OFFICE OF ECONOMIC ANALYSIS

Tourism and Oregon’s Economy

July 11th, 2016 Oregon Office of Economic AnalysisMark McMullen

Josh Lehner1

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Macro Trends

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Hitting the Road

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Source: BEA

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Hotel & Motel Spending

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Oregon Trends

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Back to Peak Employment

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Oregon Boom & Bust

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Regional Overview

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Low Productivity

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Result is (Very) Low Wages

Statewide Avg: $48,300Travel/Tourism: $20,600

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Large Employment Sector

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Spread Throughout the State

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Can Be Very Important Sector

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Broader Impacts Too

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Outlook

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Tourism Spending By Age

16Sources: Oregon Office of Economic Analysis, BLS

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Lodging Spending by Age

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Boomers Account For Half of Spending on Lodging

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Lodging Taxes Are Less Regressive Than Most Other Sales Taxes…

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…But More Volatile

20Source: BEA

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Demographics and the Outlook

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For More InformationStandard Contact:155 Cottage Street NESalem, OR 97301(503) 378-3405oea.info@state.or.uswww.oregon.gov/das/oea

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