Transcript Cover and Agenda Slides - Blackstone Valley Tourism Council

How Important is Tourism to Rhode
Island?
2006 Tourism Satellite Account
Kenneth McGill
Executive Managing Director
Travel & Tourism Consulting
[email protected]
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Provides a broad range of consulting capabilities covering:
•
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 Business Planning
 Risk Assessment
 Policy Evaluation
 Economic Impact
the travel & tourism sector
2
Tourism Satellite Accounting
• The Tourism Satellite Account is the international
(UN/WTO, OECD) standard for measuring the
contribution of tourism to an economy
• Measuring the industry “tourism” is difficult:
 tourism is not measured in standard economic accounting terms.
 Most industries are accounted via the supply-side: firms are
categorized into NAICS codes and asked about jobs, revenues,
costs.
 But tourism is a demand-side activity:
the focus is on what the traveler buys before and during a trip( hotel,
food, transpo, retail…).
 As a result, tourism touches many industries
• 4Cs: Credibility, Comprehensiveness, Comparability,
Consistency
Copyright © 2007 Global Insight, Inc.
3
Benefits of a TSA
 Which are our best economic development targets? Allows
policy-makers to compare the size & growth of tourism to other industrial
sectors.
 What is the ROI of public tourism investment? Enables analysts to
assess long-term health of the tourism sector vis-a-vis capital investment
and govt. support.
 How can we benchmark ourselves against our destination
competition? Provides an accepted international standard for
benchmarking.
 How can we communicate the full value of tourism to policy
makers, businesses, and citizens? Quantifies the value of visitors to
Rhode Island.
Copyright © 2007 Global Insight, Inc
Inc.
4
TSA: Key Terms and Definitions
•
•
Visitor: Over 50 miles, non-commuting or overnight stays
Resident Tourism: Only outbound purchases made in advance of a trip are
included. No resident usage of RI tourism assets.
•
Tourism Spending: A TSA concept, includes all spending by all constituents
on travel made in the jurisdiction (RI)
Visitor Spending: Spending in the jurisdiction by visitors (accommodations,
food & beverage, shopping, transportation, entertainment, other)
Total Economic Impact: Gross Domestic Product “GDP”
definition…spending less value of supply chain purchases made elsewhere.
The amount truly retained in jurisdiction.
Import Leakages: The value of supply chain purchases made outside of the
jurisdiction.
•
•
•
•
•
•
Direct Spending/Jobs/Wages/Taxes: Industries that “touch” the visitor (e.g.
hotels, restaurants, museums,…)
Indirect Spending/Jobs/Wages/Taxes: Industries that supply those that
touch the visitor
Induced Spending/Jobs/Wages/Taxes: Workers of industries that touch or
supply will spend wages locally
Copyright © 2007 Global Insight, Inc.
5
T&T Industry and Economy
Travel & Tourism Industry
The direct effect of travel demand
Travel & Tourism Economy
The flow-through effect of travel
demand across the economy
The TSA provides both a narrow & a broad understanding of the Tourism “Industry”
Copyright © 2007 Global Insight, Inc.
6
2006 Rhode Island
Tourism Results
Copyright © 2007 Global Insight, Inc.
7
Rhode Island Tourism Economic Impact - Definitions
Impact Sources
Approach
• TSA: Results (spending, economic impact, jobs,…) conform strictly
to the TSA definition (e.g. 50mile+overnight visitor definition).
• TSA + Under 50 Mile: TSA results, plus those trips coming from
visitors traveling less than the 50 mile threshold. This classification
is both historically consistent with previous Rhode Island studies
and arguably more applicable to Rhode Island’s needs.
• Total Impact: Total economic contribution of tourism to Rhode
Island. Sum of core and non-core tourism.
• Core Impact: Economic contribution from industries directly
providing goods and services to the visitor.
• Non-core Impact: Economic contribution from industries providing
goods and services to core tourism providers. Also includes tourism
investment.
Copyright © 2007 Global Insight, Inc.
8
Rhode Island Tourism: Did You Know?
