how important is tourism to rhode island? 2006 tourism satellite account september 27, 2007 kenneth...

How Important is Tourism to Rhode Island? 2006 Tourism Satellite Account

September 27, 2007

Kenneth McGillExecutive Managing DirectorTravel & Tourism [email protected]

Copyright © 2007 Global Insight, Inc. 2

• Quick Introduction to Global Insight

• What is Tourism Satellite Accounting?

• 2006 Rhode Island Tourism Results

• What Do Visitors Mean to RI?

Agenda

How Important is Tourism to Rhode Island?


Tourism Economic Impact Project Feasibility Studies Performance Benchmarking

Global Insight

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Travel and Tourism Practice

• Visitation & Spending ForecastsVisitation & Spending Forecasts –by category and by country, region, state, or U.S. city. Market size, growth, and share.

• Market Feasibility & Investment FacilitationMarket Feasibility & Investment Facilitation market analysis & research, demand/supply review, policy evaluation, development cost analysis.

• Destination Impact & Concession SupportDestination Impact & Concession Support economic impact of the construction and operations of individual facilities –resort, convention center, entertainment venue, event…

• Tourism Economic Impact & Tourism Satellite AccountingTourism Economic Impact & Tourism Satellite Accounting conforming to the UN/WTO standards. What does travel & tourism contribute in jobs, wages, spending, and taxes to a national or local economy?

• Tourism Policy AnalysisTourism Policy Analysis travel & tourism policy evaluation and rationalization.


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What is a Tourism Satellite Account (TSA)?

http://www.tsa.gov/

http://www.tsa.gov/

http://www.tsa.gov/

http://www.tsa.gov/

http://www.tsa.gov/

http://www.tsa-usa.org/



http://www.tsa.org/

http://www.turtlesurvival.org/

http://www.columbia.edu/cu/tsa/

http://www.columbia.edu/cu/tsa/

http://www.tsa.org.au/



http://www.studyofadolescence.org.uk/

http://www.tsanc.org/

http://www.tsanc.org/

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http://www.tsa-art.ca/


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 industry is not measured in standard economic accounting

systems. 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. As a result, tourism touches many industries

• 4Cs: Credibility, Comprehensiveness, Comparability, Consistency

7


Benefits of a TSA

10

Are we spending enough on tourism promotion and infrastructure?Are we spending enough on tourism promotion and infrastructure? Compares government support of the tourism sector with government revenue generated by tourism.

Which are our best economic development targets and are candidate-Which are our best economic development targets and are candidate-requested concessions worth it?requested concessions worth it? Allows policy-makers to compare the size & growth of tourism to other industrial sectors.

What is the ROI of public tourism investment?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 How can we benchmark ourselves against our destination competition?competition? Provides an accepted international standard for benchmarking.

How can we communicate the full value of tourism to policy makers, How can we communicate the full value of tourism to policy makers, businesses, and citizens?businesses, and citizens? Quantifies how other industries benefit from tourism.

Copyright © 2007 Global Insight, Inc


TSA and Tourism Economic Impact Client Examples

Tourism Satellite AccountTourism Satellite Account

RHODE ISLAND Israel New Jersey Dubai Bahamas Abu Dhabi Kansas North Dakota Guam North Carolina Alaska South Carolina Delaware Virginia Utah

Economic ImpactEconomic Impact Idaho Pennsylvania Indiana Maryland

City Tourism ImpactCity Tourism Impact• Dallas• Boston• Arlington, TX• Sacramento• Baltimore• Philadelphia• Orlando• Washington, DC• NYC• Camden & SNJ

• Tulsa• St. Louis• Kansas City• Battle Creek, MI• Durham, NC• Savannah• Pittsburgh• Austin• Indianapolis


RI TSA: Definitions• Visitor:Visitor: GT 50 miles, non-commuting or overnight stays• Resident Tourism: Resident Tourism: Only outbound purchases made in advance of a trip

are included. No resident usage of RI tourism assets.*

• Tourism Spending:Tourism Spending: A TSA concept, includes all spending by all constituents on travel made in the jurisdiction (RI)

• Visitor Spending: Visitor Spending: Spending in the jurisdiction by visitors (accommodations, food & beverage, shopping, transportation, entertainment, other)

• Total Economic Impact: “GDP” definition…spending less value of supply chain purchases made elsewhere. The amount truly retained in jurisdiction.

• Import Leakages:Import Leakages: The value of supply chain purchases made outside of the jurisdiction.

• DirectDirect Spending/Jobs/Wages/Taxes: Spending/Jobs/Wages/Taxes: Industries that “touch” the visitor (e.g. hotels, restaurants, museums,…)

• IndirectIndirect Spending/Jobs/Wages/Taxes: Spending/Jobs/Wages/Taxes: Industries that supply those that touch the visitor

• Induced Induced Spending/Jobs/Wages/Taxes:Spending/Jobs/Wages/Taxes: Workers of industries that touch or supply will spend wages locally


Travel & Tourism Economy

T&T Industry and Economy

The TSA provides both a narrow & a broad understanding of the Tourism “Industry”

Travel & Tourism EconomyThe flow-through effect of travel demand across the economy

Travel & Tourism IndustryThe direct effect of travel demand


2006 Rhode Island Tourism Results


State Overview: Totals At A Glance

Source: Global Insight* Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.

Tourism Concept TSATSA + Under 50

Mile VisitorsDifference

VisitsVisits 7.96 M7.96 M 17.46 M 9.50 M

ExpenditureExpenditure $3.69 B$3.69 B $5.38 B $1.69 B

Economic Impact (GSP)Economic Impact (GSP) $2.26 B$2.26 B $3.20 B $940 M

JobsJobs 47,85447,854 70,079 22,225

WagesWages $1.38 B$1.38 B $2.04 B $660 M

TaxesTaxes $860 M$860 M $1,327 M $467 M


State Overview: Tourism and Under 50Mile Visitors

Source: Global Insight* Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.

Measurement FY2006 FY2005 Definition

Tourism (TSA) + Under 50Mile Visitor Spending $5.38 B$5.38 B $5.34 B • Spending from all tourism actors

Tourism (TSA) $3.69 B$3.69 B $3.67 B • TSA Definition of State Tourism

Under 50Mile Visitors $1.69 B$1.69 B $1.67 B• Visitors from less than 50 miles that utilize RI tourism assets

Tourism + Under 50Mile Visitors Employment* 58,90058,900 58,921

• Employment required to support core RI tourism activity

Core Tourism Employment* 38,95638,956 39,201

• TSA Definition of Tourism “Industry”


Industry Structure: Definitions

Source: Global InsightCopyright © 2007 Global Insight, Inc.

