What does this measure?
The economic impact of the travel and tourism industry on a geographic area, measured by total expenditures related to travel/tourism expenses.
Why is this important?
Tourism brings external money into a region's economy, fueling the development of jobs, new industry and attractions. The sense that a region is a tourist destination also increases regional pride.
How is our county doing?
In 2014, over $863 million was spent on travel and tourism in Essex County, good for $1,120 per county resident. This was a 3% increase from 2013 and a 9% increase for the county since 2006, both higher than statewide increases over the same timeframes. Essex County comprised about 5% of the $16.8 billion spent statewide.
How do we compare to similar counties?
Essex County had a lower expenditure rate in 2014 than Middlesex County, MA. Middlesex received $2.5 billion in travel and tourism spending in 2014 or nearly $1,600 per resident. This amounted to 15% of the statewide spending - reflecting an 8% increase since 2006.
Notes about the data
Figures presented are in 2015 dollars. Total expenditures include spending by domestic and international travelers in the region on transportation, lodging, meals, entertainment, recreation and other tourism-related expenses. Comparable data was not available for Lake, IL and Westchester, NY.