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You are here: Home / Research / Economic Impact of Travel

Economic Impact of Travel

VTC’s annual economic impact of travel study covering 2023 was conducted by Tourism Economics.

2023 Economic Impact of Visitors in Virginia

  • 2023 Economic Impact of Visitors in Virginia 
  • 2023 Economic Impact Data Highlights

2023 Economic Impact of Visitors across Virginia’s localities

These files contain measurements of the amount and total impact of visitor spending across all Virginia counties and independent cities.  Please only use these files for year-over-year comparisons, and not any Economic Impact data released in prior years by VTC. The historical data in these files has been revised reflecting updated methodologies and additional local input data. Comparing this data to prior reports is not an apples-to-apples comparison.

Direct Visitor Spending & Impact: The below file contains measurements of direct visitor spending across all Virginia localities – with historical data back to 2016. Direct visitor spending measures the amount of expenditures spent by visitors in each locality.  If you are looking for spending, income, employment, and tax revenue generated directly by visitors by locality, please refer to the link below.

  • 2023 Direct Visitor Impact for Virginia Localities

Indirect and Induced Visitor Impacts: The below file contains the measurements of indirect and induced impacts of visitor spending across all Virginia localities. Tourism Economics uses an IMPLAN input-output model to measure the expanded economic impact of travel spending as it flows through the economy.

  • 2023 Indirect & Induced Visitor Impact for Virginia Localities

Methodology Description

Tourism Economics has prepared a methodological overview of the 2023 Economic Impact study. Please refer to the below document.

  • Virginia Economic Impact of Visitors Methodology

Generate Your Own Report – 2019-2023

Tourism Economics Analysis and Forecast of COVID-19’s Impact on Virginia’s Visitor Economy

In April 2022, Tourism Economics conducted a third wave forecast study for VTC regarding the ongoing and expected impact of COVID-19 on Virginia’s travel and tourism industry. The analysis was done both at the state and regional level. Below are links to a summary report along with the complete data file containing both the statewide and regional data.

  • VTC COVID-19 Forecast Scenarios (Excel)
  • VTC COVID-19 Forecast Scenarios (PDF)

If you have any questions, please reach out to us at [email protected].

Research

  • Economic Impact of Travel
  • Economic Impact of Meetings and Conventions
  • Economic Impact of Sports Tourism
  • Interactive Data & Dashboards
  • Arrivalist
  • Virginia Excise Tax Collections
  • Lodging Reports
  • Travel Data and Profiles
  • International Travel
  • Black Travel Research
  • Research Reports
  • Research Links

Contact

Dan Roberts
Vice President of Research & Strategy
droberts@virginia.org
804-545-5549
Pratiksha Bhattarai
Senior Research Manager
pbhattarai@virginia.org
804-545-5548

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