Virginia Beach tourism brought in 13.6 million visitors and $3.7 billion during 2022
T he Virginia Beach Convention & Visitors Bureau (VBCBV) announced on Wednesday that a recent economic impact study found that Virginia Beach had 13.6 million visitors in 2022.
Visitor spending amounted to $2.4 billion, and the economic impact "encompassing both indirect and induced effects" resulted in a total of $3.7 billion for 2022, the bureau reported.
VBCVB also claimed the economic ripple sustained 32,704 jobs or 19% of all jobs in the city. Tourism spending also contributed $324 million in state and local tax revenues, "offsetting local annual taxes by $1754 per Virginia Beach household."
Food and beverages were what tourists spent the most money on totaling over $1 billion and 42% of spending. Lodging expenses accounted for 28%, transportation and recreational activities each claimed 11% and retail was 9%.
Research also showed that 74% of last year's overnight travelers were repeat visitors. 42% had also visited within the last 12 months.
Visitor spending overall grew by 14.5% because of pent-up demand according to VBCBV.
The study, centered on the expenditures of Virginia Beach tourists in 2022, was undertaken by Tourism Economics, a subsidiary of Oxford Economics, utilizing an array of local and nationwide data resources and survey instruments.
This release comes after the Virginia Tourism Corporation's report stated that Hampton Roads made a combined $6.5 billion in tourism profits. According to both reports that means Virginia Beach accounted for over 56% of Hampton Roads' tourism profits.
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Travel Data and Profiles. VTC conducts research on an ongoing basis among travelers visiting the Commonwealth. Reports contained here are survey responses that identify the travel behavior and demographics of various travelers to Virginia. For segmentation and methodology from this study, please see below. 2022 Longwoods Travel USA Methodology ...
November 15, 2023. Virginia Beach Tourism Pours $3.7B into Local Economy in 2022. The Virginia Beach Convention & Visitors Bureau (VBCVB) today announced results from a recent economic impact study that found the destination welcomed 13.6 million visitors in 2022.
Story by 13News Now Staff. • 5mo • 1 min read. Virginia Beach tourism brought in 13.6 million visitors and $3.7 billion during 2022 © Provided by WVEC-TV Norfolk. The Virginia Beach...
. February 9, 2024. Nominations Open for 2024 Travel & Tourism Awards. National Travel & Tourism Week Celebration to Honor Local Hospitality Heroes. Read Full Post. . November 15, 2023. Virginia Beach Tourism Pours $3.7B into Local Economy in 2022. Read Full Post. . September 5, 2023.
Despite a comparative dip in the number of visitors from that same year – 11.5 million versus 13.6 million, a 15% variance – visitation is on the rise, climbing 9.1% compared to 2020. The overnight leisure segment leads the way with 2.88 million annual travelers, marking a 21.2% change above last year and 6.7% increase over 2019.
The impact study found that the city had around 13.6 million visitors in 2022, and around $2.4 billion in spending — an increase of around $300 million from 2021, and a $460 million increase from...
Virginia Beach CVB Reports $3.3 Billion in Economic Impact of Tourism for 2021. VIRGINIA BEACH, Va. - The Virginia Beach Convention & Visitor Bureau (VBCVB) is pleased to report record-breaking results of a recent study on the economic impact of tourism to the city. Th...
Visitation research conducted by Longwoods International shows a record 20.2 million visitors traveled to Virginia Beach in 2018, a 6 percent increase from 2017. Overnight visitation grew to 10.5 million and day visitation reached 9.7 million. Key economic indicator increases for 2018 reported by USTA include: