Grand Teton generates $792M in local economic benefits
JACKSON HOLE WYO – A new National Park Service report shows that visitors to Grand Teton National Park in 2018 spent $629 million in communities near the park. That spending supported 8,620 jobs in the local area and had a cumulative benefit to the local economy of $792 million.
“Grand Teton National Park is an iconic national park and hosts visitors from across the country and world,” said Acting Superintendent Gopaul Noojibail. National park tourism is a significant driver in the national economy, returning $10 for every $1 invested in the National Park Service. Noojibail said, “We appreciate the support of all our park partners, neighbors and local communities that contribute to serving the visitor and creating a quality visitor experience at Grand Teton National Park.”
The peer-reviewed visitor spending analysis was conducted by economists Catherine Cullinane Thomas and Egan Cornachione of the US Geological Survey and Lynne Koontz of the National Park Service. The report shows $20.2 billion of direct spending by more than 318 million park visitors in communities within 60 miles of a national park. This spending supported 329,000 jobs nationally; 268,000 of those jobs are found in these gateway communities. The cumulative benefit to the US economy was $40.1 billion.
According to the 2018 report, most park visitor spending at Grand Teton National Park was for lodging/camping (38.3 percent) followed by food and beverages (17.4 percent), gas and oil (9.8 percent), souvenirs and other expenses (9.5 percent), and local transportation (6.0 percent).
Read more: https://buckrail.com/grand-teton-generates-792m-in-local-economic-benefits/
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