Connect with us

Hi, what are you looking for?

Business / Economy News

Florida Tourism Generated $133.6 Billion Economic Impact, Saving Households Nearly $2,000 in Taxes

Florida’s tourism industry delivered record-breaking results in 2024, according to new data released by VISIT FLORIDA. The agency’s Economic Impact of Tourism study reported that travel and tourism generated $133.6 billion in economic impact, supporting 1.8 million jobs and saving Florida households nearly $2,000 each in taxes.

Out-of-state visitors spent $134.9 billion last year — a 3% increase from 2023. U.S. visitors accounted for $120.1 billion of that spending, while international tourists contributed another $14.8 billion. Nearly 99 cents of every visitor dollar remained in Florida, bolstering local businesses and wages across the state.

Governor Ron DeSantis credited Florida’s tourism success to the state’s focus on freedom, safety, and economic growth.

“Our tourism industry is critical to Florida’s strong economic position,” DeSantis said. “Florida remains the top destination for travelers from across the country and the world because we prioritize freedom and safety. Tourism fuels jobs and keeps Florida’s economy strong.”

VISIT FLORIDA President and CEO Bryan Griffin emphasized the industry’s role in reducing the tax burden for residents.

“Florida’s 9.1 million households are saving nearly $2,000 a year because of the tax revenues generated by Florida tourism,” Griffin said. “This new data demonstrates the value of our investment in tourism marketing, and VISIT FLORIDA will continue to steward that investment responsibly.”

Record-Breaking Year for Florida Tourism

The report, conducted by Rockport Analytics, highlights that Florida welcomed a record 143 million visitors in 2024, marking continued post-pandemic growth. Tourism contributed 7.8% of Florida’s Gross State Product, and tax revenue from travel activity rose 3.3%, reaching $33.6 billion in federal, state, and local collections.

Without tourism, the report found, each Florida household would need to pay an additional $1,730 annually in state and local taxes to maintain current revenue levels.

Tourism-related wages totaled $79.9 billion, including $44 billion in direct wages, reflecting a 4.6% increase from 2023. Of every visitor dollar spent, 59 cents supported worker salaries, underscoring tourism’s central role in Florida’s economic stability.

 

   

Related Articles

Travel and Transportation

With the federal government shutdown in the rearview mirror, the airline trade association Airlines for America (A4A) is predicting that U.S. carriers will carry...

Epic Universe

Universal Orlando Resort has confirmed that Epic Universe is already preparing for future expansion, less than a year after the theme park’s grand opening....

Epic Universe

Orange County officials announced this week that the county collected a record-setting $384.6 million in Tourist Development Tax (TDT) revenue during Fiscal Year 2025,...

SeaWorld Orlando News

Orlando, Fla. – Aquatica Orlando will introduce a new nighttime holiday attraction this year with the debut of ILLUMINATE – A Lantern Festival at...

Advertisement
Florida Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

HOW WE COLLECT E-MAIL INFORMATION:

If you sign up to subscribe to Florida Daily’s e-mail newsletter, you will provide us your e-mail address and name, voluntarily, and we will never obtain any of your contact information that you don’t voluntarily provide.

HOW WE USE AN E-MAIL ADDRESS IF YOU VOLUNTARILY PROVIDE IT TO US:

If you voluntarily provide us with your name and email address, we will use it to send you one email update per weekday. Your email address will not be given to any third parties.

YOUR CONTROLS:

You will have the option to unsubscribe to our E-mail update at anytime by clicking an unsubscribe link that will be provided in each E-Mail we send.