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Oregon Travel and Tourism - July 2016

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Oregon Travel and Tourism - July 2016

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The Oregon Office of Economic Analysis presented an overview of the travel and tourism industry to the Transient Lodging Tax Workgroup on July 11th, 2016. The workgroup was setup following the passage of HB 4146 which raised the statewide lodging tax. Topic covered include consumer spending on tourism, demographics, employment, geographic footprint of the industry, wages and the outlook.

The Oregon Office of Economic Analysis presented an overview of the travel and tourism industry to the Transient Lodging Tax Workgroup on July 11th, 2016. The workgroup was setup following the passage of HB 4146 which raised the statewide lodging tax. Topic covered include consumer spending on tourism, demographics, employment, geographic footprint of the industry, wages and the outlook.

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Oregon Travel and Tourism - July 2016

  1. 1. OFFICE OF ECONOMIC ANALYSIS Tourism and Oregon’s Economy July 11th, 2016 Oregon Office of Economic Analysis Mark McMullen Josh Lehner 1
  2. 2. OFFICE OF ECONOMIC ANALYSIS Macro Trends 2
  3. 3. OFFICE OF ECONOMIC ANALYSIS Hitting the Road 3 Source: BEA
  4. 4. OFFICE OF ECONOMIC ANALYSIS Hotel & Motel Spending 4
  5. 5. OFFICE OF ECONOMIC ANALYSIS Oregon Trends 5
  6. 6. OFFICE OF ECONOMIC ANALYSIS Back to Peak Employment 6
  7. 7. OFFICE OF ECONOMIC ANALYSIS Oregon Boom & Bust 7
  8. 8. OFFICE OF ECONOMIC ANALYSIS Regional Overview 8
  9. 9. OFFICE OF ECONOMIC ANALYSIS Low Productivity 9
  10. 10. OFFICE OF ECONOMIC ANALYSIS Result is (Very) Low Wages 10 Statewide Avg: $48,300 Travel/Tourism: $20,600
  11. 11. OFFICE OF ECONOMIC ANALYSIS Large Employment Sector 11
  12. 12. OFFICE OF ECONOMIC ANALYSIS Spread Throughout the State 12
  13. 13. OFFICE OF ECONOMIC ANALYSIS Can Be Very Important Sector 13
  14. 14. OFFICE OF ECONOMIC ANALYSIS Broader Impacts Too 14
  15. 15. OFFICE OF ECONOMIC ANALYSIS Outlook 15
  16. 16. OFFICE OF ECONOMIC ANALYSIS Tourism Spending By Age 16 Sources: Oregon Office of Economic Analysis, BLS
  17. 17. OFFICE OF ECONOMIC ANALYSIS Lodging Spending by Age 17
  18. 18. OFFICE OF ECONOMIC ANALYSIS Boomers Account For Half of Spending on Lodging 18
  19. 19. OFFICE OF ECONOMIC ANALYSIS Lodging Taxes Are Less Regressive Than Most Other Sales Taxes… 19
  20. 20. OFFICE OF ECONOMIC ANALYSIS …But More Volatile 20 Source: BEA
  21. 21. OFFICE OF ECONOMIC ANALYSIS Demographics and the Outlook 21
  22. 22. OFFICE OF ECONOMIC ANALYSIS 22 For More Information Standard Contact: 155 Cottage Street NE Salem, OR 97301 (503) 378-3405 oea.info@state.or.us www.oregon.gov/das/oea Social Media: www.OregonEconomicAnalysis.com @OR_EconAnalysis

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