Economic Factors in Tourism

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Typically, businesses support activities that attract tourists to the area. Special events such as festivals, fairs and concerts bring in tourists, who typically spend money while they are visiting the area.

Spending

In addition to visiting and spending money at the special event, tourists will commonly spend money at local restaurants, hotels and stores.

Business Boon

Tourism provides businesses with extra revenue as well as income for the employees who work during the event.

Employment

Employees are needed to set up, maintain, and sell tickets and concessions at special events.

Taxes

National, state and local governments charge a tax on sales and wages generated by the tourists.

Sudden Population Growth

While attracting tourists may be a positive move, the area must be prepared to handle logistical issues that may be caused by a sudden population growth, including a possible rise in crime, more traffic congestion and accidents, and a lack of parking.

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