New Hampshire is a small state located in the northeastern part of the United States. It is known for its stunning natural beauty, quaint towns, and historic sites.
But how much of New Hampshire’s economy is driven by tourism? Let’s take a closer look.
Overview
Tourism is a significant contributor to New Hampshire’s economy. In fact, it is one of the state’s largest industries. According to the New Hampshire Department of Business and Economic Affairs, the tourism industry generates over $5 billion in revenue each year and supports over 50,000 jobs.
Visitor Spending
One way to measure the impact of tourism on an economy is by looking at visitor spending. In New Hampshire, visitors spend money on various things such as lodging, food, transportation, and activities.
According to a report by the University of New Hampshire’s Institute for New Hampshire Studies, visitors spent $5.5 billion in the state in 2019. This spending supported approximately 48,000 jobs and generated $285 million in tax revenue.
Some of the top activities that visitors enjoy in New Hampshire include skiing and snowboarding during the winter months and hiking and camping during the summer months.
Employment
Tourism also plays a significant role in providing employment opportunities in New Hampshire. As mentioned earlier, over 50,000 jobs are supported by this industry.
These jobs range from hotel staff to restaurant workers to outdoor guides. Many of these positions are seasonal but they provide important income for individuals and families during peak tourism months.
The Future
The COVID-19 pandemic had a significant impact on New Hampshire’s tourism industry as it did with all other industries across the world. However, with vaccinations becoming more prevalent and travel restrictions easing up slowly but surely across states within US borders & beyond – there is hope that tourism will bounce back soon.
Conclusion
In conclusion, tourism is a crucial part of New Hampshire’s economy. It generates billions of dollars in revenue each year, supports tens of thousands of jobs and provides visitors with the opportunity to experience all that this beautiful state has to offer. With the right planning and support, tourism will continue to be an important driver of economic growth in New Hampshire for years to come.