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How Important is Tourism to Rhode Island? 2006 Tourism Satellite Account
September 27, 2007
Kenneth McGillExecutive Managing DirectorTravel & Tourism [email protected]
Copyright © 2007 Global Insight, Inc. 2
• Quick Introduction to Global Insight
• What is Tourism Satellite Accounting?
• 2006 Rhode Island Tourism Results
• What Do Visitors Mean to RI?
Agenda
How Important is Tourism to Rhode Island?
Copyright © 2007 Global Insight, Inc. 3
Tourism Economic Impact Project Feasibility Studies Performance Benchmarking
Global Insight
• Premier country intelligence, economic analysis & forecasting, and consulting organization globally
• Most comprehensive coverage of countries, regions, and industries available from any single source
• Common analytical framework and a consistent set of assumptions
• Broad range of capabilities include: Strategic and Tactical Planning Tools Market Risk Assessment Tourism Forecasts
• Global Insight consistently has the best track record among commercial forecasters. See www.globalinsight.com/accolades
Copyright © 2007 Global Insight, Inc. 4
Global Insight by the numbers…
Over 4,000 clients worldwide…
• 2,800+ -Corporate, Financial, and Commercial
• 37 -US States, 118 -Cities/Local Govt, 70 Federal Government agencies
• 35 Foreign Central Banks, 23 International Statistical agencies, plus IMF, World Bank, IADB, EC, OECD, UN, SABIC, CEIC…
• 100+ Trade, Professional, Non-profit Organizations
Global Insight’s 2006 Turnover was $97million (65% N.A., 35% Intnl)
with an operating margin of just over 9%
We have 640 employees housed in 25 offices in 14 countries
Global Insight is over 40 years young
Copyright © 2007 Global Insight, Inc. 5
Travel and Tourism Practice
• Visitation & Spending ForecastsVisitation & Spending Forecasts –by category and by country, region, state, or U.S. city. Market size, growth, and share.
• Market Feasibility & Investment FacilitationMarket Feasibility & Investment Facilitation market analysis & research, demand/supply review, policy evaluation, development cost analysis.
• Destination Impact & Concession SupportDestination Impact & Concession Support economic impact of the construction and operations of individual facilities –resort, convention center, entertainment venue, event…
• Tourism Economic Impact & Tourism Satellite AccountingTourism Economic Impact & Tourism Satellite Accounting conforming to the UN/WTO standards. What does travel & tourism contribute in jobs, wages, spending, and taxes to a national or local economy?
• Tourism Policy AnalysisTourism Policy Analysis travel & tourism policy evaluation and rationalization.
Copyright © 2007 Global Insight, Inc. 6
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What is a Tourism Satellite Account (TSA)?
Copyright © 2007 Global Insight, Inc. 7
Tourism Satellite Accounting
• The Tourism Satellite Account is the international (UN/WTO, OECD) standard for measuring the contribution of tourism to an economy
• Measuring the industry “tourism” is difficult: tourism industry is not measured in standard economic accounting
systems. Most industries are accounted via the supply-side: firms are
categorized into NAICS codes and asked about jobs, revenues, costs.
But tourism is a demand-side activity: the focus is on what the traveler buys before and during a trip. As a result, tourism touches many industries
• 4Cs: Credibility, Comprehensiveness, Comparability, Consistency
7
Copyright © 2007 Global Insight, Inc. 10
Benefits of a TSA
10
Are we spending enough on tourism promotion and infrastructure?Are we spending enough on tourism promotion and infrastructure? Compares government support of the tourism sector with government revenue generated by tourism.
Which are our best economic development targets and are candidate-Which are our best economic development targets and are candidate-requested concessions worth it?requested concessions worth it? Allows policy-makers to compare the size & growth of tourism to other industrial sectors.
What is the ROI of public tourism investment?What is the ROI of public tourism investment? Enables analysts to assess long-term health of the tourism sector vis-a-vis capital investment and govt. support.
How can we benchmark ourselves against our destination How can we benchmark ourselves against our destination competition?competition? Provides an accepted international standard for benchmarking.
How can we communicate the full value of tourism to policy makers, How can we communicate the full value of tourism to policy makers, businesses, and citizens?businesses, and citizens? Quantifies how other industries benefit from tourism.
Copyright © 2007 Global Insight, Inc
Copyright © 2007 Global Insight, Inc. 11
TSA and Tourism Economic Impact Client Examples
Tourism Satellite AccountTourism Satellite Account
RHODE ISLAND Israel New Jersey Dubai Bahamas Abu Dhabi Kansas North Dakota Guam North Carolina Alaska South Carolina Delaware Virginia Utah
Economic ImpactEconomic Impact Idaho Pennsylvania Indiana Maryland
City Tourism ImpactCity Tourism Impact• Dallas• Boston• Arlington, TX• Sacramento• Baltimore• Philadelphia• Orlando• Washington, DC• NYC• Camden & SNJ
• Tulsa• St. Louis• Kansas City• Battle Creek, MI• Durham, NC• Savannah• Pittsburgh• Austin• Indianapolis
Copyright © 2007 Global Insight, Inc. 12
RI TSA: Definitions• Visitor:Visitor: GT 50 miles, non-commuting or overnight stays• Resident Tourism: Resident Tourism: Only outbound purchases made in advance of a trip
are included. No resident usage of RI tourism assets.*
• Tourism Spending:Tourism Spending: A TSA concept, includes all spending by all constituents on travel made in the jurisdiction (RI)
• Visitor Spending: Visitor Spending: Spending in the jurisdiction by visitors (accommodations, food & beverage, shopping, transportation, entertainment, other)
• Total Economic Impact: “GDP” definition…spending less value of supply chain purchases made elsewhere. The amount truly retained in jurisdiction.
• Import Leakages:Import Leakages: The value of supply chain purchases made outside of the jurisdiction.
• DirectDirect Spending/Jobs/Wages/Taxes: Spending/Jobs/Wages/Taxes: Industries that “touch” the visitor (e.g. hotels, restaurants, museums,…)
• IndirectIndirect Spending/Jobs/Wages/Taxes: Spending/Jobs/Wages/Taxes: Industries that supply those that touch the visitor
• Induced Induced Spending/Jobs/Wages/Taxes:Spending/Jobs/Wages/Taxes: Workers of industries that touch or supply will spend wages locally
Copyright © 2007 Global Insight, Inc. 13
Travel & Tourism Economy
T&T Industry and Economy
The TSA provides both a narrow & a broad understanding of the Tourism “Industry”
Travel & Tourism EconomyThe flow-through effect of travel demand across the economy
Travel & Tourism IndustryThe direct effect of travel demand
Copyright © 2007 Global Insight, Inc. 14
2006 Rhode Island Tourism Results
Copyright © 2007 Global Insight, Inc. 15
State Overview: Totals At A Glance
Source: Global Insight* Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
Tourism Concept TSATSA + Under 50
Mile VisitorsDifference
VisitsVisits 7.96 M7.96 M 17.46 M 9.50 M
ExpenditureExpenditure $3.69 B$3.69 B $5.38 B $1.69 B
Economic Impact (GSP)Economic Impact (GSP) $2.26 B$2.26 B $3.20 B $940 M
JobsJobs 47,85447,854 70,079 22,225
WagesWages $1.38 B$1.38 B $2.04 B $660 M
TaxesTaxes $860 M$860 M $1,327 M $467 M
Copyright © 2007 Global Insight, Inc. 16
State Overview: Tourism and Under 50Mile Visitors
Source: Global Insight* Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending.
Measurement FY2006 FY2005 Definition
Tourism (TSA) + Under 50Mile Visitor Spending $5.38 B$5.38 B $5.34 B • Spending from all tourism actors
Tourism (TSA) $3.69 B$3.69 B $3.67 B • TSA Definition of State Tourism
Under 50Mile Visitors $1.69 B$1.69 B $1.67 B• Visitors from less than 50 miles that utilize RI tourism assets
Tourism + Under 50Mile Visitors Employment* 58,90058,900 58,921
• Employment required to support core RI tourism activity
Core Tourism Employment* 38,95638,956 39,201
• TSA Definition of Tourism “Industry”
Copyright © 2007 Global Insight, Inc. 17
Industry Structure: Definitions
Source: Global InsightCopyright © 2007 Global Insight, Inc.
