A Strategic Approach to Integrating Tourism Into Economic Development
June 14, 2024
Tourism is an often-underutilized driver of economic growth, capable of transforming communities by creating jobs, fostering local businesses, and enhancing the overall quality of life. Economic developers and tourism professionals must work together to create a cohesive strategy that leverages the community’s tourism potential. Here’s how you can integrate tourism into your economic development strategy effectively.
The Economic Impact of Tourism
Tourism significantly impacts the economy. In the United States, tourism generates approximately $1.9 trillion in economic output, supports 9.5 million American jobs, and accounts for 2.9% of the US GDP. Even small states benefit immensely; for example, Delaware sees 13,800 jobs created by tourism. On the other hand, in Florida, the jobs created exceeds one million.