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Total tourism expenditures* reached $5.4B in 2006
In ’06, visitation grew by 2% and expenditures by 1%
Avg. spend-per-visitor grew to $308 in ‘06
1 of every 10 Rhode Islanders owes his/her job to tourism
Rhode Island keeps 61¢ of every dollar spent by visitors
Tourism is responsible for 5% of total RI Gross State Product
Tourism generated 11% of all state & local tax revenue in ’06
Tourism’s tax contribution reached $1,140 per RI Household
Tourism is the 4th largest industry in RI (based upon jobs)
Avg. Annual Tourism Wages reached $28,900 in ’06
Every 249 visitor/travelers creates a new job in RI
Appx. 40% of RI restaurant revenue can be attributed to visitors
Copyright © 2007 Global Insight, Inc.
9
State Overview: 2006 Totals At A Glance
TSA*
TSA* + Under
50 Mile Visitors
Difference
Visits
7.96 M
17.46 M
9.50 M
Expenditure
$3.69 B
$5.38 B
$1.69 B
Economic Impact (GSP)
$2.26 B
$3.20 B
$940 M
Jobs**
47,854
70,079
22,225
Wages
$1.38 B
$2.04 B
$660 M
Taxes
$860 M
$1,327 M
$467 M
Tourism Concept
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
Copyright © 2007 Global Insight, Inc.
10
State Overview: Tourism and Under 50Mile Trips
Measurement
Tourism (TSA*) + Under
50Mile Visitor Spending
FY2006
FY2005
Definition
$5.38 B $5.34 B • Spending from all tourism factors
 Tourism (TSA*)
$3.69 B $3.67 B • TSA Definition of State Tourism
 Under 50Mile Visitors
$1.69 B $1.67 B utilize RI tourism assets
Tourism + Under 50Mile
Visitors Core Employment**
 Core Tourism (TSA)
Employment**
• Trips from less than 50 miles that
• Core TSA + Under 50 mile tourism
employment is 2nd largest industry
in Rhode Island
58,900
58,921
38,956
39,201 “Industry”
• TSA Definition of Tourism
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
These employment figures should not be confused with RI DLT Leisure & Hospitality Employment data.
Copyright © 2007 Global Insight, Inc.
11
Industry Structure: Definitions
$5.38 billion
$3.69 billion
$2.26 billion
$1.71 billion
Copyright © 2007 Global Insight, Inc.
$1.43 billion
$547 million
Source: Global Insight
12
Total Tourism (TSA*) Expenditures
• RI visitation grew 2.1% in ‘06
• Leisure travel increased by 4.2% in ’06**
• Spending per visit declined by 0.7% in ‘06 • Business travel decreased by 6.0% in ’06**
Tourism expenditures tallied
$3.69 billion in 2006
$4,000
Core Tourism
$3,500
$3,000
-0.4%
0.6%
Total Impact
Tourism
Expenditures
$ Million
$2,500
$2,000
$1,500
$1,000
$500
$0
Source: Global Insight
2004
2005
2006
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Visitors from over 50 miles or overnight only, provided by DK Shifflet & Associates, Ltd. Business travel results were estimated by GII.
Copyright © 2007 Global Insight, Inc.
13
Visitors to Rhode Island*
Total visitors grew 2.1% in 2006 with a
leisure visitors growing at twice that rate.
(Million Visitors)
10
Business
Leisure
Total
8
6
4
2
0
2004
2005
2006
* Visitors from over 50 miles or overnight only, provided by DK Shifflet & Associates, Ltd. Business travel results were estimated by GII.
Copyright © 2007 Global Insight, Inc.
14
Tourism Shows Growth in ‘06
Measurement
Tourism (TSA*) + Under 50Mile
Visitor Expenditures
FY2005
(billions)
FY2006
(billions)
2005-06
growth
$5.337
$5.385
0.9%
$3.668
$3.692
0.6%
$2.223
$2.257
1.5%
Core** Tourism (direct)
$1.677
$1.709
1.9%
Non-Core Tourism
$0.546
$0.547
0.2%
$1.445
$1.435
-0.7%
Tourism (TSA*) Expenditures
Total Economic Impact
Import Leakage
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
Copyright © 2007 Global Insight, Inc.
15
RI Tourism (TSA* Based) continues to grow…
Measurement
FY2006 FY2005
%
Economic Value ($B)
 Core** Tourism
 Total Impact
$1.71
$2.26
$1.68
$2.22
$1,031
$1,381
$1,008
$1,357
• Solid growth strengthened by
1.9% leisure travel
1.5%
Wages & Salaries
 Core** Tourism ($M)
 Total Impact ($M)
• Average annual salary saw 3.0%
2.3% and 2.3% growth respectively
1.8%
Employment*** (‘000)
 Core** Tourism
 Total Impact
Taxes –Total Impact
($M)
38.96
47.85
$856
39.20
48.03
$865
Perspective
-0.6%
-0.4%
-0.6%
• Core tourism is 4th largest industry
in RI
• If tourism didn’t exist, each
household would pay an additional
$1,140 in taxes to maintain current
tax receipts.
Numbers may differ due to rounding
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
*** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
These employment
figures
should
Copyright
© 2007 Global
Insight,
Inc.not be confused with RI DLT Leisure & Hospitality Employment data.
16
Total Impact of Tourism
• In 2006, the total economic impact of travel & tourism (TSA* direct and indirect)
was $2.26 billion. This represents 5.5% of RI Gross State Product
• The ratio of the total impact to total expenditures reveals that 61% of each
tourism dollar spent in Rhode Island is retained in the state. The remainder
represents import leakages.
•
70,079 jobs – direct and indirect – were created by the entire tourism TSA + Under
50mile visitors. This accounts for 14.2% of total employment in the state.
•
47,854 jobs – direct and indirect – were created by travel & tourism (TSA)
economic activity. This accounts for 9.7% of total employment in the state
• Approximately $1.38 billion in wages & salaries were generated by TSA travel &
tourism in 2006.
• Tourism (TSA) generated $860 million in federal, state, and local government
taxes in 2006, a 0.6% decrease from 2005.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
17
Sources of Tourism Expenditures
•
Visitor Spending – Expenditures by visitors who have come from greater
than 50 miles or stayed overnight
•
Business Travel – Businesses’ spending within the state economy on travel
•
Resident Outbound – Resident spending preparing for an out-of-state trip
•
Government Spending – Tourism Office Budgets, transportation functions
related to tourism, publicly funded attractions and funding for security in tourismintensive areas
•
Investment – Construction of hotels, attractions, tourism infrastructure,
operating and transportation equipment
•
International – Spending of international visitors within the state
•
Under 50Mile Visitors – Spending by residents or non-residents who have
come from under 50 miles. No commuters or local utilization. These trips are not
included in TSA definition.
Copyright © 2007 Global Insight, Inc.
18
Category Distribution of Expenditures
Food accounts for the largest share of tourism expenditure for both definitions of
expenditures. Combined with accommodation and transportation, these
components represent 64% of TSA* related visitor expenditures in Rhode Island.
TSA* +
<50Mile
Million $
TSA*
Million $
2005-2006
Growth
(TSA*)
1,213
751
2.3%
Accommodation
655
655
2.1%
Transportation
670
651
0.6%
1,584
758
2.3%
914
528
- 5.1%
$5,037
$3,342
0.7%
Entertainment**
Food
Shopping
Total ***
TSA + <50Mile Shares
Shopping
18%
Food
32%
Entertain
ment
24%
Accommo
dation
13%
Transport
ation
13%
*** Direct and Indirect Tourism Expenditures (w/o construction & investment)
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting.
** Entertainment category includes all marina and boating activity
Copyright © 2007 Global Insight, Inc.
19
Category Distribution of TSA* Expenditures
Business spending made up just under 26% of total expenditures in 2006,
compared to just under 20% of total visitation. Business expenditures were up
1.1% in 2006, reflecting lower concentrations in Shopping and higher
concentrations in Food.