17
$5.38 billion
$3.69 billion
$2.26 billion $1.43 billion
$1.71 billion $547 million
Copyright © 2007 Global Insight, Inc. 18
Total Tourism (TSA) Expenditures
• RI visitation grew 2.1% in ‘06 • Spending per visit declined by 0.7% in ‘06
• Leisure travel increased by 4.2% in ’06• Business travel decreased by 6.0% in ‘06
Tourism expenditures tallied $3.69 billion in 2006
Tourism expenditures tallied $3.69 billion in 2006
Source: Global Insight
-0.4% 0.6%
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
2004 2005 2006
$ M
illi
on
Core Tourism
Total Impact
TourismExpenditures
Copyright © 2007 Global Insight, Inc. 19
0
2
4
6
8
10
2004 2005 2006
Business Leisure
Total
(Million Visitors)
Visitors to Rhode Island* Total visitors grew 2.1% in 2006 with a leisure visitors growing at twice that rate.
Total visitors grew 2.1% in 2006 with a leisure visitors growing at twice that rate.
* Visitors from GT 50 miles only, provided by DK Shifflet & Associates, Ltd. Business travel results were estimated by GII.
Copyright © 2007 Global Insight, Inc. 20
Tourism Shows Growth in ‘06
Measurement FY2005
(billions)
FY2006
(billions)2005-06 growth
Tourism (TSA) + Under 50Mile Visitor Expenditures
$5.337 $5.385$5.385 0.9%0.9%
Tourism (TSA) Expenditures $3.668 $3.692$3.692 0.6%0.6%
Total Economic Impact $2.223 $2.257$2.257 1.5%1.5%
Core Tourism (direct) $1.677 $1.709$1.709 1.9%1.9%
Non-Core Tourism $0.546 $0.547$0.547 0.2%0.2%
Import Leakage $1.445 $1.435$1.435 -0.7%-0.7%
Source: Global Insight
Copyright © 2007 Global Insight, Inc. 21
Measurement FY2006 FY2005 % Perspective
Economic Value ($B)Economic Value ($B) Core Tourism Total Impact
$1.71$1.71
$2.26$2.26
$1.68
$2.22
1.9%
1.5%
• Solid growth strengthened by leisure travel
Wages & SalariesWages & Salaries Core Tourism ($M) Total Impact ($M)
$1,031 $1,031
$1,381$1,381
$1,008
$1,357
2.3%
1.8%
• Average annual salary saw 3.0% and 2.3% growth respectively
Employment (‘000)Employment (‘000) Core Tourism Total Impact
38.9638.96
47.8547.85
39.20
48.03
-0.6%
-0.4%
• Core tourism is 4th largest industry in RI
Taxes –Total Impact Taxes –Total Impact ($M)($M) $856$856 $865 -0.6%
• If tourism didn’t exist, each household would pay an additional $1,140 in taxes to maintain current tax receipts.
Numbers may differ due to rounding
2006 Bottom Line:
RI Tourism continues to grow…
Source: Global Insight
Copyright © 2007 Global Insight, Inc. 22
Measurement
2006 2005
% Perspective
RI Domestic Visitation (‘000) 7.96 7.79 2.1% • Leisure visits were very strong RI Tourism (TSA) + Under 50Mile Visitor Spending
$5.38 B $5.34 B 0.9% • Short-haul visitors added $1.69B
RI Tourism (TSA) + Under 50Mile Visitor Jobs (‘000)
70.1 70.2 -0.2%• This definition ranks tourism as 2nd largest industry in state
RI Tourism (TSA) Jobs (‘000) Core Tourism Total Impact
38.96
47.85
39.20
48.03
-0.6%
-0.4%
• Core tourism employment share in RI is much higher than US
RI Tourism (TSA) Wages Core Tourism Total Impact
$1,031
$1,381
$1,008
$1,357
2.3%
1.8%
• Avg. annual wage increased to over $28,872/year
Tourism (TSA) as a % of RI GSP 5.5% 5.7%• Core plus Non-core makes tourism 9th largest industry in RI
RI % of US Tourism Jobs Output
0.9%
0.3%
0.9%
0.3%
-2.0%
-5.0%
• Nationally, jobs were up 1.2% in tourism
2006 RI Tourism Scorecard
Source: Global Insight
Copyright © 2007 Global Insight, Inc. 24
Sources of Tourism Expenditures
• Visitor Spending – Expenditures by visitors who have come from greater
than 50 miles or stayed overnight
• Business Travel – Businesses’ spending within the state economy on travel
• Resident Outbound – Resident spending preparing for an out-of-state trip
• Government Spending – Tourism Office Budgets, transportation functions
related to tourism, publicly funded attractions and funding for security in tourism-
intensive areas
• Investment – Construction of hotels, attractions, tourism infrastructure,
operating and transportation equipment
• International – Spending of international visitors within the state
• Under 50Mile Visitors – Spending by residents or non-residents who have
come from under 50 miles. No commuters or local utilization. Not included in TSA
definition.
Copyright © 2007 Global Insight, Inc. 25
Breaking Down Tourism Expenditures – $3.69 Billion
11% of TSA Expenditures in Rhode Island come from outside of visitor spending.
Million
$
Share
Of
Total
2006
Growth
Investment 248 7% -2%
Visitors 3,303 89% 1%
Other 141 4% 0%
Total 3,692 100% 1%
Source: Global InsightIn State total includes residents, investment, government and internal business
Others4%
Visitors89%
Investment7%
Copyright © 2007 Global Insight, Inc. 26
Category Distribution of Expenditures
Food accounts for the largest share of tourism expenditure for both definitions of expenditures. Combined with accommodation and transportation, these
components represent 64% of TSA related visitor expenditures in Rhode Island.
TSA + <50Mile Million $
TSA Million $
2005-2006 Growth (TSA)
Entertainment** 1,213 751 2.3%
Accommodation 655 655 2.1%
Transportation 670 651 0.6%
Food 1,584 758 2.3%
Shopping 914 528 - 5.1%
Total * $5,037 $3,342 0.7%
* Direct and Indirect Tourism Expenditures (w/o construction & investment)
Source: Global Insight** Entertainment category includes all marina and boating activity
TSA + <50Mile Shares
Entertainment24%
Food32%
Shopping18%
Accommodation
13%
Transportation13%
Copyright © 2007 Global Insight, Inc. 27
Category Distribution of ExpendituresBusiness spending made up just under 26% of total expenditures in 2006,
compared to just under 20% of total visitation. Business expenditures were up 1.1% in 2006, mainly due to a low concentration in Shopping (the worst state-wide
category) and a strong concentration in Food (the best state-wide category).
2006 Totals TSA (Million $)Leisure
(Million $)Business (Million $)
Entertainment** 751 581 170
Accommodation 655 493 162
Transportation 651 527 125
Food 758 421 337
Shopping 528 435 93
Total * $3,342 $2,456 $887
* Direct and Indirect Tourism Expenditures (w/o construction & investment)
Source: Global Insight** Entertainment category includes all marina and boating activity
Copyright © 2007 Global Insight, Inc. 28
Core Tourism
• Answers the question “How does tourism compare with other industries?”
• Core Tourism measures the size of the industry directly providing goods & services to the visitor.
• Indirect effects are excluded – these are part of other supplier industries such as wholesalers. The impact of capital investment is also excluded.
• Core Tourism generated $1.7 billion in economic value in 2006. This ranks core tourism as the 10th largest private industry in RI in terms of Gross State Product.
Copyright © 2007 Global Insight, Inc. 29
Core Tourism – Gross State ProductCore Tourism contributed $1.71 billion in economic value in 2006.
Tourism ranked as the 10th largest private industry in Rhode Island.