17

$5.38 billion

$3.69 billion

$2.26 billion $1.43 billion

$1.71 billion $547 million


Total Tourism (TSA) Expenditures

• RI visitation grew 2.1% in ‘06 • Spending per visit declined by 0.7% in ‘06

• Leisure travel increased by 4.2% in ’06• Business travel decreased by 6.0% in ‘06

Tourism expenditures tallied $3.69 billion in 2006

Tourism expenditures tallied $3.69 billion in 2006

Source: Global Insight

-0.4% 0.6%

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

2004 2005 2006

$ M

illi

on

Core Tourism

Total Impact

TourismExpenditures


0

2

4

6

8

10

2004 2005 2006

Business Leisure

Total

(Million Visitors)

Visitors to Rhode Island* Total visitors grew 2.1% in 2006 with a leisure visitors growing at twice that rate.

Total visitors grew 2.1% in 2006 with a leisure visitors growing at twice that rate.

* Visitors from GT 50 miles only, provided by DK Shifflet & Associates, Ltd. Business travel results were estimated by GII.


Tourism Shows Growth in ‘06

Measurement FY2005

(billions)

FY2006

(billions)2005-06 growth

Tourism (TSA) + Under 50Mile Visitor Expenditures

$5.337 $5.385$5.385 0.9%0.9%

Tourism (TSA) Expenditures $3.668 $3.692$3.692 0.6%0.6%

Total Economic Impact $2.223 $2.257$2.257 1.5%1.5%

Core Tourism (direct) $1.677 $1.709$1.709 1.9%1.9%

Non-Core Tourism $0.546 $0.547$0.547 0.2%0.2%

Import Leakage $1.445 $1.435$1.435 -0.7%-0.7%



Measurement FY2006 FY2005 % Perspective

Economic Value ($B)Economic Value ($B) Core Tourism Total Impact

$1.71$1.71

$2.26$2.26

$1.68

$2.22

1.9%

1.5%

• Solid growth strengthened by leisure travel

Wages & SalariesWages & Salaries Core Tourism ($M) Total Impact ($M)

$1,031 $1,031

$1,381$1,381

$1,008

$1,357

2.3%

1.8%

• Average annual salary saw 3.0% and 2.3% growth respectively

Employment (‘000)Employment (‘000) Core Tourism Total Impact

38.9638.96

47.8547.85

39.20

48.03

-0.6%

-0.4%

• Core tourism is 4th largest industry in RI

Taxes –Total Impact Taxes –Total Impact ($M)($M) $856$856 $865 -0.6%

• 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

2006 Bottom Line:

RI Tourism continues to grow…



Measurement

2006 2005

% Perspective

RI Domestic Visitation (‘000) 7.96 7.79 2.1% • Leisure visits were very strong RI Tourism (TSA) + Under 50Mile Visitor Spending

$5.38 B $5.34 B 0.9% • Short-haul visitors added $1.69B

RI Tourism (TSA) + Under 50Mile Visitor Jobs (‘000)

70.1 70.2 -0.2%• This definition ranks tourism as 2nd largest industry in state

RI Tourism (TSA) Jobs (‘000) Core Tourism Total Impact

38.96

47.85

39.20

48.03

-0.6%

-0.4%

• Core tourism employment share in RI is much higher than US

RI Tourism (TSA) Wages Core Tourism Total Impact

$1,031

$1,381

$1,008

$1,357

2.3%

1.8%

• Avg. annual wage increased to over $28,872/year

Tourism (TSA) as a % of RI GSP 5.5% 5.7%• Core plus Non-core makes tourism 9th largest industry in RI

RI % of US Tourism Jobs Output

0.9%

0.3%

0.9%

0.3%

-2.0%

-5.0%

• Nationally, jobs were up 1.2% in tourism

2006 RI Tourism Scorecard



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 tourism-

intensive 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. Not included in TSA

definition.


Breaking Down Tourism Expenditures – $3.69 Billion

11% of TSA Expenditures in Rhode Island come from outside of visitor spending.

Million

$

Share

Of

Total

2006

Growth

Investment 248 7% -2%

Visitors 3,303 89% 1%

Other 141 4% 0%

Total 3,692 100% 1%

Source: Global InsightIn State total includes residents, investment, government and internal business

Others4%

Visitors89%

Investment7%


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)

Entertainment** 1,213 751 2.3%

Accommodation 655 655 2.1%

Transportation 670 651 0.6%

Food 1,584 758 2.3%

Shopping 914 528 - 5.1%

Total * $5,037 $3,342 0.7%

* Direct and Indirect Tourism Expenditures (w/o construction & investment)

Source: Global Insight** Entertainment category includes all marina and boating activity

TSA + <50Mile Shares

Entertainment24%

Food32%

Shopping18%

Accommodation

13%

Transportation13%


Category Distribution of ExpendituresBusiness 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, mainly due to a low concentration in Shopping (the worst state-wide

category) and a strong concentration in Food (the best state-wide category).

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

Total * $3,342 $2,456 $887

* Direct and Indirect Tourism Expenditures (w/o construction & investment)

Source: Global Insight** Entertainment category includes all marina and boating activity


Core 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. This ranks core tourism as the 10th largest private industry in RI in terms of Gross State Product.


Core Tourism – Gross State ProductCore Tourism contributed $1.71 billion in economic value in 2006.

Tourism ranked as the 10th largest private industry in Rhode Island.