2006 Totals
TSA*
(Million $)
Leisure
(Million $)
Business
(Million $)
Entertainment**
751
581
170
Accommodation
655
493
162
Transportation
651
527
125
Food
758
421
337
Shopping
528
435
93
$3,342
$2,456
$887
Total ***
*** Direct and Indirect Tourism Expenditures (w/o construction & investment)
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Entertainment category includes all marina and boating activity
Copyright © 2007 Global Insight, Inc.
20
Core** TSA* Tourism
•
Answers the question “How does tourism
compare with other industries?”
•
Core Tourism measures the size of the industry
directly providing goods & services to the visitor.
•
Indirect effects are excluded – these are part of
other supplier industries such as wholesalers.
The impact of capital investment is also excluded.
•
Core Tourism generated $1.7 billion in economic
value in 2006.
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
Copyright © 2007 Global Insight, Inc.
21
Core** TSA* Tourism Impact – Composition
The TSA model measures how spending of visitors touches
diverse sectors to create the aggregate Core Tourism for Rhode Island.
Composition of Core Tourism
Rank Industry
$ Value
(Millions)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Other amusement- gambling- and recreation industries
Food services and drinking places
Real estate
Hotels and motels- including casino hotels
Automotive equipment rental and leasing
Travel arrangement and reservation services
Food and beverage stores
Clothing and clothing accessories stores
Air transportation
Spectator sports
Performing arts companies
Miscellaneous store retailers
Transit and ground passenger transportation
Gasoline stations
Scenic and sightseeing transportation and support
Other Industries
Total
’05-’06
Growth
% of
Total
425
371
258
189
149
107
39
30
27
25
18
15
13
13
12
20
3.7%
2.3%
0.0%
5.0%
0.0%
1.9%
-5.1%
-5.1%
0.3%
0.6%
1.2%
-5.1%
15.5%
-2.7%
11.6%
-3.3%
24.8%
21.7%
15.1%
11.1%
8.7%
6.2%
2.3%
1.7%
1.6%
1.5%
1.0%
0.9%
0.8%
0.8%
0.7%
1.2%
1,709
1.9%
100.0%
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** ©
Core
Tourism
the economic contribution from industries directly providing goods and services to the visitor.
Copyright
2007
Global includes
Insight, Inc.
22
Core** TSA* Tourism – Employment*
• Core Tourism is the 4th largest private sector
employer in Rhode Island with 38,956 direct fulltime equivalency jobs in 2006.
• Core Tourism generated 7.9% of non-farm state
employment in 2006.
• Core Tourism jobs provided $1,031 million in
wages & salaries in 2006.
• Core Tourism’s average annual wage has grown to
$26,468/year.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
*** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
These employment figures should not be confused with RI DLT Leisure & Hospitality Employment data.
Copyright © 2007 Global Insight, Inc.
23
Core** TSA* Tourism Impact – Employment*** In Rhode Island Is Composed of
Many Industries
Rank
Industry
Reported
Employment
(Thousands)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Health Care and Social Assistance
Retail Trade
Accommodation and Food Services
Professional, Scientific, and Tech. Services
Administrative and Waste Services
Wholesale Trade
Finance and Insurance
Manufacturing, Nondurables
Core Tourism
Construction
represented
Other Services
38,956 jobs in
Transportation and Warehousing
2006.
Manufacturing, Durables
Information
Educational Services
Management of Companies and Enterprises
Other Industries
State & Local Government
Total Nonfarm
Travel & Tourism
2005-2006
Growth
% of
State
TourismExtracted
Employment
(Thousands)
74.05
52.43
43.06
35.54
29.42
26.25
23.07
22.52
22.30
21.34
17.82
16.36
10.38
9.64
9.10
15.5
64.8
1.5%
-0.1%
0.5%
-1.9%
6.4%
2.3%
5.1%
-3.0%
-0.1%
2.1%
-5.8%
-2.0%
-2.8%
-0.9%
4.3%
-1.4%
-0.3%
15.0%
10.6%
8.7%
7.2%
6.0%
5.3%
4.7%
4.6%
4.5%
4.3%
3.6%
3.3%
2.1%
2.0%
1.8%
3.1%
13.1%
74.05
49.42
24.61
35.54
27.22
26.25
23.07
22.52
22.30
21.34
16.82
16.36
10.38
9.64
9.10
1.22
64.8
493.6
0.4%
100.%
493.6
39.0
- 0.6%
7.9%
39.0
Source: Bureau of Labor Statistics and Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
*** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
Copyright These
© 2007employment
Global Insight,
Inc. should not be confused with RI DLT Leisure & Hospitality Employment data.
