NASHVILLE, Tenn. (WKRN) – The Tennessee Department of Tourism has released its annual report on the economic impacts of travel and tourism on the voluntary state, and the results are impressive.
Economic impact data comes from the US Travel Association. In 2021, tourism generated a record $24 billion in travel spending in our state, a big rebound from 2020.
Every county in Tennessee recorded year-over-year increases in visitor spending.
Commissioner Mark Ezell said it was a wonderful thing for everyone in Tennesse.
“The benefit of a visitor’s tourism spending is that it saves all of us property taxes. It also saves us from having to pay income tax. And that’s the wonderful news of tourism,” Ezell said. “And Tennessee did extremely well. In fact, this year we grew 44% over last year, beating the national average for the second year in a row by more than 20%. »
Tax revenue generated from in-state tourism and travel saved each Tennessee household about $750 in state and local taxes last year.
“The great thing about tourism is that we get more money from a visitor than any US state, up to a percentage. And with Tennessee’s great tourism assets. That means money. “money from tourism for residents of Tennessee. Last year, recreation and hospitality brought in more than $1.5 billion that could be used for those 7 million people in Tennessee,” said Ezel.
According to Ezell, one of the reasons for Tennessee’s popularity is its diversity.
“We beat the national average by 24%. And this is the second year in a row we weren’t down that much in 2020. And now our rebound is even bigger. It’s a testament to how diverse Tennessee’s tourist assets are, whether you go to the Smokies and enjoy the great outdoors or Memphis for the river and the new Elvis movie. And then of course here in Middle Tennessee with Music City, USA. And great things to do here.
Domestic tourism brought in the majority of those dollars in 2021.
Ezell said 2022 could be even more impressive as international travelers return.
“What was exciting for us this year is that we had a record amount of domestic visitor spending which helped us to have total visitor spending of 99% from the record year of 2019. Why not? have we not reached this total number because our international visitors have not been able to return in 2021. But what is exciting is now that they can. And we’re seeing those doors open and people coming back in record numbers. »
In Clarksville-Montgomery County, visitor spending has rebounded to nearly 100% of its all-time high of $352 million in 2019. According to the data, visitor spending last year topped $340 million.
In Williamson County, the region saw a 34% increase over 2020, matching its 2018 spending levels. According to the data, visitor spending in the county generated $1.04 billion direct economic impact in 2021.
To view the full report and distribution department by department click on this link.