Saturday, July 31, 2010

Tourism - The path to export competitiveness

Sometimes it is hard to remember that each dollar an international visitor spends is an export. It is.

As America prepares to increase its export competitiveness it is important to keep in mind that encouraging international visitors to explore "from sea to shining sea" will spread the value of those export dollars to communities across the nation. I was impressed by a recent Brookings Mountain West report that export earnings in the Denver area were driven by the travel and tourism industry (11.5 percent). It is important for our leaders and policy makers to keep the important fact in mind. Tourism is an economic development tool.

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