Rank Industry Millions $ ’05-’06 Growth
% of State
1 Real Estate and Rental and Leasing 6,516 4.0% 15.8%2 Finance and Insurance 6,051 7.8% 14.7%3 Health Care and Social Assistance 4,313 5.1% 10.5%4 Durables Manufacturing 3,196 3.5% 7.8%5 Retail Trade 2,899 4.2% 7.0%6 Wholesale Trade 2,400 6.2% 5.8%7 Professional, Scientific, and Tech. Services 2,394 6.1% 5.8%8 Construction 2,268 5.3% 5.5%9 Information 1,854 5.6% 4.5%
10 Accommodation and Food Services 1,317 6.1% 3.2%11 Non-Durables Manufacturing 1,242 1.9% 3.0%12 Administrative and Waste Services 1,136 6.6% 2.8%13 Other Services 1,028 5.7% 2.5%14 Educational Services 1,011 6.0% 2.5%15 Management of Companies and Enterprises 957 7.7% 2.3%
Other Industries 2,608 4.7% 6.3%Total 41,189 5.3% 100.0%Government 4,879 4.3%
Travel & Tourism 1,709 1.9% 4.1%
Core Travel & Tourism
would have 4.1% of Rhode Island’s GSP
Core Travel & Tourism
would have 4.1% of Rhode Island’s GSP
Source: Bureau of Economic Analysis and Global Insight
Copyright © 2007 Global Insight, Inc. 30
Core Tourism Impact – CompositionThe TSA model measures how spending of visitors touches
diverse sectors to create the aggregate Core Tourism for Rhode Island.
Composition of Core TourismRank Industry $ Value ’05-’06 % of
(Millions) Growth Total1 Other amusement- gambling- and recreation industries 425 3.7% 24.8%2 Food services and drinking places 371 2.3% 21.7%3 Real estate 258 0.0% 15.1%4 Hotels and motels- including casino hotels 189 5.0% 11.1%5 Automotive equipment rental and leasing 149 0.0% 8.7%6 Travel arrangement and reservation services 107 1.9% 6.2%7 Food and beverage stores 39 -5.1% 2.3%8 Clothing and clothing accessories stores 30 -5.1% 1.7%9 Air transportation 27 0.3% 1.6%10 Spectator sports 25 0.6% 1.5%11 Performing arts companies 18 1.2% 1.0%12 Miscellaneous store retailers 15 -5.1% 0.9%13 Transit and ground passenger transportation 13 15.5% 0.8%14 Gasoline stations 13 -2.7% 0.8%15 Scenic and sightseeing transportation and support 12 11.6% 0.7%
Other Industries 20 -3.3% 1.2%
Total 1,709 1.9% 100.0%Source: Global Insight
Copyright © 2007 Global Insight, Inc. 31
Core Tourism – Employment
• Core Tourism is the 4th largest private sector employer in Rhode Island with 38,956 direct full-time equivalency jobs in 2006.
• Core Tourism generated 7.9% of non-farm state employment in 2006.
• Core Tourism jobs provided $1,031 million in wages & salaries in 2006.
• Core Tourism’s average annual wage has grown to $26,468/year.
Copyright © 2007 Global Insight, Inc. 32
Core Tourism Impact – EmploymentTravel & tourism is RI’s 4th largest private sector employer.
Rank IndustryEmployment(Thousands)
2005-2006
Growth% of State
LQ Index
1 Health Care and Social Assistance 74.05 1.5% 15.0% 1.42 Retail Trade 52.43 -0.1% 10.6% 0.93 Accommodation and Food Services 43.06 0.5% 8.7% 1.14 Professional, Scientific, and Tech. Services 35.54 -1.9% 7.2% 1.35 Administrative and Waste Services 29.42 6.4% 6.0% 1.06 Wholesale Trade 26.25 2.3% 5.3% 1.27 Finance and Insurance 23.07 5.1% 4.7% 1.08 Manufacturing, Nondurables 22.52 -3.0% 4.6% 1.29 Construction 22.30 -0.1% 4.5% 0.8
10 Other Services 21.34 2.1% 4.3% 1.111 Transportation and Warehousing 17.82 -5.8% 3.6% 1.112 Manufacturing, Durables 16.36 -2.0% 3.3% 0.513 Information 10.38 -2.8% 2.1% 0.914 Educational Services 9.64 -0.9% 2.0% 0.915 Management of Companies and Enterprises 9.10 4.3% 1.8% 1.4
Other Industries 15.5 -1.4% 3.1% 0.5State & Local Government 64.8 -0.3% 13.1% 0.9
Total Nonfarm 493.6 0.4% 100.% 1.0
Core Tourism represented
38,956 jobs in 2006.
Core Tourism represented
38,956 jobs in 2006.
Travel & Tourism 39.0 - 0.6% 7.9% 1.8
Tourism’s contribution to RI employment is 1.8 times that of the US in totalSource: Bureau of Labor Statistics and Global Insight
Copyright © 2007 Global Insight, Inc. 33
Core Tourism Impact and Employment
Economic Impact Concept Level
Industry Rank Using Reported
Values
Industry Rank w/ Tourism Removed Level
Industry Rank Using Reported
ValuesIndustry Rank w/
Tourism Removed
Expenditures (Output) $3.69B n/a n/a $5.38B n/a n/a
Value Added or GSP $1.71B 10th 10th$2.48B 6th 6th
Jobs 38,956 4th 3rd58,900 2nd 2nd
Core Tourism (TSA Definition)Core Tourism (TSA plus Under 50 Mile
Visitors)
Removing Tourism components from the major state categories of employment and GSP is enough to move TSA employment up
from 4th to 3rd, as the impact on Accomodation and Food Services is significant, moving that category to 6th overall.
Removing Tourism components from the major state categories of employment and GSP is enough to move TSA employment up
from 4th to 3rd, as the impact on Accomodation and Food Services is significant, moving that category to 6th overall.
Copyright © 2007 Global Insight, Inc. 34
-0.4%1.4%
0
10
20
30
40
50
60
2004 2005 2006
Tho
usan
ds
Nu
mb
er o
f Jo
bs
Total Rhode Island Tourism Employment Down 0.4% in 2006
CoreTourism
TotalImpact
Source: Global Insight
Core Tourism jobs comprise 81% of total tourism-generated employment.Core Tourism jobs comprise 81% of total tourism-generated employment.
Copyright © 2007 Global Insight, Inc. 35
Non-Core Tourism – Indirect BenefitsMany industries not thought of as “tourism” but that supply
goods and services to the industry are beneficiaries of RI tourism.
Indirect Benefits of TourismRank Industry $ Value ’05-’06 % of
(Millions) Growth Total1 Real estate 73 0.7% 9.9%2 Wholesale trade 21 0.0% 2.8%3 Nondepository credit intermediation and related firms 19 1.8% 2.6%4 Power generation and supply 17 1.2% 2.3%5 Monetary authorities and depository credit intermediaries 15 0.8% 2.0%6 Telecommunications 13 0.3% 1.8%7 Legal services 12 1.7% 1.6%8 Maintenance and repair of nonresidential buildings 11 0.4% 1.5%9 Architectural and engineering services 10 0.8% 1.3%10 Management of companies and enterprises 10 1.9% 1.3%11 Food services and drinking places 8 1.8% 1.1%12 Other State and local government enterprises 8 1.6% 1.1%13 Postal service 7 1.0% 1.0%14 Employment services 6 1.1% 0.9%15 Accounting and bookkeeping services 6 2.2% 0.8%
Other Industries 154 1.1% 20.9%Investment 349 0.2% 47.2%
Total 739 0.6% 100.0%Source: Global Insight
Copyright © 2007 Global Insight, Inc. 36
Non-Core Tourism – Construction BenefitsThe Construction sector is also a significant beneficiary of tourism.
Source: FW Dodge
0
300
600
900
1,200
2004 2005 2006
(Millions)
29.7%
- 35.4
Data is “Value of Construction Contracts”, measuring the value of construction at the time when work begins, encompassing total value for entire projects which start or break ground in a given year, excluding ancillary costs such as land acquisition.
Copyright © 2007 Global Insight, Inc. 37
Accommodation – Seasonal 2nd Home
Seasonal 2nd homes are an important part of accommodation expenditure, especially for Washington County.