figures
24
Number of Jobs
Thousands
Total Rhode Island TSA* Tourism Employment*** Down 0.4% in 2006
60
Core** Tourism jobs comprise 81% of
total tourism-generated employment.
1.4%
-0.4%
50
40
Total
Impact
30
Core
Tourism
20
10
0
2004
2005
2006
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
*** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
These employment figures should not be confused with RI DLT Leisure & Hospitality Employment data.
Copyright © 2007 Global Insight, Inc.
25
Non-Core TSA* Tourism – Indirect Benefits
Many industries not thought of as “tourism” but that supply
goods and services to the industry are beneficiaries of RI tourism.
Indirect Benefits of Tourism
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Industry
$ Value
’05-’06
(Millions)
Growth
% of
Total
Real estate
Wholesale trade
Nondepository credit intermediation and related firms
Power generation and supply
Monetary authorities and depository credit intermediaries
Telecommunications
Legal services
Maintenance and repair of nonresidential buildings
Architectural and engineering services
Management of companies and enterprises
Food services and drinking places
Other State and local government enterprises
Postal service
Employment services
Accounting and bookkeeping services
Other Industries
Investment
73
21
19
17
15
13
12
11
10
10
8
8
7
6
6
154
349
0.7%
0.0%
1.8%
1.2%
0.8%
0.3%
1.7%
0.4%
0.8%
1.9%
1.8%
1.6%
1.0%
1.1%
2.2%
1.1%
0.2%
9.9%
2.8%
2.6%
2.3%
2.0%
1.8%
1.6%
1.5%
1.3%
1.3%
1.1%
1.1%
1.0%
0.9%
0.8%
20.9%
47.2%
Total
739
0.6%
100.0%
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
26
TSA* Tourism Generated $861M in Total Tax Revenue in 2006
• Tourism activity generated $462 million in state and local
government revenue in 2006, a 0.6% decrease over 2005.
• In 2006, $314 million in state tax revenue was generated by the
travel & tourism sector in Rhode Island. Indirect business tax
(sales tax) and the gaming taxes are the two largest
contributors.
• Tourism contributes disproportionately to state & local tax
revenue. While Core Tourism is responsible for 4.2% of RI GSP,
it contributed 10.9% of state government revenue in 2006.
• If tourism didn’t exist, each RI household would pay $1,140
more in taxes to maintain the current level of state and local tax
receipts.
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
27
State and Local Government Revenue
Tax Revenues from TSA* Tourism
2006 (Million)
’05-’06 Growth
Federal Government
Corporate Profits Tax
Personal Income
Social Security & Other Taxes
Federal Total
State Government
Corporate Profits Tax
Personal Income
Sales
Licenses & Fees
Gaming Tax
Other Taxes
State Share of Occupancy Tax
State Total
Local Government
Local Share of Occupancy Taxes
Property Taxes
Local Total
Total
85.5
122.8
189.7
-1.2%
-0.5%
-0.4%
398.1
-0.6%
7.6
39.0
98.3
10.2
103.9
45.4
9.6
-1.0%
-0.5%
-1.4%
-0.6%
0.7%
-1.0%
3.9%
314.0
-0.4%
5.7
142.0
147.7
3.9%
-1.4%
-1.2%
859.8
-0.6%
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
28
How Important?
Gross State Product:
$3.20 billion
7.8% of GSP
Total Employment***:
Total Tourismrelated
spending of
$5.38 billion
70,079 jobs
14.2% of Employment
Gross State Product:
Total Employment:
$2.26 billion
5.5% of GSP
47,854 jobs
9.7% of Employment
Core GSP:
$1.71 billion
4.1% of GSP
Core Employment:
38,965 jobs
7.9% of Employment
4th largest private sector employer
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
*** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
Copyright
© 2007 Global
These
employment
figuresInsight,
shouldInc.
not be confused with RI DLT Leisure & Hospitality Employment data.
