Oregon Travel and Tourism - July 2016
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OFFICE OF ECONOMIC ANALYSIS Tourism and Oregon’s Economy July 11 th , 2016 Oregon Office of Economic Analysis Mark McMullen Josh Lehner 1
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Transcript of Oregon Travel and Tourism - July 2016
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) [email protected]/das/oea
Social Media: www.OregonEconomicAnalysis.com @OR_EconAnalysis
