Alexandria Sees 8 Percent Lift in Visitor Spending
In five years, the city has seen a 22 percent increase in visitor spending, far outpacing Virginia and Northern Virginia.
Alexandria experienced a more than 8 percent increase in visitor spending in 2011 over the prior year, bringing in $23 million in city tax revenue. In five years, visitor spending has increased 22 percent in Alexandria, significantly outpacing increases for Virginia and Northern Virginia, both at 9 percent, said Elizabeth McLaughlin, vice president of research at Virginia Tourism Corporation, who spoke at the event held at Metro Stage in Old Town. ACVA Acting President and CEO Lorraine Lloyd said that for each dollar spent to attract visitors, there was a $133 return on investment in visitor spending. To reflect the importance of attracting visitors to the area, City Council passed a fiscal year 2013 budget for ACVA with a $100,000 …
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Edgar Warfield
2:36 pm on Friday, September 28, 2012
This is great news. It shows our investment in tourism marketing and historic preservation and interpretation continues to pay dividends for residents and our small businesses alike. more ›