The multi-billion dollar travel industry in Nevada is an important part of the state and local economies. The industry is represented primarily by businesses in the leisure and hospitality sector, transportation, and retail. The money that visitors spend on various goods and services while in Nevada produces business receipts at these firms, which in turn generate earnings and employment for Nevada residents.
In addition, state and local governments collect taxes that are generated from visitor spending. Most of these taxes are imposed on the sale of a goods and services to visitors, thus avoiding a tax burden on local residents.
This report describes the economic impacts of travel to and through Nevada and each of its seventeen counties and five tourism regions. The estimates of the direct impacts associates with traveler spending in Nevada were produced using the Regional Travel Impact Model (RTIM) developed by Dean Runyan Associates. The estimates for Nevada are comparable to the U.S. Travel and Tourism Satellite Accounts produced by the Bureau of Economic Analysis. The estimates of spending, earnings, employment and tax receipts are also used as input data for deriving estimates of other economics measures, such as gross domestic product and secondary effects.
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