29
2006 Rhode Island Tourism
Regional Analysis
Copyright © 2007 Global Insight, Inc.
30
Regional Distribution of Tourism
Rhode Island is divided into eight regions in the analysis:
 Blackstone Valley
•
•
•
•
•
•
•
•
•
Burrillville
Central Falls
Cumberland
Glocester
Lincoln
North Smithfield
Pawtucket
Smithfield
Woonsocket
 Providence
•
Providence
 Warwick
•
Warwick
 Block Island
•
Block Island
 Balance of State
•
•
•
•
•
•
Cranston
Foster
Johnston
North Providence
Scituate
West Warwick
Copyright © 2007 Global Insight, Inc.
 Newport County
•
•
•
•
•
•
Little Compton
Middletown
Newport
Portsmouth
Tiverton
Jamestown
 South County
•
•
•
•
•
•
•
•
•
•
•
Charlestown
Coventry
East Greenwich
Exeter
Hopkinton
Narragansett
North Kingstown
Richmond
South Kingstown
Westerly
West Greenwich
 East Bay
•
•
•
•
Barrington
Bristol
East Providence
Warren
31
Regional TSA* + Under 50Mile Expenditures
Regional Share of State Expenditures by Category ($M)
Balance of State
Blackstone Valley
Block Island
East Bay
Newport
Providence
South County
Warwick
Total
Accomodations
Entertainment
Food
Retail
Transportation
Total
13.10
16.37
86.49
6.55
194.31
108.03
172.79
57.14
45.66
396.82
59.56
39.07
200.31
319.74
88.45
63.79
214.57
245.77
22.18
114.51
218.62
326.12
253.46
188.86
76.95
57.71
50.57
47.34
87.71
355.89
155.32
82.77
70.94
65.13
17.81
40.76
34.85
212.69
38.87
188.49
421.22
781.80
236.62
248.23
735.81
1,322.47
708.89
581.05
654.78
1,213.41
1,584.08
914.26
669.54
5,036.08
Entertainment data includes gaming, spectator sports
boating and marina activity and other categories.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
32
Regional TSA* Tourism Expenditures
Regional Share of State Expenditures by Category ($M)
Balance of State
Blackstone Valley
Block Island
East Bay
Newport
Providence
South County
Warwick
Total
Accomodations
Entertainment
Food
Retail
Transportation
Total
13.10
16.37
86.49
6.55
194.31
108.03
172.79
57.14
31.57
169.62
52.60
35.99
124.49
221.06
78.10
37.14
96.06
109.92
21.98
56.86
105.15
170.57
111.44
86.14
42.25
31.69
29.57
32.74
48.18
195.40
90.83
57.46
71.63
65.77
14.33
36.46
26.15
214.75
31.25
190.84
254.60
393.36
204.97
168.60
498.28
909.80
484.42
428.72
654.78
750.57
758.12
528.12
651.17
3,342.76
Accomodation data includes seasonal second home
rentals, which creates significant differences in share
from state room tax data. As the TSA definition of
tourism includes any overnight stay, accomodations
results are the same for TSA and TSA + Under 50Mile.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
33
Regional Share of Statewide TSA* + Under 50Mile Expenditures
Regional Share of State Expenditures by Category
Providence
Blackstone Valley
Newport
South County
Warwick
Balance of State
East Bay
Block Island
Total
Accommodation
Entertainment
16.5%
2.5%
29.7%
26.4%
8.7%
2.0%
1.0%
13.2%
26.4%
32.7%
16.5%
7.3%
5.3%
3.8%
3.2%
4.9%
100.0%
100.0%
Food
Shopping
Transportation
Total
20.6%
15.5%
13.8%
16.0%
11.9%
13.5%
7.2%
1.4%
38.9%
6.3%
9.6%
17.0%
9.1%
8.4%
5.2%
5.5%
31.8%
9.7%
5.2%
5.8%
28.2%
10.6%
6.1%
2.7%
26.3%
15.5%
14.6%
14.1%
11.5%
8.4%
4.9%
4.7%
100.0%
100.0%
100.0%
100.0%
Entertainment data includes gaming, spectator sports
