Virginia Beach is a popular tourist destination in the Eastern United States, attracting millions of visitors annually. As a result, the city generates significant revenue from tourism. In this article, we’ll take a closer look at just how much money Virginia Beach makes from its tourism industry.
The Tourism Industry in Virginia Beach
Virginia Beach’s tourism industry is one of the largest contributors to its economy. The city offers a wide range of attractions and activities for visitors, including beaches, museums, aquariums, amusement parks, and more. In addition to these attractions, Virginia Beach also hosts numerous events throughout the year that draw large crowds.
The Economic Impact of Tourism in Virginia Beach
According to a report by the Virginia Tourism Corporation, tourism generated $2.1 billion in economic impact for Virginia Beach in 2019 alone. This includes direct spending by tourists on lodging, food and beverage, transportation, and other expenses.
Employment Opportunities Created by Tourism
In addition to generating revenue for local businesses and the city government through taxes and fees, tourism also creates job opportunities for residents of Virginia Beach. According to the same report by the Virginia Tourism Corporation, over 14,000 jobs were supported by tourism in Virginia Beach in 2019.
Factors Driving Tourism in Virginia Beach
Several factors contribute to the popularity of Virginia Beach as a tourist destination. One major factor is its location – situated on the Atlantic coast with miles of beaches and access to water sports like fishing and boating. The city also has a vibrant nightlife scene with numerous bars and restaurants catering to tourists.
Another factor driving tourism is the variety of attractions available for visitors. Families can enjoy amusement parks like Ocean Breeze Waterpark or Busch Gardens Williamsburg while history buffs can explore sites like Jamestown Settlement or Colonial Williamsburg.
Conclusion
Virginia Beach’s tourism industry is a vital component of its economy, generating billions of dollars in economic impact and supporting thousands of jobs. The city’s location, attractions, and events all contribute to its popularity as a tourist destination. As Virginia Beach continues to attract visitors from around the world, the city’s tourism industry is likely to remain a key driver of its economic growth.