Fostering Bilateral Trade and Investment Flows Between Brazil and Florida

Study: Visitors pump $6B into economy

September 20, 2017 4:05 PM | Anonymous

TAMPA, FL — A Visit Tampa Bay study found visitors pumped nearly $6 billion into Tampa Bay’s economy in 2016.

According to a press release, visitors helped support nearly 50,000 jobs. The agency’s tourism data showed a record 22.6 million people visited Tampa and Hillsborough County in 2016, including nearly 500,000 international visitors from Europe, Latin America and other areas. Visitors created a $5.9 billion economic impact in the region — $3.8 billion in direct spending (up 5.5% from 2015) and another $2.1 billion in induced spending or so-called “ripple effects.”

“Tourism is an economic engine that runs 24 hours a day,” says Visit Tampa Bay President and CEO Santiago Corrada in a statement. “This report shows clearly the sizable benefit our community receives from visitors, whether they come for leisure, meetings or business.”

The study — part of Visit Tampa Bay’s annual examination of tourism’s impact on the local economy — revealed that some 9 million overnight visitors came to Tampa Bay in 2016 staying on average 2.9 days. Domestic overnight visitors spent an average of $236 per day in the area (for a total of $2 billion). International visitors represented the smallest portion of overall visitors, but they spent the most — an average of $1,327 per person per trip (totaling $640.8 million).

Read more at Business Observer.



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