tourism is a big business

  • Cumberland Area Economic Development Corporation
  • Serving Cumberland County
  • Pennsylvania’s destination for business and leisure
Back lớn list

Tourism is big business.

Bạn đang xem: tourism is a big business

According lớn the World Travel and Tourism Council, experts project the travel and tourism industry lớn inject over two and a half billion dollars into the U.S. economy over the next ten years. Tourism is a significant economic force and knowing how it supports small businesses is essential lớn local communities. So what is the value of tourism in Cumberland Valley?

Small business is the backbone of our local economy and tourism remains a pivotal contributor lớn small business success, as proven by almost 5 million visitors in 2021. In this article, we’ll explore how tourism benefits small businesses and what you can tự lớn help Cumberland Valley remain a great place lớn live.

Promote Local Culture

Small businesses in tourism-dependent areas benefit greatly from increased tourist spending. In addition lớn generating revenue, it also promotes the local culture and heritage. When tourists spend money in a town or thành phố, they’re more likely lớn learn about the area’s history, feel welcome and return for future visits. Moreover, patronizing locally owned businesses allows visitors lớn tư vấn the community itself.

Increase Local Employment

Tourism supports small businesses lớn significantly boost the local economy. Tourists spending money at local businesses help lớn create additional jobs, generate business income and tư vấn local suppliers and service providers. Additionally, when tourists spend money in nearby stores and restaurants, it increases the flow of money throughout the local economy.

Open Opportunity for New Business Creation

Tourism provides opportunities for businesses of all sizes, from those with just a few employees lớn companies with hundreds. Yet, with limited budgets, small businesses receive the most assistance when tourism is prevalent. Here are four ways tourism opens the door for the creation of new small businesses:

Tourism boosts the local economy. When tourists spend money within the local economy, it creates jobs and stimulates economic growth. This tư vấn is vital for small businesses, which often have more challenging times generating significant profits. With a robust local economy, the survival rate of fledgling businesses skyrockets.

Travel and tourism generate tax revenue. Tourism is a powerful economic driver that can provide funding lớn tư vấn local infrastructure, decrease property taxes and increase property value for both business owners and homeowners.

Xem thêm: văn tả con mèo lớp 2

It provides new customers. Tourists who visit a small business are more likely lớn recommend it lớn friends and family members than thở tourists who visit larger enterprises. This boost in patronage can lead lớn increased sales and greater profitability for the small company.

The tourism and travel industry enhances brand awareness. A successful small business can benefit from increased brand awareness due lớn tourist visits — this means that potential new customers may be more likely lớn recognize a company’s name and consider doing business with them.

Tourism increases the value of property and equipment. When tourists visit a small business, they’re more likely lớn purchase unique items such as souvenirs or food products made by local suppliers. Positive visits may also spark further interest in exploring the locality, resulting in increased spending by locals and even new businesses.

Many small businesses consider tourism a lifeline. When small businesses take advantage of tourism opportunities, they can thrive and create further possibilities in their areas.

Support Small Business, Support Tourism with CAEDC

The Cumberland Area Economic Development Corporation (CAEDC) works closely with local businesses lớn promote local attractions, restaurants, shops, lodgings and more. As an economic development organization and the Official Destination Marketing Organization (DMO) for Cumberland County, our mission is lớn ensure all local businesses succeed so sánh they can thrive long-term, create jobs and contribute lớn the community’s economic growth and vitality.

Xem thêm: luật phòng cháy chữa cháy mới nhất

As a thành viên of the CAEDC, you can help tư vấn small businesses and tourism in our region! Liên hệ us lớn participate or visit our tourism site for more information.

Contact Us

Print Friendly, PDF & Email