County
Rental
Income
(M$)
# of Seasonal
2nd Homes
BRISTOL $3.9 280
KENT $11.6 828
NEWPORT $91.8 2,551
PROVIDENCE $32.8 1,172
WASHINGTON $228.4 8,157
Total $368.6 12,988
Source: Global Insight and US Bureau of Census
Copyright © 2007 Global Insight, Inc. 38
Tourism Generated $861M in Total Tax Revenue in 2006
• Tourism activity generated $462 million in state and local government revenue in 2006, a 0.6% decrease over 2005.
• In 2006, $314 million in state tax revenue was generated by the travel & tourism sector in Rhode Island. Indirect business tax (sales tax) and the gaming taxes are the two largest contributors.
• Tourism contributes disproportionately to state revenue. While tourism is responsible for 4.2% of RI GSP, it contributed 10.8% of state government revenue in 2006.
• If tourism didn’t exist, each RI household would pay $1,140 more in taxes to maintain the current level of state and local tax receipts.
Copyright © 2007 Global Insight, Inc. 39
State and Local Government Revenue
Tax Revenues from Tourism 2006 (Million) ’05-’06 GrowthFederal Government
Corporate Profits Tax 85.5 -1.2%Personal Income 122.8 -0.5%Social Security & Other Taxes 189.7 -0.4%
Federal Total 398.1 -0.6%State Government
Corporate Profits Tax 7.6 -1.0%Personal Income 39.0 -0.5%Sales 98.3 -1.4%Licenses & Fees 10.2 -0.6%Gaming Tax 103.9 0.7%Other Taxes 45.4 -1.0%Occupancy Tax 9.6 3.9%
State Total 314.0 -0.4%Local Government
Local Occupancy Taxes 5.7 3.9%Property Taxes 142.0 -1.4%
Local Total 147.7 -1.2%
Total 859.8 -0.6%
Copyright © 2007 Global Insight, Inc. 40
Gross State Product: $3.20 billion 7.8% of GSP
Total Employment: 70,079 jobs 14.2% of Employment
Gross State Product: $2.26 billion
5.5% of GSP
Total Employment: 47,854 jobs
9.7% of Employment
Core GSP: $1.71 billion 4.1% of GSP
Core Employment: 38,965 jobs7.9% of Employment
4th largest private sector employer
How Important?
Total Tourism-related
spending of $5.38 billion
Copyright © 2007 Global Insight, Inc. 41
Talking Points: What Do Visitors Mean to RI?
Each RI visitor/traveler generates about $464 in Each RI visitor/traveler generates about $464 in
expenditures, $53 of which goes to RI businesses that do expenditures, $53 of which goes to RI businesses that do
not directly “touch” that visitornot directly “touch” that visitor
Every 166 visitors creates a new RI jobEvery 166 visitors creates a new RI job
Each visitor creates about $108 in tax receipts, $58 of Each visitor creates about $108 in tax receipts, $58 of
which goes to state & local authoritieswhich goes to state & local authorities
It takes only 239 visitors to pay for one Rhode Island It takes only 239 visitors to pay for one Rhode Island
public school student for one yearpublic school student for one year
Each RI visitor generates $174 in wages paid to RI Each RI visitor generates $174 in wages paid to RI
workers employed across an array of industriesworkers employed across an array of industries
Each visitor adds about $284 to RI Gross State ProductEach visitor adds about $284 to RI Gross State ProductBased on TSA definition of “visitor”.
Copyright © 2007 Global Insight, Inc. 42
Talking Points: What Does the Entire Industry Mean to RI?
Each RI visitor/traveler generates about $308 in Each RI visitor/traveler generates about $308 in
expenditures, $34 of which goes to RI businesses that do expenditures, $34 of which goes to RI businesses that do
not directly “touch” that visitornot directly “touch” that visitor
Every 249 visitors creates a new RI jobEvery 249 visitors creates a new RI job
Each visitor creates about $76 in tax receipts, $43 of Each visitor creates about $76 in tax receipts, $43 of
which goes to state & local authoritieswhich goes to state & local authorities
It takes only 360 visitors to pay for one Rhode Island It takes only 360 visitors to pay for one Rhode Island
public school student for one yearpublic school student for one year
Each RI visitor generates $117 in wages paid to RI Each RI visitor generates $117 in wages paid to RI
workers employed across an array of industriesworkers employed across an array of industries
Each visitor adds about $184 to RI Gross State ProductEach visitor adds about $184 to RI Gross State ProductBased on TSA + Under 50Mile definition of “visitor”.
Copyright © 2007 Global Insight, Inc. 43
2006 Rhode Island TourismRegional Analysis
Copyright © 2007 Global Insight, Inc. 44
Regional Distribution of Tourism
Blackstone Valley• Burrillville• Central Falls• Cumberland• Glocester• Lincoln• North Smithfield• Pawtucket• Smithfield• Woonsocket
Providence • Providence
Warwick • Warwick
Block Island• Block Island
Balance of State• Cranston• Foster• Johnston• North Providence• Scituate• West Warwick
Rhode Island is divided into eight regions in the analysis: Newport County
• Little Compton• Middletown• Newport• Portsmouth• Tiverton• Jamestown
South County • Charlestown• Coventry• East Greenwich• Exeter• Hopkinton• Narragansett• North Kingstown• Richmond• South Kingstown• Westerly• West Greenwich
East Bay• Barrington• Bristol• East Providence• Warren
Copyright © 2007 Global Insight, Inc. 46
4.9%
4.7%
8.4%
15.5%
11.5%
14.1%
14.6%
26.3%
0% 5% 10% 15% 20% 25% 30%
East Bay
Block Island
Balance of State
Blackstone Valley
Warwick
South County
Newport
Providence
Tourism (TSA) Plus Under 50Mile Visitors (Share of State)
Regional Distribution of TSA + Under 50Mile Expenditures
Providence is clearly the leading tourism region. Under the broader definition, Blackstone Valley is the 2nd largest region
Less of a bump from additional Food $ than others
Full accounting of gaming revenues move region to #2
Entertainment and Retail Drive High Spending
Copyright © 2007 Global Insight, Inc. 47
5.0%
6.1%
7.6%
11.8%
12.8%
14.5%
14.9%
27.2%
0% 5% 10% 15% 20% 25% 30%
East Bay
Block Island
Balance of State
Blackstone Valley
Warwick
South County
Newport
Providence
Tourism Expenditure (Share of State)
Regional Distribution of TSA Tourism ExpendituresProvidence remains the leading tourism region.
TSA definitions limit gaming revenue accounting for Newport and Blackstone Valley
Low Retail and Food Relative to Others
Transportation (Airport) is major contributor
Entertainment and Retail Drive High Spending
Seasonal second homes dominate
Copyright © 2007 Global Insight, Inc. 48
Regional Growth in TSA + Under 50Mile Expenditure
-0.5%
2.6%
8.2%
2.2%
-0.5%
-0.5%
1.0%
-0.7%
-3% -1% 1% 3% 5% 7% 9%
East Bay
Block Island
Balance of State
Blackstone Valley
Warwick
South County
Newport
Providence
'05-'06 Growth in Expenditure
Copyright © 2007 Global Insight, Inc. 49
Regional Growth in TSA Tourism Expenditure
-0.4%
3.6%
5.6%
2.0%
-0.7%
-0.3%
0.5%
-0.3%
-2% -1% 0% 1% 2% 3% 4% 5% 6%
East Bay
Block Island
Balance of State
Blackstone Valley
Warwick
South County
Newport
Providence
'05-'06 Growth in Expenditure
Copyright © 2007 Global Insight, Inc. 50
Regional TSA + Under 50Mile Expenditures
Regional Share of State Expenditures by Category ($M)Accomodations Entertainment Food Retail Transportation Total
Balance of State 13.10 45.66 214.57 76.95 70.94 421.22 Blackstone Valley
16.37 396.82 245.77 57.71 65.13 781.80
Block Island 86.49 59.56 22.18 50.57 17.81 236.62 East Bay 6.55 39.07 114.51 47.34 40.76 248.23 Newport 194.31 200.31 218.62 87.71 34.85 735.81 Providence 108.03 319.74 326.12 355.89 212.69 1,322.47 South County 172.79 88.45 253.46 155.32 38.87 708.89 Warwick 57.14 63.79 188.86 82.77 188.49 581.05
Total 654.78 1,213.41 1,584.08 914.26 669.54 5,036.08
Entertainment data includes gaming, spectator sports boating and marina activity and other categories.
