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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
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
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.
+ More news   

COMPANY PROFILES
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
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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
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
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.
+ More news   
 
COMPANY PROFILES
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
 


ADVERTISE . CONTACT US

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
FREE DIGITAL SUBSCRIPTIONS