table of contents

February 2007         

 

Tourism remains the engine that drives the economy statewide, locally


Ocean Walk Shoppes

While efforts to attract more business and industry to the region continue, tourism remains the engine that drives the economy, not just here but across the state. Volusia County, which is served by three convention and visitors bureaus, has enjoyed healthy tourism numbers in recent years, having made a solid rebound following the hurricanes of 2004.

“Tourism continues to play a vital role in the vitality of our economy,” said Sharon Mock, president and CEO of the Daytona Beach Area Convention and Visitors Bureau. “As our area evolves and our product improves, we can look forward to a bright future with a high ratio of repeat visitors along with many new visitors.”

Mock’s counterparts in west and southeast Volusia County agree.

Renee Tallevast, executive director of the West Volusia Tourism Advertising Authority sees increasing interest in the River of Lakes Heritage Corridor that features cultural heritage and outdoor recreation of 14 communities along the St. Johns River. “The Heritage Corridor offers a collection of diverse communities, small town cultural and historic treasures, and spectacular natural Florida beauty and wildlife,” said Tallevast.

Debra Boyd, executive director of the Southeast Volusia Advertising Authority is just as optimistic. “Our area continues to be a favorite among visitors from across the state and around the world,” she said.

Numbers compiled by Mid-Florida Marketing & Research confirm the huge impact tourism has on the local economy. Evelyn Fine, president of the firm, has studied tourism trends in the region for decades. She offered a statistical snapshot of 2005, the most recent year for which figures are available. She reports eight million visitors, with total expenditures by those visitors of $4.2 billion.

Much of this money is spent on accommodations, driving the lodging industry to employ a workforce of 3,000 people with a payroll exceeding $53 million. Property taxes paid by the lodging industry (including time shares) total $25.5 million. When looking at the entire tourism industry in the area, employment figures top 42,000, with a payroll exceeding $500 million.

Visitors do more than just spend money and stimulate employment. They also make a major contribution to sales tax revenues. According to one economist, visitors pay approximately 40 percent of the overall sales taxes collected locally. Local schools are a good example of the economic contribution made by tourists. Visitors have contributed more than $61 million of the revenue raised from a local half penny sales tax that took effect in 2002.

“We are fortunate to live in an area that offers a positive visitor experience
and in a state that is the envy of the world when it comes to tourism,”
stated Bob Davis, a former hotelier and current president of the Volusia
County Hotel-Motel Association. “Tourism’s contribution to the community
speaks for itself and contributes to the quality of life for us all.”

Longtime tourism leader Jim Bazemore agrees. “The investment in upgrading area hotels has been substantial and it shows,” he said. “Accommodations are better than ever and when the expansion of the Ocean Center is complete, our meeting and convention facilities will be among the best in the South.” Bazemore’s family established Perry’s Ocean Edge Resort in the 1940s which recently underwent a $9 million renovation.

The county government-operated Ocean Center, the convention and entertainment complex, is in the middle of a major expansion that will double its size and add to the appeal of Daytona Beach and Volusia County among meeting planners and booking agents.

Like Volusia County, the state also benefits from a robust tourism industry. Visit Florida is the state’s official source for travel planning for the Sunshine State. It is not a government agency, but the operating company of the Florida Commission on Tourism, which is a private/public partnership made up of top state government officials and representatives of the Florida tourism industry. Its travel research team reports the visitor count for 2005 exceeded 83 million, up from approximately 73 million in 2000. Visitor expenditures increased from $48 billion to $62 billion during the same time. Employment in the tourism industry statewide increased from 842,900 in
2000 to 948,700 in 2005 and sales tax revenues increased from $2.9 billion to $3.8 billion.

For those who like to track trends, Visit Florida reports that tourism activity follows the calendar. That is to say that the first quarter attracts 28.9 percent of our visitors; the second quarter tally is 27.3 percent; the third quarter tally is 25.4 percent; and the fourth quarter tally is 19.4 percent. ?


Department of Economic Development
700 Catalina Drive, Suite 200, Daytona Beach, FL 32114
Telephone:
386-248-8048   FAX: 386 238-4761   Toll Free: 800-554-3801

Richard Michael
Director

doed@volusia.org