Economic Impact of Travel & Tourism
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Impact of National Monuments Redesignated National Parks
- National Parks overall have much greater visitation, overnight visits, spending per visitor, and economic impacts than National Monuments.
- In the eight National Monuments redesignated as National Parks examined in this report, visits increased by 21 percent, on average, in the five years after redesignation compared to the five previous years.
- In the Intermountain West, from 2000 to 2016, recreation visits to National Parks increased while visits to National Monuments decreased. Importantly, National Parks saw a much faster increase in overnight visits, which have great economic impact in the surrounding region.
- Depending on how local communities advertise a new National Park, redesignation of White Sands National Monument may result in between $6.2 million and $7.5 million in new spending, 84-107 new jobs, and between $2.7 million and $3.3 million in labor income.
Read the complete study on the Headwaters Economics website at this link https://headwaterseconomics.org/public-lands/protected-lands/national-monuments-redesignated-national-parks/
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New Mexico Hospitality Association is a nonprofit (501c6) that is focused on serving its members and all segments of the hospitality industry. The association delivers decades of combined experience to lead public policy and workforce development strategy for a more prosperous economy. Tourism & hospitality is one of the state’s strongest private industries. In 2017, the hospitality and tourism industry contributed $662 million in state and local tax revenue. Tourism had its largest economic impact in state history in 2017, injecting $6.6 billion into New Mexico’s economy and supporting nearly 94,000 jobs. The association represents member interests at the state and national level, cultivates professional development, and targets opportunities to incubate and foster long-term job and wealth creation statewide. The association’s members are true investors and are playing a crucial role in growing tourism and New Mexico’s economy.
Below are links to economic impact dashboards related to lodgers tax, visitation, GRT, and employment in the hospitality industry.
- https://infogram.com/lodgers-tax-1h1749nlwkny2zj
- https://infogram.com/visitation-1h8j4x1mz7z86mv
- https://infogram.com/leisure-and-hospitality-1h1749nl1gny2zj
- https://infogram.com/accommodations-employment-1h984wp3vmxg2p3
- https://infogram.com/grt-arts-entertainment-and-recreation-1h7v4pjzqjvd4k0
- https://infogram.com/grt-accommodations-and-food-services-1h8j4x1mw3vr6mv