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The Economic Value of Beaches

The Economic Value of Beaches Travel and tourism is the largest industry in the world and U.S. (Contributing $3.5 trillion to the world’s Gross Domestic Product – GDP - and $1.2 trillion to the U.S. GDP). World Travel and Tourism Council, 2001

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The Economic Value of Beaches

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  1. The Economic Value of Beaches

  2. Travel and tourism is the largest industry in the world and U.S. (Contributing $3.5 trillion to the world’s Gross Domestic Product – GDP - and $1.2 trillion to the U.S. GDP). World Travel and Tourism Council, 2001

  3. Travel and tourism is the largest employer in the world and U.S. (Employing 16.9 million people, or 1 out of every 8.1 people, in the U.S.) World Travel and Tourism Council, 2001

  4. Spending by foreign tourists supports 2.7 million American jobs - as many jobs as are in the U.S. computer industry. Bureau of Labor Statistics, 2001

  5. “Technology jobs account for little of total employment in most local economies and don’t do much to boost a region’s overall prosperity.” Council on Competitiveness, 2001

  6. Per-capita wages for travel and tourism jobs are 13% higher than average U.S. per-capita wages. Holecek and Herbowicz, 1995

  7. Travel and tourism contributes about $200 billion to U.S. exports (Greater than the combined export value of U.S. agricultural products, aircraft, computers, and telecommunications equipment). World Travel and Tourism Council, 2001 U.S. Department of Commerce, 2001

  8. Foreign visitors to the U.S. produced a trade surplus of $13.9 billion (Greater than any trade component including agricultural exports). World Travel and Tourism Council, 2001 U.S. Department of Commerce,2001

  9. Americans take pride in high-technology industries, but these industries ran a trade deficit of $35 billion in 2000. U.S. Department of Commerce, 2001

  10. Foreign tourism provides annual tax revenues of $7.5 billion. U.S. Travel and Tourism Administration,1995 (T&T Admin abolished by Congress in 1996)

  11. Foreign Tourism Annual Tax Revenues State 33.0% $2.5 Billion $4 Billion $1 Billion Federal 53.0% Local 14.0% U.S. Travel and Tourism Administration, 1995

  12. Beaches are the leading tourist destination in the U.S. USA Today, 1993 Carlson Wagonlit Travel Agent Poll, 1998 ABC News, 2000 Washingtonpost.com: Poll, 2001

  13. Coastal states receive 85% of all tourist-related revenues in the U.S. World Almanac, 2001

  14. Annual Tourist Visits (Millions) California Beaches National Park Service * Bureau of Land Management ** 0 100 200 300 400 500 600 700 • Includes national seashores and monuments • Properties are one-eighth of U.S. land * ** King and Symes, 2002 National Park Service, 2001 Bureau of Land Management, 2001

  15. Annual Tourist Visits (Millions) National Beach Visits National Parks Bureau of Land Management State Parks 0 200 400 600 800 1000 1200 1400 1600 1800 2000 Clean Beaches Council, 2001 National Park Service, 2001 Bureau of Land Management, 2001

  16. California State beaches make up just 2.7% of State parks but have 72% of park visits. King, 1999

  17. Beach tourists contribute $260 billion to the U.S. economy and $60 billion in Federal taxes. King, 1999 Clean Beaches Council, 2001 World Travel and Tourism Council, 2001

  18. Beach erosion is the number one concern that beach tourists have about beaches. Hall and Staimer, 1995

  19. Germany has spent 6 times as much on its beaches over the past 40 years as has the U.S. Kelletat, 1992

  20. Japan spends more in a single year on shore protection and restoration than the U.S. has in 40 years. Marine Facilities Panel, 1991

  21. Spain spent more on beach nourishment over a 5-year period than the U.S. spent in 40 years. Ministerio de Obras Publicas y Transportes, 1993

  22. Miami Beach Experience

  23. Beach attendance at Miami Beach following beach nourishment in the late 1970’s increased from 8 million in 1978 to 21 million in 1983. Wiegel, 1992

  24. Annual Tourist Visits (Millions) Miami Beach (1983) Yosemite (2001) Grand Canyon (2001) Yellowstone (2001) 0 5 10 15 20 25 Wiegel, 1992 National Park Service, 2001

  25. Foreign beach tourists spend $500 annually ($1.2 billion) for every $1 spent on the annual capitalized cost of the Miami Beach nourishment project City of Miami Beach, 2001 Houston, 1996 Stronge, 2000

  26. If the Miami Beach experience could be successfully repeated, an investment of 1% of the annual crop subsidy in national beach restoration would wipe out the average annual U.S. trade deficit. Houston, 2002 U.S. Department of Commerce, 2001

  27. Federal Tax Revenues from Foreign Beach Tourists Versus Federal Beach Nourishment Costs 2.0 1.8 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0 Foreign Beach Tourist Federal Tax Revenues ($2B) $ BILLIONS Federal Beach Nourishment Costs ($0.1B) U.S. Travel and Tourism Administration, 1995 Marlowe, 1999

  28. Federal Tax Revenues from All Beach Tourists Versus Federal Beach Nourishment Costs 60 50 40 30 20 10 0 Beach Tourist Federal Tax Revenues ($60B) $ BILLIONS Federal Beach Nourishment Costs ($0.1B) U.S. Travel and Tourism Administration, 1995 Marlowe, 1999 World Travel and Tourism Council, 2001

  29. “There is probably no country in the world that has a greater comparative advantage in tourism than the United States.” U.S. Travel and Tourism Administration, 1993

  30. The U.S. receives over 45% of the developed world’s travel and tourism revenues and 60% of its profits. Wall Street Journal, 1994

  31. The U.S. ranks 31st in tourism advertisement behind countries such as Malaysia and Tunisia, spending less than 10% of what Spain spends on advertising to international tourists. Brooks, 1995 Washington Post, 1995 (In 1996 Congress ended this national tourism spending)

  32. The U.S. has slipped behind France and Spain as the leading tourist destination, and the U.S. share of the international tourism market has steadily declined in the 1990’s. Cable News Network (CNN), 2000

  33. U.S. will rank a disappointing 122 in international tourism growth from 2001 to 2011, lagging countries such as Burkina Faso, Mauritius, Mali, Laos, and Botswana. World Travel and Tourism Council, 2001

  34. “Without a paradigm shift in attitudes toward the economic significance of travel and tourism and necessary infrastructure investment to maintain and restore beaches, the U.S. will relinquish a dominant worldwide lead in its most important industry.” Houston, 1995

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