Kentucky Tourism Industry Generated $14.5 Billion in 2016
The economic impact of Kentucky’s tourism industry has grown to more than $14.5 billion in 2016, Department of Tourism Commissioner Kristen Branscum announced today. Kentucky’s tourism industry has experienced the strongest overall economic impact growth rate the state has seen since 2005. All nine of the state’s tourism regions registered gains again in 2016.
From 2015 to 2016, Henderson County saw a 2.6% increase in tourist spending, generating $63,550,037 in direct tourist spending. Tourist spending in Henderson County alone has increased every year for the past six years, providing tax relief on Henderson County households. In other words, if tourism did not exist, each of the 18,742 Henderson County household would have paid $558 more in local and state taxes in the year 2016 to replace the taxes generated by tourist spending (click to see full Henderson County report).
“Spending by visitors has strengthened Henderson’s economy by creating jobs, supporting local businesses from restaurants to lodging and generating tax revenues to support our community,” said Abby Dixon, Executive Director of the Henderson County Tourist Commission. Tourism activity in Henderson County last year supported 1,093 jobs.
“A vibrant tourism industry, means a vibrant Kentucky,” Commissioner Kristen Branscum said. “The natural beauty of our state provides unlimited opportunities for visitors to experience recreation or leisure activities around every corner. The economic impact numbers for 2016 reinforce the fact that the tourism industry is a vital economic driver for Kentucky.”
Kentucky’s tourism industry generated $14.5 billion in economic impact during 2016, an increase of over five percent from $13.7 billion in 2015. The industry supported nearly 193,000 jobs and generated more than $1.5 billion in tax revenue, with $195.1 million going directly to local communities. The full tourism economic impact study is available at http://bit.ly/2qEcNKU.
The Kentucky Department of Tourism continues to build upon Kentucky’s signature tourism industries of horses, bourbon, music, arts, outdoors and culinary to reach new audiences and present Kentucky as a top-level destination for visitors internationally and domestically.
To learn more about Kentucky tourism, visit kentuckytourism.com.