Impact of Visitor Spending and New Tourism Development in South Carolina: 1994-1995

15-6. Impact of Visitor Spending and New Tourism Development in South Carolina: 1994-1995


VISITOR SPENDING                                                  NEW TOURISM DEVELOPMENT

The impacts of consumer spending by both U.S. and                 The impacts of the capital expenditures and jobs
international visitors in S.C., for travel planning,              created by new developments, expansions or major
transportation, lodging, food, entertainment, recreation,         renovations in tourism businesses in the state.
and retail purposes.

                             Direct Impact                                      Direct Impact
    Type of                                               Total                                             Total
     Impact      Coastal  Midlands   Upstate  Statewide   Impact   Coastal  Midlands   Upstate  Statewide   Impact

  EXPENDITURE
  ($ Millions)

      1994         3,337    1,057     1,028      5,427     10,311     811       54        149     1,014      1,926    
      1995         3,576    1,103     1,105      6,037     11,470     579       150       180       908      1,725

   EMPLOYMENT
    (# Jobs)

      1994       102,387   32,431    31,542    166,513    256,697   7,796      734        887     9,417     14,517
      1995       109,720   33,843    33,904    185,230    285,550   3,713      581      4,406     8,700     13,412

    PAYROLL
  ($ Millions)

      1994         1,220     387        376      1,985      3,517      93         9        11       112        199
      1995         1,308     403        404      2,208      3,913      44         7        53       104        184

  TAX REVENUES
 State & Local
  ($ Millions)

      1994         252.9    80.1       77.9      411.4       N/A      7.0       0.6       0.7       8.3        N/A
      1995         271.1    83.6       83.8      457.6       N/A      3.3       0.5       3.9       7.7        N/A

Note: Regional figures may not add to statewide figure due to expenditures not allocated by county.

Direct Impact: The dollars initially spent and resulting employment where sales occurred.

Indirect Impact: Interbusiness transactions- successive rounds of business expenditures and resulting employment.

Induced Impact: Household expenditures- successive rounds of household expenditures and resulting employment.

Total Impact: The total value of production generated, including the direct, indirect and induced impact.

Source: S. C. Department of Parks, Recreation, and Tourism, February 1996.

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