Entertainment data includes gaming, spectator sports boating and marina activity and other categories.
Copyright © 2007 Global Insight, Inc. 51
Regional TSA Tourism Expenditures
Regional Share of State Expenditures by Category ($M)Accomodations Entertainment Food Retail Transportation Total
Balance of State 13.10 31.57 96.06 42.25 71.63 254.60 Blackstone Valley
16.37 169.62 109.92 31.69 65.77 393.36
Block Island 86.49 52.60 21.98 29.57 14.33 204.97 East Bay 6.55 35.99 56.86 32.74 36.46 168.60 Newport 194.31 124.49 105.15 48.18 26.15 498.28 Providence 108.03 221.06 170.57 195.40 214.75 909.80 South County 172.79 78.10 111.44 90.83 31.25 484.42 Warwick 57.14 37.14 86.14 57.46 190.84 428.72
Total 654.78 750.57 758.12 528.12 651.17 3,342.76
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data. As the TSA definition of tourism includes any overnight stay, accomodations
results are the same for TSA and TSA + Under 50Mile.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data. As the TSA definition of tourism includes any overnight stay, accomodations
results are the same for TSA and TSA + Under 50Mile.
Copyright © 2007 Global Insight, Inc. 52
Regional Share of Statewide TSA + Under 50Mile Expenditures
Regional Share of State Expenditures by CategoryAccommodation Entertainment Food Shopping Transportation Total
Providence 16.5% 26.4% 20.6% 38.9% 31.8% 26.3%Blackstone Valley
2.5% 32.7% 15.5% 6.3% 9.7% 15.5%
Newport 29.7% 16.5% 13.8% 9.6% 5.2% 14.6%South County 26.4% 7.3% 16.0% 17.0% 5.8% 14.1%Warwick 8.7% 5.3% 11.9% 9.1% 28.2% 11.5%Balance of State 2.0% 3.8% 13.5% 8.4% 10.6% 8.4%East Bay 1.0% 3.2% 7.2% 5.2% 6.1% 4.9%Block Island 13.2% 4.9% 1.4% 5.5% 2.7% 4.7%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Entertainment data includes gaming, spectator sports boating and marina activity and other categories.
Entertainment data includes gaming, spectator sports boating and marina activity and other categories.
Copyright © 2007 Global Insight, Inc. 53
Expenditure Category Share of Regional Tourism SpendingAccommodation Entertainment Food Shopping Transportation Total
Providence 8.2% 24.2% 24.7% 26.9% 16.1% 100.0%Blackstone Valley
2.1% 50.8% 31.4% 7.4% 8.3% 100.0%
Newport 26.4% 27.2% 29.7% 11.9% 4.7% 100.0%South County 24.4% 12.5% 35.8% 21.9% 5.5% 100.0%Warwick 9.8% 11.0% 32.5% 14.2% 32.4% 100.0%Balance of State 3.1% 10.8% 50.9% 18.3% 16.8% 100.0%East Bay 2.6% 15.7% 46.1% 19.1% 16.4% 100.0%Block Island 36.6% 25.2% 9.4% 21.4% 7.5% 100.0%
Total 13.0% 24.1% 31.5% 18.2% 13.3% 100.0%
Regional Share of Statewide TSA + Under 50Mile Expenditures
Warwick’s Transportation share is very high as TF Green Airport revenue is counted here.
Warwick’s Transportation share is very high as TF Green Airport revenue is counted here.
Copyright © 2007 Global Insight, Inc. 54
Regional Share of Statewide TSA Tourism
Regional Share of State Expenditures by CategoryAccommodation Entertainment Food Shopping Transportation Total
Providence 16.5% 29.5% 22.5% 37.0% 33.0% 27.2%Newport 29.7% 16.6% 13.9% 9.1% 4.0% 14.9%South County 26.4% 10.4% 14.7% 17.2% 4.8% 14.5%Warwick 8.7% 4.9% 11.4% 10.9% 29.3% 12.8%Blackstone Valley
2.5% 22.6% 14.5% 6.0% 10.1% 11.8%
Balance of State 2.0% 4.2% 12.7% 8.0% 11.0% 7.6%Block Island 13.2% 7.0% 2.9% 5.6% 2.2% 6.1%East Bay 1.0% 4.8% 7.5% 6.2% 5.6% 5.0%
Total 100% 100% 100% 100% 100% 100%
Accomodation data includes seasonal second home rentals, which creates significant
differences in share from state room tax data. As the TSA definition of tourism includes any
overnight stay, accomodations results are the same for TSA and TSA + Under 50Mile.
Accomodation data includes seasonal second home rentals, which creates significant
differences in share from state room tax data. As the TSA definition of tourism includes any
overnight stay, accomodations results are the same for TSA and TSA + Under 50Mile.
Copyright © 2007 Global Insight, Inc. 55
Regional Share of Statewide TSA Tourism
Expenditure Category Share of Regional Tourism SpendingAccommodation Entertainment Food Shopping Transportation Total
Providence 11.9% 24.3% 18.7% 21.5% 23.6% 100.0%Newport 39.0% 25.0% 21.1% 9.7% 5.2% 100.0%South County 35.7% 16.1% 23.0% 18.8% 6.5% 100.0%Warwick 13.3% 8.7% 20.1% 13.4% 44.5% 100.0%Blackstone Valley
4.2% 43.1% 27.9% 8.1% 16.7% 100.0%
Balance of State 5.1% 12.4% 37.7% 16.6% 28.1% 100.0%Block Island 42.2% 25.7% 10.7% 14.4% 7.0% 100.0%East Bay 3.9% 21.3% 33.7% 19.4% 21.6% 100.0%
Total 19.6% 22.5% 22.7% 15.8% 19.5% 100.0%
Warwick’s Transportation share is very high as TF Green Airport revenue is counted here.
Warwick’s Transportation share is very high as TF Green Airport revenue is counted here.
Copyright © 2007 Global Insight, Inc. 56
TSA + Under 50Mile Growth Rates by Region for 2006
Regional Growth Rates by Category 2006 vs 2005Accomodation Entertainment Food Retail Transportation Grand Total
Balance of State 7.9% 7.4% 12.9% -0.9% 5.8% 8.2%Blackstone Valley
0.7% 2.3% 4.6% -5.7% 0.7% 2.2%
Block Island 7.7% 3.4% 0.1% -4.6% 1.8% 2.6%East Bay 3.9% 1.8% 0.5% -6.1% 0.3% -0.5%Newport 1.8% 0.9% 2.3% -4.6% 3.4% 1.0%Providence 0.8% 1.5% 2.9% -6.4% 0.0% -0.7%South County 0.9% 1.1% 2.0% -6.7% -0.4% -0.5%Warwick 0.3% 0.8% 2.1% -7.0% -0.7% -0.5%
Grand Total 2.1% 1.9% 3.8% -5.7% 0.7% 0.9%
Retail is only sector where all regions saw a drop in 2006. Food saw the strongest and most evenly
distributed category growth.
Retail is only sector where all regions saw a drop in 2006. Food saw the strongest and most evenly
distributed category growth.
Copyright © 2007 Global Insight, Inc. 57
TSA Tourism Growth Rates by Region for 2006
Regional Growth Rates by Category 2006 vs 2005Accomodation Entertainment Food Retail Transportation Grand Total
Balance of State 7.9% 8.0% 7.2% -0.1% 5.7% 5.6%Blackstone Valley
0.7% 2.8% 4.1% -4.9% 0.6% 2.0%
Block Island 7.7% 3.9% -0.4% -3.9% 1.8% 3.6%East Bay 3.9% 2.4% 0.0% -5.3% 0.2% -0.4%Newport 1.8% 0.7% -0.4% -4.7% 3.2% 0.5%Providence 0.8% 2.0% 2.4% -5.6% -0.1% -0.3%South County 0.9% 1.6% 1.5% -6.0% -0.5% -0.3%Warwick 0.3% 1.4% 1.6% -6.2% -0.7% -0.7%
Total 2.1% 2.3% 2.3% -5.1% 0.6% 0.7%
Retail is only sector where all regions saw a drop in 2006. Entertainment saw the strongest and most evenly
distributed category growth.