Rank Industry Millions $ ’05-’06 Growth

% of State

1 Real Estate and Rental and Leasing 6,516 4.0% 15.8%2 Finance and Insurance 6,051 7.8% 14.7%3 Health Care and Social Assistance 4,313 5.1% 10.5%4 Durables Manufacturing 3,196 3.5% 7.8%5 Retail Trade 2,899 4.2% 7.0%6 Wholesale Trade 2,400 6.2% 5.8%7 Professional, Scientific, and Tech. Services 2,394 6.1% 5.8%8 Construction 2,268 5.3% 5.5%9 Information 1,854 5.6% 4.5%

10 Accommodation and Food Services 1,317 6.1% 3.2%11 Non-Durables Manufacturing 1,242 1.9% 3.0%12 Administrative and Waste Services 1,136 6.6% 2.8%13 Other Services 1,028 5.7% 2.5%14 Educational Services 1,011 6.0% 2.5%15 Management of Companies and Enterprises 957 7.7% 2.3%

Other Industries 2,608 4.7% 6.3%Total 41,189 5.3% 100.0%Government 4,879 4.3%

Travel & Tourism 1,709 1.9% 4.1%

Core Travel & Tourism

would have 4.1% of Rhode Island’s GSP

Core Travel & Tourism

would have 4.1% of Rhode Island’s GSP

Source: Bureau of Economic Analysis and Global Insight


Core Tourism Impact – CompositionThe TSA model measures how spending of visitors touches

diverse sectors to create the aggregate Core Tourism for Rhode Island.

Composition of Core TourismRank Industry $ Value ’05-’06 % of

(Millions) Growth Total1 Other amusement- gambling- and recreation industries 425 3.7% 24.8%2 Food services and drinking places 371 2.3% 21.7%3 Real estate 258 0.0% 15.1%4 Hotels and motels- including casino hotels 189 5.0% 11.1%5 Automotive equipment rental and leasing 149 0.0% 8.7%6 Travel arrangement and reservation services 107 1.9% 6.2%7 Food and beverage stores 39 -5.1% 2.3%8 Clothing and clothing accessories stores 30 -5.1% 1.7%9 Air transportation 27 0.3% 1.6%10 Spectator sports 25 0.6% 1.5%11 Performing arts companies 18 1.2% 1.0%12 Miscellaneous store retailers 15 -5.1% 0.9%13 Transit and ground passenger transportation 13 15.5% 0.8%14 Gasoline stations 13 -2.7% 0.8%15 Scenic and sightseeing transportation and support 12 11.6% 0.7%

Other Industries 20 -3.3% 1.2%

Total 1,709 1.9% 100.0%Source: Global Insight


Core Tourism – Employment

• Core Tourism is the 4th largest private sector employer in Rhode Island with 38,956 direct full-time 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.


Core Tourism Impact – EmploymentTravel & tourism is RI’s 4th largest private sector employer.

Rank IndustryEmployment(Thousands)

2005-2006

Growth% of State

LQ Index

1 Health Care and Social Assistance 74.05 1.5% 15.0% 1.42 Retail Trade 52.43 -0.1% 10.6% 0.93 Accommodation and Food Services 43.06 0.5% 8.7% 1.14 Professional, Scientific, and Tech. Services 35.54 -1.9% 7.2% 1.35 Administrative and Waste Services 29.42 6.4% 6.0% 1.06 Wholesale Trade 26.25 2.3% 5.3% 1.27 Finance and Insurance 23.07 5.1% 4.7% 1.08 Manufacturing, Nondurables 22.52 -3.0% 4.6% 1.29 Construction 22.30 -0.1% 4.5% 0.8

10 Other Services 21.34 2.1% 4.3% 1.111 Transportation and Warehousing 17.82 -5.8% 3.6% 1.112 Manufacturing, Durables 16.36 -2.0% 3.3% 0.513 Information 10.38 -2.8% 2.1% 0.914 Educational Services 9.64 -0.9% 2.0% 0.915 Management of Companies and Enterprises 9.10 4.3% 1.8% 1.4

Other Industries 15.5 -1.4% 3.1% 0.5State & Local Government 64.8 -0.3% 13.1% 0.9

Total Nonfarm 493.6 0.4% 100.% 1.0

Core Tourism represented

38,956 jobs in 2006.

Core Tourism represented

38,956 jobs in 2006.

Travel & Tourism 39.0 - 0.6% 7.9% 1.8

Tourism’s contribution to RI employment is 1.8 times that of the US in totalSource: Bureau of Labor Statistics and Global Insight


Core Tourism Impact and Employment

Economic Impact Concept Level

Industry Rank Using Reported

Values

Industry Rank w/ Tourism Removed Level

Industry Rank Using Reported

ValuesIndustry Rank w/

Tourism Removed

Expenditures (Output) $3.69B n/a n/a $5.38B n/a n/a

Value Added or GSP $1.71B 10th 10th$2.48B 6th 6th

Jobs 38,956 4th 3rd58,900 2nd 2nd

Core Tourism (TSA Definition)Core Tourism (TSA plus Under 50 Mile

Visitors)

Removing Tourism components from the major state categories of employment and GSP is enough to move TSA employment up

from 4th to 3rd, as the impact on Accomodation and Food Services is significant, moving that category to 6th overall.

Removing Tourism components from the major state categories of employment and GSP is enough to move TSA employment up

from 4th to 3rd, as the impact on Accomodation and Food Services is significant, moving that category to 6th overall.


-0.4%1.4%

0

10

20

30

40

50

60

2004 2005 2006

Tho

usan

ds

Nu

mb

er o

f Jo

bs

Total Rhode Island Tourism Employment Down 0.4% in 2006

CoreTourism

TotalImpact


Core Tourism jobs comprise 81% of total tourism-generated employment.Core Tourism jobs comprise 81% of total tourism-generated employment.


Non-Core Tourism – Indirect BenefitsMany industries not thought of as “tourism” but that supply

goods and services to the industry are beneficiaries of RI tourism.

Indirect Benefits of TourismRank Industry $ Value ’05-’06 % of

(Millions) Growth Total1 Real estate 73 0.7% 9.9%2 Wholesale trade 21 0.0% 2.8%3 Nondepository credit intermediation and related firms 19 1.8% 2.6%4 Power generation and supply 17 1.2% 2.3%5 Monetary authorities and depository credit intermediaries 15 0.8% 2.0%6 Telecommunications 13 0.3% 1.8%7 Legal services 12 1.7% 1.6%8 Maintenance and repair of nonresidential buildings 11 0.4% 1.5%9 Architectural and engineering services 10 0.8% 1.3%10 Management of companies and enterprises 10 1.9% 1.3%11 Food services and drinking places 8 1.8% 1.1%12 Other State and local government enterprises 8 1.6% 1.1%13 Postal service 7 1.0% 1.0%14 Employment services 6 1.1% 0.9%15 Accounting and bookkeeping services 6 2.2% 0.8%

Other Industries 154 1.1% 20.9%Investment 349 0.2% 47.2%

Total 739 0.6% 100.0%Source: Global Insight


Non-Core Tourism – Construction BenefitsThe Construction sector is also a significant beneficiary of tourism.

Source: FW Dodge

0

300

600

900

1,200

2004 2005 2006

(Millions)

29.7%

- 35.4

Data is “Value of Construction Contracts”, measuring the value of construction at the time when work begins, encompassing total value for entire projects which start or break ground in a given year, excluding ancillary costs such as land acquisition.


Accommodation – Seasonal 2nd Home

Seasonal 2nd homes are an important part of accommodation expenditure, especially for Washington County.

County

Rental

Income

(M$)

# of Seasonal

2nd Homes

BRISTOL $3.9 280

KENT $11.6 828

NEWPORT $91.8 2,551

PROVIDENCE $32.8 1,172

WASHINGTON $228.4 8,157

Total $368.6 12,988

Source: Global Insight and US Bureau of Census


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 revenue. While tourism is responsible for 4.2% of RI GSP, it contributed 10.8% 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.


State and Local Government Revenue

Tax Revenues from Tourism 2006 (Million) ’05-’06 GrowthFederal Government

Corporate Profits Tax 85.5 -1.2%Personal Income 122.8 -0.5%Social Security & Other Taxes 189.7 -0.4%

Federal Total 398.1 -0.6%State Government

Corporate Profits Tax 7.6 -1.0%Personal Income 39.0 -0.5%Sales 98.3 -1.4%Licenses & Fees 10.2 -0.6%Gaming Tax 103.9 0.7%Other Taxes 45.4 -1.0%Occupancy Tax 9.6 3.9%

State Total 314.0 -0.4%Local Government

Local Occupancy Taxes 5.7 3.9%Property Taxes 142.0 -1.4%

Local Total 147.7 -1.2%

Total 859.8 -0.6%


Gross State Product: $3.20 billion 7.8% of GSP

Total Employment: 70,079 jobs 14.2% of Employment

Gross State Product: $2.26 billion

5.5% of GSP

Total Employment: 47,854 jobs

9.7% of Employment

Core GSP: $1.71 billion 4.1% of GSP

Core Employment: 38,965 jobs7.9% of Employment

4th largest private sector employer

How Important?

Total Tourism-related

spending of $5.38 billion


Talking Points: What Do Visitors Mean to RI?

Each RI visitor/traveler generates about $464 in Each RI visitor/traveler generates about $464 in

expenditures, $53 of which goes to RI businesses that do expenditures, $53 of which goes to RI businesses that do

not directly “touch” that visitornot directly “touch” that visitor

Every 166 visitors creates a new RI jobEvery 166 visitors creates a new RI job

Each visitor creates about $108 in tax receipts, $58 of Each visitor creates about $108 in tax receipts, $58 of

which goes to state & local authoritieswhich goes to state & local authorities

It takes only 239 visitors to pay for one Rhode Island It takes only 239 visitors to pay for one Rhode Island

public school student for one yearpublic school student for one year

Each RI visitor generates $174 in wages paid to RI Each RI visitor generates $174 in wages paid to RI

workers employed across an array of industriesworkers employed across an array of industries

Each visitor adds about $284 to RI Gross State ProductEach visitor adds about $284 to RI Gross State ProductBased on TSA definition of “visitor”.


Talking Points: What Does the Entire Industry Mean to RI?

Each RI visitor/traveler generates about $308 in Each RI visitor/traveler generates about $308 in

expenditures, $34 of which goes to RI businesses that do expenditures, $34 of which goes to RI businesses that do

not directly “touch” that visitornot directly “touch” that visitor

Every 249 visitors creates a new RI jobEvery 249 visitors creates a new RI job

Each visitor creates about $76 in tax receipts, $43 of Each visitor creates about $76 in tax receipts, $43 of

which goes to state & local authoritieswhich goes to state & local authorities

It takes only 360 visitors to pay for one Rhode Island It takes only 360 visitors to pay for one Rhode Island

public school student for one yearpublic school student for one year

Each RI visitor generates $117 in wages paid to RI Each RI visitor generates $117 in wages paid to RI

workers employed across an array of industriesworkers employed across an array of industries

Each visitor adds about $184 to RI Gross State ProductEach visitor adds about $184 to RI Gross State ProductBased on TSA + Under 50Mile definition of “visitor”.


2006 Rhode Island TourismRegional Analysis


Regional Distribution of Tourism

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

Rhode Island is divided into eight regions in the analysis: 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


4.9%

4.7%

8.4%

15.5%

11.5%

14.1%

14.6%

26.3%

0% 5% 10% 15% 20% 25% 30%

East Bay

Block Island

Balance of State

Blackstone Valley

Warwick

South County

Newport

Providence

Tourism (TSA) Plus Under 50Mile Visitors (Share of State)

Regional Distribution of TSA + Under 50Mile Expenditures

Providence is clearly the leading tourism region. Under the broader definition, Blackstone Valley is the 2nd largest region

Less of a bump from additional Food $ than others

Full accounting of gaming revenues move region to #2

Entertainment and Retail Drive High Spending


5.0%

6.1%

7.6%

11.8%

12.8%

14.5%

14.9%

27.2%

0% 5% 10% 15% 20% 25% 30%

East Bay

Block Island

Balance of State

Blackstone Valley

Warwick

South County

Newport

Providence

Tourism Expenditure (Share of State)

Regional Distribution of TSA Tourism ExpendituresProvidence remains the leading tourism region.

TSA definitions limit gaming revenue accounting for Newport and Blackstone Valley

Low Retail and Food Relative to Others

Transportation (Airport) is major contributor

Entertainment and Retail Drive High Spending

Seasonal second homes dominate


Regional Growth in TSA + Under 50Mile Expenditure

-0.5%

2.6%

8.2%

2.2%

-0.5%

-0.5%

1.0%

-0.7%

-3% -1% 1% 3% 5% 7% 9%

East Bay

Block Island

Balance of State

Blackstone Valley

Warwick

South County

Newport

Providence

'05-'06 Growth in Expenditure


Regional Growth in TSA Tourism Expenditure

-0.4%

3.6%

5.6%

2.0%

-0.7%

-0.3%

0.5%

-0.3%

-2% -1% 0% 1% 2% 3% 4% 5% 6%

East Bay

Block Island

Balance of State

Blackstone Valley

Warwick

South County

Newport

Providence

'05-'06 Growth in Expenditure


Regional TSA + Under 50Mile Expenditures

Regional Share of State Expenditures by Category ($M)Accomodations Entertainment Food Retail Transportation Total

Balance of State 13.10 45.66 214.57 76.95 70.94 421.22 Blackstone Valley

16.37 396.82 245.77 57.71 65.13 781.80

Block Island 86.49 59.56 22.18 50.57 17.81 236.62 East Bay 6.55 39.07 114.51 47.34 40.76 248.23 Newport 194.31 200.31 218.62 87.71 34.85 735.81 Providence 108.03 319.74 326.12 355.89 212.69 1,322.47 South County 172.79 88.45 253.46 155.32 38.87 708.89 Warwick 57.14 63.79 188.86 82.77 188.49 581.05

Total 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.



