Tourism Economics, an Oxford Economics company headquartered in Philadelphia, recently reported on economic growth in several key areas related to Maryland tourism for the calendar year 2013. Some of the highlights of the report include:
- The Maryland visitor economy continued to expand in 2013 as tourism industry sales rose 3.2%.
- Visitor volumes rose 2.2% reaching 36.6 million visitors in 2013.
- Visitor spending has grown by more than 3% for four straight years — and expanded more than 21% since the recession.
- Visitors spent $15.4 billion in Maryland in 2013, up from $15.0 billion in 2012.
- This spending generated $26.2 billion in total business sales throughout all industries in Maryland in 2013.
Oxford Economics is one of the world’s leading providers of economic analysis, forecasts and consulting advice. Founded in 1981 as a joint venture with Oxford University’s business college, Oxford Economics is renowned for its reputation for high quality, quantitative analysis and evidence-based advice.
Click here to review the full report, including information specific to Allegany County.