|
KANSAS CITY, Mo. — If you boil it down to its simplest terms, $502 is what tourism means to the average household in the Kansas City area. That’s how much each household in Kansas City saves annually in taxes thanks to spending by visitors. That’s just one fact presented today from new tourism research by the Kansas City Convention & Visitors Association (KCCVA) showing the economic impact and visitor profile of tourism in Kansas City. The studies were conducted by Tourism Economics, an Oxford Economics Company, and Reach Market Planning, LLC.
In 2008, Kansas City hosted a record 22.1 million visitors. Despite the recession, direct visitor spending increased two percent in 2008 to $2.68 billion, which resulted in an overall economic impact of $4.5 billion for the region. Kansas City tourism generated $140 million in state taxes and $184 million in local taxes last year, saving the average Kansas City household $502 in taxes in 2008. Nearly 45,000 jobs were sustained by visitors in 2008, accounting for $1.4 billion in total wages.
The study also offers insight into the impact of the downtown revitalization on tourism in Kansas City. Since 2005, when the downtown revitalization began, visitor spending has increased 18 percent from $2.27 billion to $2.68 billion in 2008.
“Visitors are responding to the major redevelopment that has taken place over the last few years,” said Rick Hughes, president of the Kansas City Convention & Visitors Association. “Tourism is important to our economy because the money spent by visitors helps reduce taxes paid by local residents and provides local governments needed revenues to pave roads and fix sewers.”
The research also provides a look at how visitor spending is distributed across the metropolitan area. Of the $4.5 billion economic impact tourism had in the Kansas City area in 2008, Jackson County accounted for half of all tourism spending (50.2%) with $2.3 billion, followed by Platte County at $804 million (17.9%), Johnson County at $768 million (17.1%), Clay County at $511 million (11.4%) and Wyandotte County at $154 million (3.4%).
For a copy of the full studies, go to VisitKC.com/research. Among the key highlights of the research:
|