Regional TSA Tourism Expenditures

Regional Share of State Expenditures by Category ($M)Accomodations Entertainment Food Retail Transportation Total

Balance of State 13.10 31.57 96.06 42.25 71.63 254.60 Blackstone Valley

16.37 169.62 109.92 31.69 65.77 393.36

Block Island 86.49 52.60 21.98 29.57 14.33 204.97 East Bay 6.55 35.99 56.86 32.74 36.46 168.60 Newport 194.31 124.49 105.15 48.18 26.15 498.28 Providence 108.03 221.06 170.57 195.40 214.75 909.80 South County 172.79 78.10 111.44 90.83 31.25 484.42 Warwick 57.14 37.14 86.14 57.46 190.84 428.72

Total 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.


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.


Regional Share of Statewide TSA + Under 50Mile Expenditures

Regional Share of State Expenditures by CategoryAccommodation Entertainment Food Shopping Transportation Total

Providence 16.5% 26.4% 20.6% 38.9% 31.8% 26.3%Blackstone Valley

2.5% 32.7% 15.5% 6.3% 9.7% 15.5%

Newport 29.7% 16.5% 13.8% 9.6% 5.2% 14.6%South County 26.4% 7.3% 16.0% 17.0% 5.8% 14.1%Warwick 8.7% 5.3% 11.9% 9.1% 28.2% 11.5%Balance of State 2.0% 3.8% 13.5% 8.4% 10.6% 8.4%East Bay 1.0% 3.2% 7.2% 5.2% 6.1% 4.9%Block Island 13.2% 4.9% 1.4% 5.5% 2.7% 4.7%

Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%




Expenditure Category Share of Regional Tourism SpendingAccommodation Entertainment Food Shopping Transportation Total

Providence 8.2% 24.2% 24.7% 26.9% 16.1% 100.0%Blackstone Valley

2.1% 50.8% 31.4% 7.4% 8.3% 100.0%

Newport 26.4% 27.2% 29.7% 11.9% 4.7% 100.0%South County 24.4% 12.5% 35.8% 21.9% 5.5% 100.0%Warwick 9.8% 11.0% 32.5% 14.2% 32.4% 100.0%Balance of State 3.1% 10.8% 50.9% 18.3% 16.8% 100.0%East Bay 2.6% 15.7% 46.1% 19.1% 16.4% 100.0%Block Island 36.6% 25.2% 9.4% 21.4% 7.5% 100.0%

Total 13.0% 24.1% 31.5% 18.2% 13.3% 100.0%

Regional Share of Statewide TSA + Under 50Mile Expenditures

Warwick’s Transportation share is very high as TF Green Airport revenue is counted here.



Regional Share of Statewide TSA Tourism

Regional Share of State Expenditures by CategoryAccommodation Entertainment Food Shopping Transportation Total

Providence 16.5% 29.5% 22.5% 37.0% 33.0% 27.2%Newport 29.7% 16.6% 13.9% 9.1% 4.0% 14.9%South County 26.4% 10.4% 14.7% 17.2% 4.8% 14.5%Warwick 8.7% 4.9% 11.4% 10.9% 29.3% 12.8%Blackstone Valley

2.5% 22.6% 14.5% 6.0% 10.1% 11.8%

Balance of State 2.0% 4.2% 12.7% 8.0% 11.0% 7.6%Block Island 13.2% 7.0% 2.9% 5.6% 2.2% 6.1%East Bay 1.0% 4.8% 7.5% 6.2% 5.6% 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.

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.


Regional Share of Statewide TSA Tourism

Expenditure Category Share of Regional Tourism SpendingAccommodation Entertainment Food Shopping Transportation Total

Providence 11.9% 24.3% 18.7% 21.5% 23.6% 100.0%Newport 39.0% 25.0% 21.1% 9.7% 5.2% 100.0%South County 35.7% 16.1% 23.0% 18.8% 6.5% 100.0%Warwick 13.3% 8.7% 20.1% 13.4% 44.5% 100.0%Blackstone Valley

4.2% 43.1% 27.9% 8.1% 16.7% 100.0%

Balance of State 5.1% 12.4% 37.7% 16.6% 28.1% 100.0%Block Island 42.2% 25.7% 10.7% 14.4% 7.0% 100.0%East Bay 3.9% 21.3% 33.7% 19.4% 21.6% 100.0%

Total 19.6% 22.5% 22.7% 15.8% 19.5% 100.0%




TSA + Under 50Mile Growth Rates by Region for 2006

Regional Growth Rates by Category 2006 vs 2005Accomodation Entertainment Food Retail Transportation Grand Total

Balance of State 7.9% 7.4% 12.9% -0.9% 5.8% 8.2%Blackstone Valley

0.7% 2.3% 4.6% -5.7% 0.7% 2.2%

Block Island 7.7% 3.4% 0.1% -4.6% 1.8% 2.6%East Bay 3.9% 1.8% 0.5% -6.1% 0.3% -0.5%Newport 1.8% 0.9% 2.3% -4.6% 3.4% 1.0%Providence 0.8% 1.5% 2.9% -6.4% 0.0% -0.7%South County 0.9% 1.1% 2.0% -6.7% -0.4% -0.5%Warwick 0.3% 0.8% 2.1% -7.0% -0.7% -0.5%

Grand Total 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.

Retail is only sector where all regions saw a drop in 2006. Food saw the strongest and most evenly



TSA Tourism Growth Rates by Region for 2006

Regional Growth Rates by Category 2006 vs 2005Accomodation Entertainment Food Retail Transportation Grand Total

Balance of State 7.9% 8.0% 7.2% -0.1% 5.7% 5.6%Blackstone Valley

0.7% 2.8% 4.1% -4.9% 0.6% 2.0%

Block Island 7.7% 3.9% -0.4% -3.9% 1.8% 3.6%East Bay 3.9% 2.4% 0.0% -5.3% 0.2% -0.4%Newport 1.8% 0.7% -0.4% -4.7% 3.2% 0.5%Providence 0.8% 2.0% 2.4% -5.6% -0.1% -0.3%South County 0.9% 1.6% 1.5% -6.0% -0.5% -0.3%Warwick 0.3% 1.4% 1.6% -6.2% -0.7% -0.7%

Total 2.1% 2.3% 2.3% -5.1% 0.6% 0.7%

Retail is only sector where all regions saw a drop in 2006. Entertainment saw the strongest and most evenly


Retail is only sector where all regions saw a drop in 2006. Entertainment saw the strongest and most evenly



Regional Share of Statewide TSA + Under 50Mile Visitation

Regional Share of State Visitors

Share of Expenditures Share of VisitationTotal Visitors

(000)Balance of State 8.4% 7.9% 1,374.9Blackstone Valley

15.5% 18.0% 3,148.3

Block Island 4.7% 3.4% 596.9East Bay 4.9% 5.0% 874.5Newport 14.6% 16.8% 2,932.0Providence 26.3% 26.7% 4,663.8South County 14.1% 13.0% 2,263.7Warwick 11.5% 9.2% 1,607.2

Total 100.0% 100.0% 17,461.4

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


revenue in Warwick


Regional Share of Statewide TSA Tourism Visitation



(000)Balance of State 7.6% 7.9% 627.9Blackstone Valley

11.8% 12.8% 1,014.7

Block Island 6.1% 5.5% 437.5East Bay 5.0% 6.4% 511.1Newport 14.9% 15.4% 1,224.8Providence 27.2% 29.4% 2,337.7South County 14.5% 13.3% 1,060.1Warwick 12.8% 9.3% 742.0

Total 100.0% 100.0% 7,955.8


revenue in Warwick


revenue in Warwick


Regional Share of Statewide Core TSA + Under 50Mile Employment

Regional Share of State Tourism EmploymentShare of State Expenditures

Share of Total Employment

Total Employment

Balance of State 8.4% 9.8% 5,780Blackstone Valley

15.5% 10.7% 6,322

Block Island 4.7% 3.3% 1,947East Bay 4.9% 5.9% 3,458Newport 14.6% 12.4% 7,309Providence 26.3% 32.4% 19,111South County 14.1% 8.8% 5,160Warwick 11.5% 16.7% 9,813

Total 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

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


Regional Share of Statewide Tourism Employment

Regional Share of State Tourism EmploymentShare of State Expenditures

Share of Total Employment

Total Employment

Balance of State 7.6% 9.3% 3,630Blackstone Valley

11.8% 10.1% 3,930

Block Island 6.1% 3.5% 1,367East Bay 5.0% 6.3% 2,441Newport 14.9% 12.3% 4,782Providence 27.2% 33.5% 13,038South County 14.5% 8.2% 3,208Warwick 12.8% 16.8% 6,559

Total 100.0% 100.0% 38,956

Biggest variances from spending shares are in regions where there is a dominant category, such as

accomodations in Block Island and South County or high transportation revenue in Warwick


accomodations in Block Island and South County or high transportation revenue in Warwick


Accommodation – Seasonal 2nd Home

Seasonal 2nd homes are an important part of accommodation expenditure, especially for those regions part of Washington County.

County

Rental

Income

(mn$)

# of Seasonal

2nd Homes

BRISTOL $3.9 280

KENT $11.6 828

NEWPORT $91.8 2,551

PROVIDENCE $32.8 1,172

WASHINGTON $228.4 8,157

Total $368.6 12,988

Source: Global Insight and US Bureau of Census


Impact of Seasonal Homes on Accomodations Expenditures

Accomodations Expenditures

Total Accomodations Expenditures ($M)

Accomodations Without Seasonal

Homes ($M)

Difference ($M)

Balance of State 13.10 9.81 3.29Blackstone Valley

16.37 12.26 4.11

Block Island 86.49 8.92 77.57East Bay 6.55 4.77 1.77Newport 194.31 102.48 91.84Providence 108.03 80.92 27.11South County 172.79 17.82 154.97Warwick 57.14 49.24 7.90

