Business of tourism impacts Cabell County
Did you know that the business of travel and tourism has a direct economic impact on Cabell County, and even your taxes?
For example, the West Virginia Department of Tourism, in partnership with Dean Runyon and Associates, released the following statistics for 2010.
Travel Spending in Cabell County = $133.2 million
Travel Generated Earnings = $33.9 million
Travel Generated Employment = 1,520 jobs
Local Tax Receipts = $1.626 million
State Tax Receipts = $9.1 million
Combined State and Local Receipts = $8,017,000
On average, tourists spent $165,678 / day on hotels and lodging
On average, tourists spent $66,728 / day in restaurants
On average, tourists spent $40,142 / day on shopping
Tax Relief per Capita = $85.37
Tax Relief per Household $230
In other words, each household in Cabell County would have to pay an additional $230/year in taxes if tourism spending went away.
Opportunity: Remember that Tourism = Economic Development!