Retail is only sector where all regions saw a drop in 2006. Entertainment saw the strongest and most evenly
distributed category growth.
Copyright © 2007 Global Insight, Inc. 58
Regional Share of Statewide TSA + Under 50Mile Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Balance of State 8.4% 7.9% 1,374.9Blackstone Valley
15.5% 18.0% 3,148.3
Block Island 4.7% 3.4% 596.9East Bay 4.9% 5.0% 874.5Newport 14.6% 16.8% 2,932.0Providence 26.3% 26.7% 4,663.8South County 14.1% 13.0% 2,263.7Warwick 11.5% 9.2% 1,607.2
Total 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as expensive accomodations in Block Island or high transportation
revenue in Warwick
Biggest variances from spending shares are in regions where there is a dominant category, such as expensive accomodations in Block Island or high transportation
revenue in Warwick
Copyright © 2007 Global Insight, Inc. 59
Regional Share of Statewide TSA Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Balance of State 7.6% 7.9% 627.9Blackstone Valley
11.8% 12.8% 1,014.7
Block Island 6.1% 5.5% 437.5East Bay 5.0% 6.4% 511.1Newport 14.9% 15.4% 1,224.8Providence 27.2% 29.4% 2,337.7South County 14.5% 13.3% 1,060.1Warwick 12.8% 9.3% 742.0
Total 100.0% 100.0% 7,955.8
Biggest variances from spending shares are in regions where there is a dominant category, such as expensive accomodations in Block Island or high transportation
revenue in Warwick
Biggest variances from spending shares are in regions where there is a dominant category, such as expensive accomodations in Block Island or high transportation
revenue in Warwick
Copyright © 2007 Global Insight, Inc. 60
Regional Share of Statewide Core TSA + Under 50Mile Employment
Regional Share of State Tourism EmploymentShare of State Expenditures
Share of Total Employment
Total Employment
Balance of State 8.4% 9.8% 5,780Blackstone Valley
15.5% 10.7% 6,322
Block Island 4.7% 3.3% 1,947East Bay 4.9% 5.9% 3,458Newport 14.6% 12.4% 7,309Providence 26.3% 32.4% 19,111South County 14.1% 8.8% 5,160Warwick 11.5% 16.7% 9,813
Total 100.0% 100.0% 58,900
Biggest variances from spending shares are in regions where with a high concentration in one area, such as entertainment for Blackstone Valley, accomodations for Block Island and
South County, or transportation for Warwick
Biggest variances from spending shares are in regions where with a high concentration in one area, such as entertainment for Blackstone Valley, accomodations for Block Island and
South County, or transportation for Warwick
Copyright © 2007 Global Insight, Inc. 61
Regional Share of Statewide Tourism Employment
Regional Share of State Tourism EmploymentShare of State Expenditures
Share of Total Employment
Total Employment
Balance of State 7.6% 9.3% 3,630Blackstone Valley
11.8% 10.1% 3,930
Block Island 6.1% 3.5% 1,367East Bay 5.0% 6.3% 2,441Newport 14.9% 12.3% 4,782Providence 27.2% 33.5% 13,038South County 14.5% 8.2% 3,208Warwick 12.8% 16.8% 6,559
Total 100.0% 100.0% 38,956
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations in Block Island and South County or high transportation revenue in Warwick
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations in Block Island and South County or high transportation revenue in Warwick
Copyright © 2007 Global Insight, Inc. 62
Accommodation – Seasonal 2nd Home
Seasonal 2nd homes are an important part of accommodation expenditure, especially for those regions part of Washington County.
County
Rental
Income
(mn$)
# of Seasonal
2nd Homes
BRISTOL $3.9 280
KENT $11.6 828
NEWPORT $91.8 2,551
PROVIDENCE $32.8 1,172
WASHINGTON $228.4 8,157
Total $368.6 12,988
Source: Global Insight and US Bureau of Census
Copyright © 2007 Global Insight, Inc. 63
Impact of Seasonal Homes on Accomodations Expenditures
Accomodations Expenditures
Total Accomodations Expenditures ($M)
Accomodations Without Seasonal
Homes ($M)
Difference ($M)
Balance of State 13.10 9.81 3.29Blackstone Valley
16.37 12.26 4.11
Block Island 86.49 8.92 77.57East Bay 6.55 4.77 1.77Newport 194.31 102.48 91.84Providence 108.03 80.92 27.11South County 172.79 17.82 154.97Warwick 57.14 49.24 7.90
Total 654.78 286.22 368.56
Copyright © 2007 Global Insight, Inc. 64
Regional TSA + Under 50Mile Accomodation and State Expenditure Shares
16.5%
2.5%
29.7%
8.7%
2.0%
13.2%
26.3%
8.4%
4.7%
1.0%
26.4%
14.1%
11.5%
14.6%15.5%
4.9%
0%
5%
10%
15%
20%
25%
30%
35%
Providence BlackstoneValley
Newport SouthCounty
Warwick Balance ofState
East Bay BlockIsland
Region Share of State Accommodation
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 65
Regional TSA Tourism Accomodation and State Expenditure Shares
29.7%
26.4%
8.7%
2.5% 2.0%1.0%
27.2%
12.8%11.8%
7.6%
5.0%
13.2%
16.5%
6.1%
14.5%14.9%
0%
5%
10%
15%
20%
25%
30%
35%
Providence Newport SouthCounty
Warwick BlackstoneValley
Balance ofState
BlockIsland
East Bay
Region Share of State Accommodation
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 66
Regional TSA + Under 50Mile Entertainment and State Expenditure Shares
32.7%
16.5%
7.3%
5.3%3.8%
15.5%14.1%
8.4%
4.9%
26.4%
3.2%4.9%
14.6%
26.3%
4.7%
11.5%
0%
5%
10%
15%
20%
25%
30%
35%
Providence BlackstoneValley
Newport SouthCounty
Warwick Balance ofState
East Bay BlockIsland
Region Share of State Entertainment
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 67
Regional TSA Tourism Entertainment and State Expenditure Shares
29.5%
16.6%
10.4%
4.9%
22.6%
4.2%
7.0%
14.5%12.8%
7.6%
4.8%
14.9%
5.0%6.1%
27.2%
11.8%
0%
5%
10%
15%
20%
25%
30%
35%
Providence Newport SouthCounty
Warwick BlackstoneValley
Balance ofState
BlockIsland
East Bay
Region Share of State Entertainment
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 68
Regional TSA + Under 50Mile Transportation and State Expenditure Shares
31.8%
9.7%
5.2% 5.8%
15.5%14.6%
6.1%
10.6%
2.7%
28.2%
4.9% 4.7%
8.4%
11.5%14.1%
26.3%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Providence BlackstoneValley
Newport SouthCounty
Warwick Balance ofState
East Bay BlockIsland
Region Share of State Transportation
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 69
Regional TSA Tourism Transportation and State Expenditure Shares
29.3%
10.1%11.0%
14.9% 14.5%
6.1%
4.0% 4.8%
2.2%
33.0%
5.6%
12.8%
27.2%
11.8%
7.6%
5.0%
0%
5%
10%
15%
20%
25%
30%
35%
Providence Newport SouthCounty
Warwick BlackstoneValley
Balance ofState
BlockIsland
East Bay
Region Share of State Transportation
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 70
Regional TSA + Under 50Mile Food and State Expenditure Shares
16.0%
13.5%
1.4%
26.3%
7.2%
20.6%
11.9%13.8%
15.5%
4.9%
11.5%
15.5%14.1%
4.7%
8.4%
14.6%
0%
5%
10%
15%
20%
25%
30%
Providence BlackstoneValley
Newport SouthCounty
Warwick Balance ofState
East Bay BlockIsland
Region Share of State Food
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 71
Regional TSA Tourism Food and State Expenditure Shares
22.5%
13.9%
11.4%
14.5%
12.7%
2.9%
7.5%
27.2%
12.8%
6.1%
14.7%
5.0%
7.6%
11.8%
14.5%14.9%
0%
5%
10%
15%
20%
25%
30%
Providence Newport SouthCounty
Warwick BlackstoneValley
Balance ofState
BlockIsland
East Bay
Region Share of State Food