Total 654.78 286.22 368.56


Regional TSA + Under 50Mile Accomodation and State Expenditure Shares

16.5%

2.5%

29.7%

8.7%

2.0%

13.2%

26.3%

8.4%

4.7%

1.0%

26.4%

14.1%

11.5%

14.6%15.5%

4.9%

0%

5%

10%

15%

20%

25%

30%

35%

Providence BlackstoneValley

Newport SouthCounty

Warwick Balance ofState

East Bay BlockIsland

Region Share of State Accommodation

Region Share of Total State Tourism


Regional TSA Tourism Accomodation and State Expenditure Shares

29.7%

26.4%

8.7%

2.5% 2.0%1.0%

27.2%

12.8%11.8%

7.6%

5.0%

13.2%

16.5%

6.1%

14.5%14.9%

0%

5%

10%

15%

20%

25%

30%

35%

Providence Newport SouthCounty

Warwick BlackstoneValley

Balance ofState

BlockIsland

East Bay

Region Share of State Accommodation



Regional TSA + Under 50Mile Entertainment and State Expenditure Shares

32.7%

16.5%

7.3%

5.3%3.8%

15.5%14.1%

8.4%

4.9%

26.4%

3.2%4.9%

14.6%

26.3%

4.7%

11.5%

0%

5%

10%

15%

20%

25%

30%

35%


Newport SouthCounty



Region Share of State Entertainment



Regional TSA Tourism Entertainment and State Expenditure Shares

29.5%

16.6%

10.4%

4.9%

22.6%

4.2%

7.0%

14.5%12.8%

7.6%

4.8%

14.9%

5.0%6.1%

27.2%

11.8%

0%

5%

10%

15%

20%

25%

30%

35%



Balance ofState

BlockIsland

East Bay

Region Share of State Entertainment



Regional TSA + Under 50Mile Transportation and State Expenditure Shares

31.8%

9.7%

5.2% 5.8%

15.5%14.6%

6.1%

10.6%

2.7%

28.2%

4.9% 4.7%

8.4%

11.5%14.1%

26.3%

0%

5%

10%

15%

20%

25%

30%

35%

40%


Newport SouthCounty



Region Share of State Transportation



Regional TSA Tourism Transportation and State Expenditure Shares

29.3%

10.1%11.0%

14.9% 14.5%

6.1%

4.0% 4.8%

2.2%

33.0%

5.6%

12.8%

27.2%

11.8%

7.6%

5.0%

0%

5%

10%

15%

20%

25%

30%

35%



Balance ofState

BlockIsland

East Bay

Region Share of State Transportation



Regional TSA + Under 50Mile Food and State Expenditure Shares

16.0%

13.5%

1.4%

26.3%

7.2%

20.6%

11.9%13.8%

15.5%

4.9%

11.5%

15.5%14.1%

4.7%

8.4%

14.6%

0%

5%

10%

15%

20%

25%

30%


Newport SouthCounty



Region Share of State Food



Regional TSA Tourism Food and State Expenditure Shares

22.5%

13.9%

11.4%

14.5%

12.7%

2.9%

7.5%

27.2%

12.8%

6.1%

14.7%

5.0%

7.6%

11.8%

14.5%14.9%

0%

5%

10%

15%

20%

25%

30%



Balance ofState

BlockIsland

East Bay

Region Share of State Food



Regional TSA + Under 50Mile Shopping and State Expenditure Shares

38.9%

17.0%

9.1%

15.5% 14.6%

9.6%

5.2% 5.5%

8.4%

6.3%

11.5%14.1%

26.3%

4.7%4.9%

8.4%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%


Newport SouthCounty



Region Share of State Shopping



Regional TSA Tourism Shopping and State Expenditure Shares

37.0%

9.1%

17.2%

10.9%

6.0% 5.6%

14.9%

11.8%

6.2%8.0%

12.8%

5.0%

14.5%

27.2%

6.1%7.6%

0%

5%

10%

15%

20%

25%

30%

35%

40%



Balance ofState

BlockIsland

East Bay

Region Share of State Shopping



Regional Distribution of Tourism TSA + Under 50mile Visitors

$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $16,369 $396,818 $245,766 $57,712 $65,134 $781,79

8 15.5%

2005 $16,262 $388,077 $235,046 $61,185 $64,661 $765,23

1 15.3%

2004 $16,338 $363,146 $225,829 $66,573 $65,952 $737,83

8 14.8%

Blackstone Valley


Regional Distribution of Tourism (TSA)

$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $16,369 $169,619 $109,923 $31,686 $65,765 $393,36

3 11.8%

2005 $16,262 $165,026 $105,632 $33,322 $65,343 $385,58

5 11.6%

2004 $16,338 $154,447 $101,347 $39,706 $65,846 $377,68

3 11.2%

Blackstone Valley


Regional Share of Statewide Tourism TSA + Under 50mile Visitors

Regional Share of State Expenditures by Category

Accomodations Entertainment Food Retail Transportation Total

2006 2.5% 32.7% 15.5% 6.3% 9.7% 15.5%2005 2.5% 32.6% 15.4% 6.3% 9.7% 15.3%2004 2.5% 32.4% 15.3% 6.3% 9.8% 14.8%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%


from state room tax data.



Blackstone Valley


Regional Share of Statewide Tourism (TSA)

Expenditure Category Share of Regional Tourism Spending


2006 2.5% 22.6% 14.5% 6.0% 10.1% 11.8%2005 2.5% 22.5% 14.3% 6.0% 10.1% 11.6%2004 2.5% 22.4% 14.2% 6.0% 10.1% 11.2%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Blackstone Valley





(000)Blackstone Valley

15.5% 18.0% 3,148.3

State 100.0% 100.0% 17,461.4


accomodations or high transportation revenue.




Regional Share of Statewide Tourism Visitation



(000)Blackstone Valley

11.8% 12.8% 1,014.7

State 100.0% 100.0% 7,995.9



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $86,493 $59,563 $22,179 $50,568 $17,814 $236,61

7 4.7%

2005 $80,302 $57,612 $22,152 $53,023 $17,491 $230,57

9 4.6%

2004 $80,679 $53,911 $17,885 $57,692 $17,840 $228,00

6 4.6%

Block Island



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $86,493 $52,597 $21,984 $29,573 $14,325 $204,97

1 6.1%

2005 $80,302 $50,611 $22,062 $30,759 $14,077 $197,81

0 6.0%

2004 $80,679 $47,366 $21,167 $36,652 $14,185 $200,04

9 5.9%

Block Island





2006 13.2% 4.9% 1.4% 5.5% 2.7% 4.7%2005 12.5% 4.8% 1.5% 5.5% 2.6% 4.6%2004 12.4% 4.8% 1.2% 5.5% 2.7% 4.6%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Block Island





2006 13.2% 7.0% 2.9% 5.6% 2.2% 6.1%2005 12.5% 6.9% 3.0% 5.5% 2.2% 6.0%2004 12.4% 6.9% 3.0% 5.5% 2.2% 5.9%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Block Island





(000)Block Island 4.7% 3.4% 596.9

State 100.0% 100.0% 17,461.4









(000)Block Island 6.1% 5.5% 437.5

State 100.0% 100.0% 7,995.9



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $6,548 $39,074 $114,507 $47,340 $40,759 $248,22

8 4.9%

2005 $6,299 $38,366 $113,913 $50,390 $40,625 $249,59

3 5.0%

2004 $6,328 $35,902 $111,990 $54,827 $41,436 $250,48

3 5.0%

East Bay



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $6,548 $35,990 $56,857 $32,742 $36,464 $168,60

0 5.0%

2005 $6,299 $35,156 $56,833 $34,571 $36,375 $169,23

3 5.1%

2004 $6,328 $32,902 $54,527 $41,194 $36,655 $171,60

6 5.1%

East Bay





2006 1.0% 3.2% 7.2% 5.2% 6.1% 4.9%2005 1.0% 3.2% 7.5% 5.2% 6.1% 5.0%2004 1.0% 3.2% 7.6% 5.2% 6.2% 5.0%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





East Bay





2006 1.0% 4.8% 7.5% 6.2% 5.6% 5.0%2005 1.0% 4.8% 7.7% 6.2% 5.6% 5.1%2004 1.0% 4.8% 7.6% 6.2% 5.6% 5.1%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





