Cleveland Ohio
The Economic Impact of Motorcoach Tourism in Greater Cleveland Ohio Prepared by GuerrillaEconomics, LLC Prepared for The American Bus Association Foundation The Greater Cleveland Convention and Visitors Bureau August 29, 2006 Executive Summary About 100 companies sent as many as 4,625 motorcoaches to the Greater Cleveland area in 2005. These buses carried approximately 34,275 overnight guests and 198,800 day-trippers. In sum, about $24.6 million was spent on or by guests coming to Cleveland by motorcoach in 2005. Of this, $8.9 million was spent on food and beverages, $7.15 million on retail purchases, $5.2 million on admissions fees to attractions and almost $1.3 million on arts. In addition to this spending on the tourism sector, motorcoach operators spend as much as $4.3 million in Cleveland on operational expenses like fuel, parking or repairs. The direct spending supported as many as 630 jobs in the local economy (see table below). The total economic impact of motorcoach tourism was over $16.7 million. Summary of Total Economic Impact1 by Industry 2 Motorcoach Tourism in Greater Cleveland Ohio Industry Employment Value Added Compensation Totals 630.7 $ 16,719,619 $ 10,953,544 Restaurants and Bars 266.1 $ 4,258,758 $ 2,938,798 Amusement and Recreation 174.7 $ 3,422,449 $ 2,287,691 Retail Trade 63.5 $ 2,773,918 $ 1,662,816 Lodging 21.9 $ 711,575 $ 433,226 Motor Transportation Related Services 44.5 $ 2,326,326 $ 1,388,465 All Other 60.0 $ 3,226,593 $ 2,242,548 It is estimated that $2.369 million in state and local tax revenues were generated from motorcoach based tourism in the Greater Cleveland area.
[Show full text]