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 72
Regional TSA + Under 50Mile Shopping and State Expenditure Shares
38.9%
17.0%
9.1%
15.5% 14.6%
9.6%
5.2% 5.5%
8.4%
6.3%
11.5%14.1%
26.3%
4.7%4.9%
8.4%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Providence BlackstoneValley
Newport SouthCounty
Warwick Balance ofState
East Bay BlockIsland
Region Share of State Shopping
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 73
Regional TSA Tourism Shopping and State Expenditure Shares
37.0%
9.1%
17.2%
10.9%
6.0% 5.6%
14.9%
11.8%
6.2%8.0%
12.8%
5.0%
14.5%
27.2%
6.1%7.6%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Providence Newport SouthCounty
Warwick BlackstoneValley
Balance ofState
BlockIsland
East Bay
Region Share of State Shopping
Region Share of Total State Tourism
Copyright © 2007 Global Insight, Inc. 74
Regional Distribution of Tourism TSA + Under 50mile Visitors
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $16,369 $396,818 $245,766 $57,712 $65,134 $781,79
8 15.5%
2005 $16,262 $388,077 $235,046 $61,185 $64,661 $765,23
1 15.3%
2004 $16,338 $363,146 $225,829 $66,573 $65,952 $737,83
8 14.8%
Blackstone Valley
Copyright © 2007 Global Insight, Inc. 75
Regional Distribution of Tourism (TSA)
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $16,369 $169,619 $109,923 $31,686 $65,765 $393,36
3 11.8%
2005 $16,262 $165,026 $105,632 $33,322 $65,343 $385,58
5 11.6%
2004 $16,338 $154,447 $101,347 $39,706 $65,846 $377,68
3 11.2%
Blackstone Valley
Copyright © 2007 Global Insight, Inc. 76
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Expenditures by Category
Accomodations Entertainment Food Retail Transportation Total
2006 2.5% 32.7% 15.5% 6.3% 9.7% 15.5%2005 2.5% 32.6% 15.4% 6.3% 9.7% 15.3%2004 2.5% 32.4% 15.3% 6.3% 9.8% 14.8%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Blackstone Valley
Copyright © 2007 Global Insight, Inc. 77
Regional Share of Statewide Tourism (TSA)
Expenditure Category Share of Regional Tourism Spending
Accomodations Entertainment Food Retail Transportation Total
2006 2.5% 22.6% 14.5% 6.0% 10.1% 11.8%2005 2.5% 22.5% 14.3% 6.0% 10.1% 11.6%2004 2.5% 22.4% 14.2% 6.0% 10.1% 11.2%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Blackstone Valley
Copyright © 2007 Global Insight, Inc. 78
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Blackstone Valley
15.5% 18.0% 3,148.3
State 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Copyright © 2007 Global Insight, Inc. 79
Regional Share of Statewide Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Blackstone Valley
11.8% 12.8% 1,014.7
State 100.0% 100.0% 7,995.9
Copyright © 2007 Global Insight, Inc. 80
Regional Distribution of Tourism TSA + Under 50mile Visitors
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $86,493 $59,563 $22,179 $50,568 $17,814 $236,61
7 4.7%
2005 $80,302 $57,612 $22,152 $53,023 $17,491 $230,57
9 4.6%
2004 $80,679 $53,911 $17,885 $57,692 $17,840 $228,00
6 4.6%
Block Island
Copyright © 2007 Global Insight, Inc. 81
Regional Distribution of Tourism (TSA)
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $86,493 $52,597 $21,984 $29,573 $14,325 $204,97
1 6.1%
2005 $80,302 $50,611 $22,062 $30,759 $14,077 $197,81
0 6.0%
2004 $80,679 $47,366 $21,167 $36,652 $14,185 $200,04
9 5.9%
Block Island
Copyright © 2007 Global Insight, Inc. 82
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Expenditures by Category
Accomodations Entertainment Food Retail Transportation Total
2006 13.2% 4.9% 1.4% 5.5% 2.7% 4.7%2005 12.5% 4.8% 1.5% 5.5% 2.6% 4.6%2004 12.4% 4.8% 1.2% 5.5% 2.7% 4.6%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Block Island
Copyright © 2007 Global Insight, Inc. 83
Regional Share of Statewide Tourism (TSA)
Expenditure Category Share of Regional Tourism Spending
Accomodations Entertainment Food Retail Transportation Total
2006 13.2% 7.0% 2.9% 5.6% 2.2% 6.1%2005 12.5% 6.9% 3.0% 5.5% 2.2% 6.0%2004 12.4% 6.9% 3.0% 5.5% 2.2% 5.9%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Block Island
Copyright © 2007 Global Insight, Inc. 84
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Block Island 4.7% 3.4% 596.9
State 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Copyright © 2007 Global Insight, Inc. 85
Regional Share of Statewide Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Block Island 6.1% 5.5% 437.5
State 100.0% 100.0% 7,995.9
Copyright © 2007 Global Insight, Inc. 86
Regional Distribution of Tourism TSA + Under 50mile Visitors
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $6,548 $39,074 $114,507 $47,340 $40,759 $248,22
8 4.9%
2005 $6,299 $38,366 $113,913 $50,390 $40,625 $249,59
3 5.0%
2004 $6,328 $35,902 $111,990 $54,827 $41,436 $250,48
3 5.0%
East Bay
Copyright © 2007 Global Insight, Inc. 87
Regional Distribution of Tourism (TSA)
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $6,548 $35,990 $56,857 $32,742 $36,464 $168,60
0 5.0%
2005 $6,299 $35,156 $56,833 $34,571 $36,375 $169,23
3 5.1%
2004 $6,328 $32,902 $54,527 $41,194 $36,655 $171,60
6 5.1%
East Bay
Copyright © 2007 Global Insight, Inc. 88
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Expenditures by Category
Accomodations Entertainment Food Retail Transportation Total
2006 1.0% 3.2% 7.2% 5.2% 6.1% 4.9%2005 1.0% 3.2% 7.5% 5.2% 6.1% 5.0%2004 1.0% 3.2% 7.6% 5.2% 6.2% 5.0%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
East Bay
Copyright © 2007 Global Insight, Inc. 89
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Expenditure Category Share of Regional Tourism Spending
Accomodations Entertainment Food Retail Transportation Total
2006 1.0% 4.8% 7.5% 6.2% 5.6% 5.0%2005 1.0% 4.8% 7.7% 6.2% 5.6% 5.1%2004 1.0% 4.8% 7.6% 6.2% 5.6% 5.1%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
East Bay
Copyright © 2007 Global Insight, Inc. 90
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)East Bay 4.9% 5.0% 874.5
State 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Copyright © 2007 Global Insight, Inc. 91
Regional Share of Statewide Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)East Bay 5.0% 6.4% 511.1
State 100.0% 100.0% 7,995.9
Copyright © 2007 Global Insight, Inc. 92
Regional Distribution of Tourism TSA + Under 50mile Visitors
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $194,314 $200,312 $218,622 $87,710 $34,850 $735,80
9 14.6%
2005 $190,806 $198,608 $213,718 $91,987 $33,704 $728,82
3 14.6%
2004 $196,664 $193,836 $217,007 $96,450 $26,005 $729,96
1 14.7%
Newport
Copyright © 2007 Global Insight, Inc. 93
Regional Distribution of Tourism (TSA)
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $194,314 $124,488 $105,152 $48,179 $26,148 $498,28
1 14.9%
2005 $190,806 $123,609 $105,573 $50,566 $25,334 $495,88
9 14.9%
2004 $196,664 $118,502 $104,946 $60,863 $25,321 $506,29
6 15.0%
Newport
Copyright © 2007 Global Insight, Inc. 94
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Expenditures by Category
Accomodations Entertainment Food Retail Transportation Total
2006 29.7% 16.5% 13.8% 9.6% 5.2% 14.6%2005 29.8% 16.7% 14.0% 9.5% 5.1% 14.6%2004 30.3% 17.3% 14.7% 9.2% 3.9% 14.7%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Newport