East Bay





(000)East Bay 4.9% 5.0% 874.5

State 100.0% 100.0% 17,461.4









(000)East Bay 5.0% 6.4% 511.1

State 100.0% 100.0% 7,995.9



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $194,314 $200,312 $218,622 $87,710 $34,850 $735,80

9 14.6%

2005 $190,806 $198,608 $213,718 $91,987 $33,704 $728,82

3 14.6%

2004 $196,664 $193,836 $217,007 $96,450 $26,005 $729,96

1 14.7%

Newport



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $194,314 $124,488 $105,152 $48,179 $26,148 $498,28

1 14.9%

2005 $190,806 $123,609 $105,573 $50,566 $25,334 $495,88

9 14.9%

2004 $196,664 $118,502 $104,946 $60,863 $25,321 $506,29

6 15.0%

Newport





2006 29.7% 16.5% 13.8% 9.6% 5.2% 14.6%2005 29.8% 16.7% 14.0% 9.5% 5.1% 14.6%2004 30.3% 17.3% 14.7% 9.2% 3.9% 14.7%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Newport





2006 29.7% 16.6% 13.9% 9.1% 4.0% 14.9%2005 29.8% 16.8% 14.2% 9.1% 3.9% 14.9%2004 30.3% 17.2% 14.7% 9.2% 3.9% 15.0%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Newport





(000)Newport 14.6% 16.8% 2,932.0

State 100.0% 100.0% 17,461.4









(000)Newport 14.9% 15.4% 1,224.8

State 100.0% 100.0% 7,995.9



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand TotalShare

of State

2006 $108,034 $319,743 $326,120 $355,889 $212,687 $1,322,474

27.2%

26.3%

2005 $107,151 $315,015 $317,067 $380,103 $212,704 $1,332,040

27.6%

26.7%

2004 $107,654 $294,778 $309,737 $413,571 $216,950 $1,342,689

27.8%

27.0%

Providence



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of

State

2006 $108,034 $221,056 $170,571 $195,395 $214,746 $909,802 27.2%

2005 $107,151 $216,662 $166,630 $207,007 $214,947 $912,396 27.5%

2004 $107,654 $202,772 $159,869 $246,669 $216,601 $933,565 27.7%

Providence





2006 16.5% 26.4% 20.6% 38.9% 31.8% 26.3%2005 16.7% 26.5% 20.8% 39.2% 32.0% 26.7%2004 16.6% 26.3% 21.0% 39.3% 32.4% 27.0%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Providence





2006 16.5% 29.5% 22.5% 37.0% 33.0% 27.2%2005 16.7% 29.5% 22.5% 37.2% 33.2% 27.5%2004 16.6% 29.4% 22.4% 37.2% 33.2% 27.7%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Providence





(000)Providence 26.3% 26.7% 4,663.8

State 100.0% 100.0% 17,461.4









(000)Providence 27.2% 29.4% 2,337.7

State 100.0% 100.0% 7,995.9


Providence Convention Data

• Data covers RI Convention Center Non-business data

removed from RICC totals

Primary exclusion are the Public Shows

• FY’07 Attendees drop due to a 28,000 decrease (52%) in Trade Shows attendance. Revenue from Trade

Shows was down 26% Revenue from Meetings

was up 39%

Revenue Attendees

FY ‘07 $5,756,185 90,602

FY ‘06 $5,401,410 120,066

FY ‘05 $5,303,260 119,093



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $172,789 $88,450 $253,461 $155,319 $38,867 $708,88

7 14.1%

2005 $171,252 $87,481 $248,514 $166,531 $39,021 $712,79

9 14.3%

2004 $172,056 $81,861 $238,162 $181,194 $39,800 $713,07

4 14.3%

South County



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $172,789 $78,105 $111,441 $90,833 $31,255 $484,42

2 14.5%

2005 $171,252 $76,850 $109,789 $96,605 $31,405 $485,90

1 14.6%

2004 $172,056 $71,923 $105,334 $115,114 $31,647 $496,07

4 14.7%

South County





2006 26.4% 7.3% 16.0% 17.0% 5.8% 14.1%2005 26.7% 7.3% 16.3% 17.2% 5.9% 14.3%2004 26.5% 7.3% 16.1% 17.2% 5.9% 14.3%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





South County





2006 26.4% 10.4% 14.7% 17.2% 4.8% 14.5%2005 26.7% 10.5% 14.8% 17.4% 4.9% 14.6%2004 26.5% 10.4% 14.7% 17.3% 4.9% 14.7%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





South County





(000)South County 14.1% 13.0% 2,263.7

State 100.0% 100.0% 17,461.4









(000)South County 14.5% 13.3% 1,060.1

State 100.0% 100.0% 7,995.9



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $57,138 $63,788 $188,859 $82,771 $188,494 $581,05

0 11.5%

2005 $56,969 $63,253 $185,036 $88,977 $189,735 $583,97

0 11.7%

2004 $57,236 $59,190 $181,975 $96,811 $193,522 $588,73

3 11.8%

Warwick



$(000)Accomodation

sEntertainmen

tFood Retail

Transportation

Grand Total

Share of State

2006 $57,138 $37,143 $86,138 $57,462 $190,839 $428,71

9 12.8%

2005 $56,969 $36,641 $84,799 $61,272 $192,258 $431,93

9 13.0%

2004 $57,236 $34,292 $81,358 $73,012 $193,738 $439,63

6 13.0%

Warwick





2006 8.7% 5.3% 11.9% 9.1% 28.2% 11.5%2005 8.9% 5.3% 12.1% 9.2% 28.5% 11.7%2004 8.8% 5.3% 12.3% 9.2% 28.9% 11.8%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Warwick





2006 8.7% 4.9% 11.4% 10.9% 29.3% 12.8%2005 8.9% 5.0% 11.4% 11.0% 29.7% 13.0%2004 8.8% 5.0% 11.4% 11.0% 29.7% 13.0%

State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%





Warwick





(000)Warwick 11.5% 9.2% 1,607.2

State 100.0% 100.0% 17,461.4









(000)Warwick 12.8% 9.3% 742.0

State 100.0% 100.0% 7,995.9

Thank You!

Ken McGillExecutive Managing Director, Travel & Tourism

[email protected]

how important is tourism to rhode island? 2006 tourism satellite account september 27, 2007 kenneth...

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