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NEWS
US attraction industry growing at twice the rate of the economy
POSTED 11 Jul 2013 . BY Tom Anstey
New research conducted by Tourism Economics shows that the attraction industry in the US has grown nearly twice the rate of the rest of the economy between 2004-2011.

According to research conducted by Oxford Economics for the International Association of Amusement Parks and Attractions (IAAPA), in 2011 alone the US attractions industry generated a total economic impact of almost US$219bn (£146bn, €170bn) - a huge increase compared to 2004 when it had an impact of US$146m (98bn, €114bn) over the year.

Theme and water parks had the largest economic impact, generating US$122bn (£81bn, €93.5bn) in total economic activity, while museums and family entertainment centres generated US$37bn (£34.5bn, €28.3bn) and US$32bn (£21.2bn, €24.5bn) respectively.

Florida benefited the most from tourism, with its total economic impact at US$47.7bn (£31.6bn, €36.5bn) for 2011, creating almost 500,000 jobs in the process.

California benefits second most from its economic impact coming in at US$38.2m (£25.3m, €29.2m) while New York finished in the third spot at US$10.2bn (£6.7bn, €7.8bn).

In addition to the economic impacts, the attractions industry also generated significant fiscal (tax) impacts at all levels. In 2011, the industry generated more than US$22bn (£14.5bn, €16.8bn) in federal taxes and nearly US$19bn (£12.5bn, €14.5bn) in state and local taxes. Theme and water parks generated more than US$12bn (£7.9bn, €9.2bn) in federal taxes and nearly US$11bn (£7.2bn, €8.4bn) in state and local taxes.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
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Get Attractions Management digital magazine FREE
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Jobs    News   Products   Magazine   Subscribe
NEWS
US attraction industry growing at twice the rate of the economy
POSTED 11 Jul 2013 . BY Tom Anstey
New research conducted by Tourism Economics shows that the attraction industry in the US has grown nearly twice the rate of the rest of the economy between 2004-2011.

According to research conducted by Oxford Economics for the International Association of Amusement Parks and Attractions (IAAPA), in 2011 alone the US attractions industry generated a total economic impact of almost US$219bn (£146bn, €170bn) - a huge increase compared to 2004 when it had an impact of US$146m (98bn, €114bn) over the year.

Theme and water parks had the largest economic impact, generating US$122bn (£81bn, €93.5bn) in total economic activity, while museums and family entertainment centres generated US$37bn (£34.5bn, €28.3bn) and US$32bn (£21.2bn, €24.5bn) respectively.

Florida benefited the most from tourism, with its total economic impact at US$47.7bn (£31.6bn, €36.5bn) for 2011, creating almost 500,000 jobs in the process.

California benefits second most from its economic impact coming in at US$38.2m (£25.3m, €29.2m) while New York finished in the third spot at US$10.2bn (£6.7bn, €7.8bn).

In addition to the economic impacts, the attractions industry also generated significant fiscal (tax) impacts at all levels. In 2011, the industry generated more than US$22bn (£14.5bn, €16.8bn) in federal taxes and nearly US$19bn (£12.5bn, €14.5bn) in state and local taxes. Theme and water parks generated more than US$12bn (£7.9bn, €9.2bn) in federal taxes and nearly US$11bn (£7.2bn, €8.4bn) in state and local taxes.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


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Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
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