boating and marina activity and other categories.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
34
Regional Share of Statewide TSA* + Under 50Mile Expenditures
Expenditure Category Share of Regional Tourism Spending
Providence
Blackstone Valley
Newport
South County
Warwick
Balance of State
East Bay
Block Island
Total
Accommodation
Entertainment
8.2%
2.1%
26.4%
24.4%
9.8%
3.1%
2.6%
36.6%
24.2%
50.8%
27.2%
12.5%
11.0%
10.8%
15.7%
25.2%
13.0%
24.1%
Food
Shopping
Transportation
Total
24.7%
31.4%
29.7%
35.8%
32.5%
50.9%
46.1%
9.4%
26.9%
7.4%
11.9%
21.9%
14.2%
18.3%
19.1%
21.4%
16.1%
8.3%
4.7%
5.5%
32.4%
16.8%
16.4%
7.5%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
31.5%
18.2%
13.3%
100.0%
Warwick’s Transportation share is very high as TF
Green Airport revenue is counted here.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
35
Regional Share of Statewide TSA* Tourism
Regional Share of State Expenditures by Category
Accommodation
Entertainment
Food
Shopping
Transportation
Total
Providence
Newport
South County
Warwick
Blackstone Valley
Balance of State
Block Island
East Bay
16.5%
29.7%
26.4%
8.7%
2.5%
2.0%
13.2%
1.0%
29.5%
16.6%
10.4%
4.9%
22.6%
4.2%
7.0%
4.8%
22.5%
13.9%
14.7%
11.4%
14.5%
12.7%
2.9%
7.5%
37.0%
9.1%
17.2%
10.9%
6.0%
8.0%
5.6%
6.2%
33.0%
4.0%
4.8%
29.3%
10.1%
11.0%
2.2%
5.6%
27.2%
14.9%
14.5%
12.8%
11.8%
7.6%
6.1%
5.0%
Total
100%
100%
100%
100%
100%
100%
Accomodation data includes seasonal second home
rentals, which creates significant differences in share
from state room tax data. As the TSA definition of
tourism includes any overnight stay, accomodations
results are the same for TSA and TSA + Under 50Mile.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
36
Regional Share of Statewide TSA* Tourism
Expenditure Category Share of Regional Tourism Spending
Providence
Newport
South County
Warwick
Blackstone Valley
Balance of State
Block Island
East Bay
Total
Accommodation
Entertainment
11.9%
39.0%
35.7%
13.3%
4.2%
5.1%
42.2%
3.9%
24.3%
25.0%
16.1%
8.7%
43.1%
12.4%
25.7%
21.3%
19.6%
22.5%
Food
Shopping
Transportation
Total
18.7%
21.1%
23.0%
20.1%
27.9%
37.7%
10.7%
33.7%
21.5%
9.7%
18.8%
13.4%
8.1%
16.6%
14.4%
19.4%
23.6%
5.2%
6.5%
44.5%
16.7%
28.1%
7.0%
21.6%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
22.7%
15.8%
19.5%
100.0%
Warwick’s Transportation share is very high as TF
Green Airport revenue is counted here.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
37
TSA* + Under 50Mile Growth Rates by Region for 2006
Regional Growth Rates by Category 2006 vs 2005
Accomodation
Balance of State
Blackstone Valley
Block Island
East Bay
Newport
Providence
South County
Warwick
Grand Total
Entertainment
Food
Retail
Transportation
Grand Total
7.9%
0.7%
7.7%
3.9%
1.8%
0.8%
0.9%
0.3%
7.4%
2.3%
3.4%
1.8%
0.9%
1.5%
1.1%
0.8%
12.9%
4.6%
0.1%
0.5%
2.3%
2.9%
2.0%
2.1%
-0.9%
-5.7%
-4.6%
-6.1%
-4.6%
-6.4%
-6.7%
-7.0%
5.8%
0.7%
1.8%
0.3%
3.4%
0.0%
-0.4%
-0.7%
8.2%
2.2%
2.6%
-0.5%
1.0%
-0.7%
-0.5%
-0.5%
2.1%
1.9%
3.8%
-5.7%
0.7%
0.9%
Retail is only sector where all regions saw a drop in
2006. Food saw the strongest and most evenly
distributed category growth.
