Visitors spent $867 million in NE Tennessee in 2023
Published 10:00 am Wednesday, September 11, 2024
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Visitors to Northeast Tennessee generated $867,135,100 in spending in 2023, a 3% increase from 2022, according to newly released data from Tourism Economics and the Tennessee Department of Tourist Development.
“Tourism is not just about the fun, it’s about the funds. Every visitor is an economic boost to the area,” Northeast Tennessee Tourism Association Executive Director Alicia Phelps said. “The tourism industry is the cornerstone of our state’s economy, and Northeast Tennessee is no exception. The continued growth and success of the region’s tourism sector is a testament to the recognition it has received as a powerful economic driver. By investing in local tourism initiatives, we are not only supporting businesses, events, and attractions but also enhancing the quality of life for our residents and strengthening communities.”
By the Numbers:
– Direct visitor spending in Northeast Tennessee generated $53,135,200 in state tax revenue and $33,522,600 in local tax revenue.
– Direct visitor spending also supported 7,034 jobs in Northeast Tennessee.
Statewide:
Tennessee tourism generated a record $30.6 billion in direct visitor spending and saw 144 million visitors to the state in 2023. Statewide visitor spending generated $3.2 billion in direct state and local tax revenues in 2023. Tourism boosts local economies, supports businesses and jobs, funds public services and creates a better quality of life for all Tennesseans.
An IMPLAN input-output model estimated the portion of calendar year 2023 spending attributable to visitors. For this study, a visitor includes those who stayed overnight or traveled more than 50 miles to the destination. The report focuses specifically on spending in retail, recreation, accommodations, food & dining, and transportation services. When visitors spend money in these categories, it generates state and local taxes that help fund schools, roads, and other needed public services.