelers in Tennessee commit an believed $66 million for each working day. Visitor investing in Tennessee elevated by 44.4{0b5b04b8d3ad800b67772b3dcc20e35ebfd293e6e83c1a657928cfb52b561f97}, yr over yr. Customer shelling out nationally amplified by 35.7{0b5b04b8d3ad800b67772b3dcc20e35ebfd293e6e83c1a657928cfb52b561f97}, yr in excess of year

—All 95 counties observed an raise in customer expending in excess of 2020

—51 counties entirely recovered and exceeded their 2019 customer investing record

—Nine counties seasoned far more than 40{0b5b04b8d3ad800b67772b3dcc20e35ebfd293e6e83c1a657928cfb52b561f97} development in 12 months-more than-calendar year travel spending, like Davidson, Cheatham, Sevier, Union, Polk, Grundy, Knox, Blount and Hamilton

—Five counties skilled a lot more than 40{0b5b04b8d3ad800b67772b3dcc20e35ebfd293e6e83c1a657928cfb52b561f97} growth more than 2019 vacation expending, which include: Cheatham, Union, Lake, Hickman and Meigs

—Travel in Tennessee created $1.9 billion in state and community tax income in 2021

—Travel-generated tax revenue produced by tourism saved every Tennessee domestic $755.41 in point out and area taxes final year

Leisure & Hospitality Marketplace Highlights (source: TN Dept. of Revenue & TN Office of Labor & Workforce Development)

—Leisure & hospitality industries supported 317,000 careers in 2021, an 8{0b5b04b8d3ad800b67772b3dcc20e35ebfd293e6e83c1a657928cfb52b561f97} maximize from 2020 and 91{0b5b04b8d3ad800b67772b3dcc20e35ebfd293e6e83c1a657928cfb52b561f97} of 2019 ranges

—Leisure & hospitality revenues have recovered to history stages and outpaced inflation

—Leisure & hospitality employment has returned to pre-pandemic degrees but nevertheless struggles to preserve up with journey need

—Average leisure & hospitality wages have surged as the market competes for a constrained quantity of workers. Leisure & hospitality wages increased to $17.71 in June 2020, compared to $14.14 in 2020.

Source: Tennessee Department of Vacationer Progress push launch.