Tourism is a vital industry to Texas. Not only does it provide economic benefit to communities by bringing in new sources of revenue but it also creates jobs within the community.
Tourism Impacts in DFW/North Texas:
- The DFW/North Texas region represents almost one‐third ($18 B) of all of the state’s travel spending of $57.5 billion*.
- Travel spending in the DFW/North Texas region directly supported 162,100 jobs with an annual payroll of $5.7 billion*.
- The DFW/North Texas area through tourism contributed over $1 billion in local and state taxes*. Without the total $7.5 billion in travel‐generated tax revenue, each household in Texas would have to pay $850 in additional taxes (local, state & federal).**
State of Texas Tourism Economic Impact Figures:
- The GDP of the Texas travel industry was $23.4 billion in 2010. Only oil and gas production and related manufacturing has a significantly greater GDP.
- Total direct travel spending in Texas was $57.5 billion in 2010.
- The travel industry directly supported over 529,400 jobs with an annual payroll of $16.5 billon.
- The travel industry indirectly supported through re-spending of travel related revenues an additional 465,000 jobs and $16.5 billion in earnings.
- Total tax impact (local, state, federal) of travel spending in Texas was $7.6 billion. Without this tax-generated revenue, each household in Texas would have had to pay $850 in additional taxes (property taxes not included).
fn1. Information gathered from the research conducted by the Office of the Governor, Texas and from Dean Runyan Associates, Inc., Portland Oregon. (2010P numbers)