Tourism matters

Page 1

T O U R I S M IS GROWING

Tourism is big business in Buffalo and Erie County and it’s getting bigger with each passing year. Hundreds of millions of dollars have been invested in new tourism assets and attractions in the last ten years, in projects as diverse as Canalside, the Richardson Olmsted Complex, the Buffalo Zoo, HarborCenter, the Curtiss Hotel, Riverworks and the Martin House Complex. More than a dozen new hotel projects – large and small, city and suburban – have just opened their doors or are in various stages of planning and construction. Our region’s tourism industry employs more people, supports more families and generates more tax dollars than ever before.

CREATES JOBS

Tourism is the fourth largest employer in New York State (based on direct employment), with 747,948 jobs. In Erie County, 29,888 people are directly employed in tourism, behind finance and insurance and ahead of manufacturing.

29,888 JOBS

in Erie County (6.5% of the total workforce)

SUSTAINS LOCAL BUSINESSES

GENERATES TAX REVENUE

VISIT BUFFALO NIAGARA WORKS TO GROW VISITOR SPENDING By bringing conventions, amateur athletic events and group tours to Western New York, Visit Buffalo Niagara generated

$1.6 billion industry, spent across a diverse range of sectors

$298

MILLION IN LODGING

$ 575

MILLION

IN FOOD & BEVERAGE

$229

MILLION

IN TRANSPORTATION

$162

MILLION

IN RECREATION

$355

MILLION

IN RETAIL & SERVICE

$ 16

MILLION

IN SECOND HOMES

more than $147 million

$ 201,000,642

Tourism in Erie County is a more than

in economic impact in 2015.

was generated in sales taxes paid by visitors in 2014, reducing the tax burden on every household in Erie County by over $500.

530

$

IN ANNUAL TAX RELIEF PER HOUSEHOLD

Households are defined as all persons who occupy a housing unit as their usual place of residence. According to the US Census 2010-2014, there were 381,783 households in Erie County. http://quickfacts.census.gov/qfd/states/36/36029.html

Economic impact and spending numbers sourced from Economic Impact of Tourism in New York, 2014 Calendar Year, Greater Niagara Focus

FOR EVERY $1 INVESTED, VISIT BUFFALO NIAGARA RETURNED $34 TO THE COMMUNITY.

34

$

1

TO $

...and, a greater investment equals a greater return.

RHEA ANNA


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