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
38
Regional Share of Statewide TSA* + Under 50Mile Visitation and Trips
Regional Share of State Visitors
8.4%
15.5%
4.7%
4.9%
14.6%
26.3%
14.1%
11.5%
7.9%
18.0%
3.4%
5.0%
16.8%
26.7%
13.0%
9.2%
Total Visitors
(000)
1,374.9
3,148.3
596.9
874.5
2,932.0
4,663.8
2,263.7
1,607.2
100.0%
100.0%
17,461.4
Share of Expenditures
Balance of State
Blackstone Valley
Block Island
East Bay
Newport
Providence
South County
Warwick
Total
Share of Visitation
Biggest variances from spending shares are in regions
where there is a dominant category, such as expensive
accomodations in Block Island or high transportation
revenue in Warwick
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
40
Regional Share of Statewide TSA* Tourism Visitation
Regional Share of State Visitors
7.6%
11.8%
6.1%
5.0%
14.9%
27.2%
14.5%
12.8%
7.9%
12.8%
5.5%
6.4%
15.4%
29.4%
13.3%
9.3%
Total Visitors
(000)
627.9
1,014.7
437.5
511.1
1,224.8
2,337.7
1,060.1
742.0
100.0%
100.0%
7,955.8
Share of Expenditures
Balance of State
Blackstone Valley
Block Island
East Bay
Newport
Providence
South County
Warwick
Total
Share of Visitation
Biggest variances from spending shares are in regions
where there is a dominant category, such as expensive
accomodations in Block Island or high transportation
revenue in Warwick
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
Copyright © 2007 Global Insight, Inc.
41
Regional Share of Statewide Core** TSA* + Under 50Mile Employment***
Regional Share of State Tourism Employment
Share of State
Expenditures
Balance of State
Blackstone Valley
Block Island
East Bay
Newport
Providence
South County
Warwick
Total
Share of Total
Employment
8.4%
15.5%
4.7%
4.9%
14.6%
26.3%
14.1%
11.5%
9.8%
10.7%
3.3%
5.9%
12.4%
32.4%
8.8%
16.7%
Total
Employment
5,780
6,322
1,947
3,458
7,309
19,111
5,160
9,813
100.0%
100.0%
58,900
Biggest variances from spending shares are in regions where
with a high concentration in one area, such as entertainment
for Blackstone Valley, accomodations for Block Island and
South County, or transportation for Warwick
Source: Global Insight
* TSA includes all overnight visitors and those traveling over 50 miles, non-commuting
** Core Tourism includes the economic contribution from industries directly providing goods and services to the visitor.
*** Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
These employment figures should not be confused with RI DLT Leisure & Hospitality Employment data.
Copyright © 2007 Global Insight, Inc.
42
Talking Points: What Does the Entire Industry* Mean to RI?
 Each RI visitor/trip generates about $308 in
expenditures, $34 of which goes to RI businesses that
do not directly “touch” that visitor
 Every 249 visitors and trips creates a new RI job
 Each visitor and trip creates about $76 in tax receipts,
$43 of which goes to state & local authorities
 It takes only 360 visitors and trips to pay for one Rhode
Island public school student for one year
 Each RI visitor and trip generates $117 in wages paid to
RI workers employed across an array of industries
 Each visitor/trip adds $184 to RI Gross State Product
Source: Global Insight
* Based on TSA definition of visitor, which includes all overnight visitors and those traveling over 50 miles, non-commuting, and under 50 mile visitors
Copyright © 2007 Global Insight, Inc.
45