3504-21_CabCVB_AnnualReport_2021.indd

E CONOM I C I MPA C T

I T ’ S O U R J O B T O M A K E C A S H R E G I S T E R S R I N G . WE KNOWTHAT THE PERSON BEHIND THE REGISTER IS JUST AS IMPORTANT AS THE ONE STANDING IN FRONT OF IT. Tourism is economic impact, and tourism in Cabarrus County has seen significant growth over the years—growth that helps sustain local business and fuel tax relief for residents. In 2000, visitor spending in Cabarrus County reached $157 million. In 2019, that figure exceeded $478 million. Each year, Tourism Economics prepares direct visitor spending estimates for all 100 North Carolina counties, as well as county level employment, payroll and tax revenues as a result of direct visitor spending.

2 0 1 6 - 2 0 2 0 T O U R I S M S P E N D I N G T R E N D

Revenue in Millions

Taxes generated by visitor spending in Cabarrus County represent a tax savings of

515.7

499.57

477.85

461.62

287.51

per resident. $ 115.21

2 0 1 6

2 0 1 7

2 0 1 8

2 0 1 9

2 0 2 0

4 // v i s i t c a b a r r u s . c om

Made with FlippingBook - Online magazine maker