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Economic Impact of Travel & Tourism 2014 Annual Update: Summary

by WTTC & Oxford Economics

The 2014 annual report from WTTC, and produced with Oxford Economics, shows that 2013 was another successful year for the Travel & Tourism sector off the back of an improving economy. Travel & Tourism’s total contribution to global GDP grew by 3.0% in 2013, faster than overall economic growth for the third consecutive year and outperforming other global sectors such as manufacturing, retail and distribution, public services and financial and business services.  View the report HERE.

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The Tax Burden on US Travel & Tourism

by WTTC and Oxford Economics

WTTC has researched the proportion of taxation paid by the industry in the USA, compared to other sectors and the findings show that the US travel industry is taxed at a higher rate than other sectors. For more on this study, click HERE.

 


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The Cost to Pennsylvania’s Economy Resulting From School Starting Before Labor Day

by the Pennsylvania Legislative Budget & Finance Committee

A Pennsylvania State Legislature sponsored Study of the economic impacts that could be acquired with a return to a Traditional Post-Labor Day School Start. Pretty freakin' substantial. Click HERE to download the PDF.

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Meetings Deliver: The Business Value of Meetings and Events

by MPI and Roger Rickard

Meetings drive sales and profitability for business and enable organizations to deliver on key strategic objectives. They serve as a catalyst for education and professional development, motivation, behavior change and concrete action. And for the hundreds of local economies that rely on the meetings economy, conferences create jobs and tax revenues wherever participants gather. Meeting professionals have known this for years. Now they can prove it. 

This recorded Webinar with Roger Rickard combines the findings of several reports that confirm that "Meetings Deliver."

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The ROI of DMO Promotion on State and Local Tax Collections

by the Ball State University Center for Business and Economic Research

The 2008 study by Ball State University researchers found that, for every dollar of DMO promotion, state and local tax revenues increased $15. Click HERE to download the PDF. Thanks to Irving CVB CEO Maura Gast for the catch and Southern Indiana Clark-Floyd Counties CTB CEO Jim Epperson for the link.  

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