Governor Northam Announces Tourism Revenues Reached $26 Billion in Virginia in 2018
Monday June 10, 2019
Governor Ralph Northam today announced that Virginia’s tourism industry generated $26 billion in visitor spending across all communities in 2018, a 4.4 percent increase over 2017. In 2018, tourism in Virginia supported 234,000 jobs for Virginia communities—a 1 percent increase from 2017. The tourism industry also provided $1.8 billion in state and local revenue, an increase of 2.9 percent compared to 2017. The travel industry is the fifth largest employer in Virginia.
With Virginia is for Lovers celebrating its 50th anniversary in 2019, Virginia Tourism Corporation took the opportunity to look back on historic economic impact data. The economic impact of travel in the Commonwealth has grown from $1.3 billion ($8.6 billion in 2018 dollars) in 1969 to $26 billion in 2018 with a compound annual growth rate of 6.4 percent.
“Virginia’s tourism industry continues to transform communities across the Commonwealth by stimulating our local economies, generating positive growth, and creating jobs and opportunity for our citizens,” said Governor Northam. “From coast to cliff, Virginia’s rich history, charming small towns, booming culinary scene, beautiful mountain vistas and warm, sunny beaches have positioned the Commonwealth to be a premier travel destination in the United States. As we look ahead to the next 50 years, we invite visitors from across the country and the around the world to discover for themselves why Virginia is for Lovers.”
The iconic slogan “Virginia is for Lovers,” was developed in 1969 by Richmond-based advertising firm Martin & Woltz (now the Martin Agency). Destinations across the Commonwealth are participating in the commemoration of 50 Years of LOVE, and celebrating the important impact tourism has on Virginia’s economy and communities. Over the past 50 years, the tourism industry has continued to grow each year. In 2018, domestic travelers spent $71 million a day in Virginia, which represents a 4.4 percent increase over 2017. Domestic travel-supported employees in Virginia earned $6.1 billion in payroll income during 2018, representing a 3 percent increase from 2017.
“Tourism touches so many industries and citizens across the Commonwealth, from our winemakers making a mark on the viticulture world to oyster farmers revitalizing the Chesapeake Bay; from James Beard-nominated chefs to outdoor recreation outfitters; from quaint B&Bs to our sprawling resorts—folks behind the tourism industry are making an enormous impact on Virginia’s economy, our communities, and our quality of life,” said Secretary of Commerce and Trade Brian Ball. “As we celebrate 50 Years of LOVE in 2019, the future is bright for the tourism industry in Virginia.”
The Virginia Tourism Corporation is the state agency responsible for marketing Virginia to visitors and promoting the Virginia is for Lovers brand, which celebrates 50 years in 2019. Virginia is for Lovers is the longest-running state tourism slogan in the country.
The Virginia Tourism Corporation receives its annual economic impact data from the U.S. Travel Association. The information is based on domestic visitor spending (travelers from within the United States) from per-person trips taken 50 miles or more away from home.