Book Publishing — The Souza Agency, Inc.
Description: The Maryland Tourism Coalition represents the state's tourism and travel industry members through advocacy and education. Maryland Tourism Works!
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According to an economic impact report released by the Maryland Department of Commerce in November 2022, the state’s tourism industry is continuing a strong recovery, recapturing nearly 90% of pre-pandemic visitor spending. In addition, the state reported increases over pre-pandemic levels in the key sectors of lodging and restaurants. The state continues to experience a strong economic recovery as a whole, including an unemployment rate below pre-pandemic levels.
The report also showed that spending by overnight visitors increased nearly 6% from $784 in 2019 to $830 in 2021. When comparing 2021 to 2020, the report found that visitor spending grew 42% from $11.6 billion in 2020 to $16.4 billion in 2021. Domestic and international visitors also increased, up to 35.2 million in 2021 from 24.7 million the previous year.
Another key measurement of economic output is the “Sales and Use Tax” as reported by the Maryland Comptroller. This is reported on a Fiscal Year rather than on the Calendar Year and it also reports increases in two important tourism industry sectors, taking into account inflationary pressures:
Book Publishing — The Souza Agency, Inc.