Copyright © 2007 Global Insight, Inc. 95
Regional Share of Statewide Tourism (TSA)
Expenditure Category Share of Regional Tourism Spending
Accomodations Entertainment Food Retail Transportation Total
2006 29.7% 16.6% 13.9% 9.1% 4.0% 14.9%2005 29.8% 16.8% 14.2% 9.1% 3.9% 14.9%2004 30.3% 17.2% 14.7% 9.2% 3.9% 15.0%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Newport
Copyright © 2007 Global Insight, Inc. 96
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Newport 14.6% 16.8% 2,932.0
State 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Copyright © 2007 Global Insight, Inc. 97
Regional Share of Statewide Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Newport 14.9% 15.4% 1,224.8
State 100.0% 100.0% 7,995.9
Copyright © 2007 Global Insight, Inc. 98
Regional Distribution of Tourism TSA + Under 50mile Visitors
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand TotalShare
of State
2006 $108,034 $319,743 $326,120 $355,889 $212,687 $1,322,474
27.2%
26.3%
2005 $107,151 $315,015 $317,067 $380,103 $212,704 $1,332,040
27.6%
26.7%
2004 $107,654 $294,778 $309,737 $413,571 $216,950 $1,342,689
27.8%
27.0%
Providence
Copyright © 2007 Global Insight, Inc. 99
Regional Distribution of Tourism (TSA)
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of
State
2006 $108,034 $221,056 $170,571 $195,395 $214,746 $909,802 27.2%
2005 $107,151 $216,662 $166,630 $207,007 $214,947 $912,396 27.5%
2004 $107,654 $202,772 $159,869 $246,669 $216,601 $933,565 27.7%
Providence
Copyright © 2007 Global Insight, Inc. 100
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Expenditures by Category
Accomodations Entertainment Food Retail Transportation Total
2006 16.5% 26.4% 20.6% 38.9% 31.8% 26.3%2005 16.7% 26.5% 20.8% 39.2% 32.0% 26.7%2004 16.6% 26.3% 21.0% 39.3% 32.4% 27.0%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Providence
Copyright © 2007 Global Insight, Inc. 101
Regional Share of Statewide Tourism (TSA)
Expenditure Category Share of Regional Tourism Spending
Accomodations Entertainment Food Retail Transportation Total
2006 16.5% 29.5% 22.5% 37.0% 33.0% 27.2%2005 16.7% 29.5% 22.5% 37.2% 33.2% 27.5%2004 16.6% 29.4% 22.4% 37.2% 33.2% 27.7%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Providence
Copyright © 2007 Global Insight, Inc. 102
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Providence 26.3% 26.7% 4,663.8
State 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Copyright © 2007 Global Insight, Inc. 103
Regional Share of Statewide Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Providence 27.2% 29.4% 2,337.7
State 100.0% 100.0% 7,995.9
Copyright © 2007 Global Insight, Inc. 104
Providence Convention Data
• Data covers RI Convention Center Non-business data
removed from RICC totals
Primary exclusion are the Public Shows
• FY’07 Attendees drop due to a 28,000 decrease (52%) in Trade Shows attendance. Revenue from Trade
Shows was down 26% Revenue from Meetings
was up 39%
Revenue Attendees
FY ‘07 $5,756,185 90,602
FY ‘06 $5,401,410 120,066
FY ‘05 $5,303,260 119,093
Copyright © 2007 Global Insight, Inc. 105
Regional Distribution of Tourism TSA + Under 50mile Visitors
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $172,789 $88,450 $253,461 $155,319 $38,867 $708,88
7 14.1%
2005 $171,252 $87,481 $248,514 $166,531 $39,021 $712,79
9 14.3%
2004 $172,056 $81,861 $238,162 $181,194 $39,800 $713,07
4 14.3%
South County
Copyright © 2007 Global Insight, Inc. 106
Regional Distribution of Tourism (TSA)
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $172,789 $78,105 $111,441 $90,833 $31,255 $484,42
2 14.5%
2005 $171,252 $76,850 $109,789 $96,605 $31,405 $485,90
1 14.6%
2004 $172,056 $71,923 $105,334 $115,114 $31,647 $496,07
4 14.7%
South County
Copyright © 2007 Global Insight, Inc. 107
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Expenditures by Category
Accomodations Entertainment Food Retail Transportation Total
2006 26.4% 7.3% 16.0% 17.0% 5.8% 14.1%2005 26.7% 7.3% 16.3% 17.2% 5.9% 14.3%2004 26.5% 7.3% 16.1% 17.2% 5.9% 14.3%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
South County
Copyright © 2007 Global Insight, Inc. 108
Regional Share of Statewide Tourism (TSA)
Expenditure Category Share of Regional Tourism Spending
Accomodations Entertainment Food Retail Transportation Total
2006 26.4% 10.4% 14.7% 17.2% 4.8% 14.5%2005 26.7% 10.5% 14.8% 17.4% 4.9% 14.6%2004 26.5% 10.4% 14.7% 17.3% 4.9% 14.7%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
South County
Copyright © 2007 Global Insight, Inc. 109
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)South County 14.1% 13.0% 2,263.7
State 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Copyright © 2007 Global Insight, Inc. 110
Regional Share of Statewide Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)South County 14.5% 13.3% 1,060.1
State 100.0% 100.0% 7,995.9
Copyright © 2007 Global Insight, Inc. 111
Regional Distribution of Tourism TSA + Under 50mile Visitors
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $57,138 $63,788 $188,859 $82,771 $188,494 $581,05
0 11.5%
2005 $56,969 $63,253 $185,036 $88,977 $189,735 $583,97
0 11.7%
2004 $57,236 $59,190 $181,975 $96,811 $193,522 $588,73
3 11.8%
Warwick
Copyright © 2007 Global Insight, Inc. 112
Regional Distribution of Tourism (TSA)
$(000)Accomodation
sEntertainmen
tFood Retail
Transportation
Grand Total
Share of State
2006 $57,138 $37,143 $86,138 $57,462 $190,839 $428,71
9 12.8%
2005 $56,969 $36,641 $84,799 $61,272 $192,258 $431,93
9 13.0%
2004 $57,236 $34,292 $81,358 $73,012 $193,738 $439,63
6 13.0%
Warwick
Copyright © 2007 Global Insight, Inc. 113
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Expenditures by Category
Accomodations Entertainment Food Retail Transportation Total
2006 8.7% 5.3% 11.9% 9.1% 28.2% 11.5%2005 8.9% 5.3% 12.1% 9.2% 28.5% 11.7%2004 8.8% 5.3% 12.3% 9.2% 28.9% 11.8%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Warwick
Copyright © 2007 Global Insight, Inc. 114
Regional Share of Statewide Tourism (TSA)
Expenditure Category Share of Regional Tourism Spending
Accomodations Entertainment Food Retail Transportation Total
2006 8.7% 4.9% 11.4% 10.9% 29.3% 12.8%2005 8.9% 5.0% 11.4% 11.0% 29.7% 13.0%2004 8.8% 5.0% 11.4% 11.0% 29.7% 13.0%
State 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Accomodation data includes seasonal second home rentals, which creates significant differences in share
from state room tax data.
Warwick
Copyright © 2007 Global Insight, Inc. 115
Regional Share of Statewide Tourism TSA + Under 50mile Visitors
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Warwick 11.5% 9.2% 1,607.2
State 100.0% 100.0% 17,461.4
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Biggest variances from spending shares are in regions where there is a dominant category, such as
accomodations or high transportation revenue.
Copyright © 2007 Global Insight, Inc. 116
Regional Share of Statewide Tourism Visitation
Regional Share of State Visitors
Share of Expenditures Share of VisitationTotal Visitors
(000)Warwick 12.8% 9.3% 742.0
State 100.0% 100.0% 7,995.9