2004 Tourism Spending Remains Strong

05/01/2005

Visitors to the Greater Milwaukee Area spent more than $2.4 billion in 2004, maintaining tourism's ranking as the number two industry in the region. The industry also supported 61,219 full-time equivalent jobs, $1.4 billion in wages and contributed $385 million in state and local taxes. 

These numbers come from the Economic Impact of Expenditures by Travelers on the Greater Milwaukee Area Calendar Year 2004, a tourism economic impact study conducted by Davidson-Peterson Associates, Inc. and commissioned by VISIT Milwaukee. According to the study, Greater Milwaukee Area tourism spending kept pace with 2003 figures, experiencing a slight decline of just 0.8 percent. The study focused on traveler expenditures in Milwaukee, Ozaukee, Washington and Waukesha counties. 

The majority of visitor expenditures in the Greater Milwaukee Area were divided between shopping, which accounted for approximately one-third ($763 million or 32 percent) of all traveler expenditures; and food ($603 million or 25 percent) and recreation ($604 million or 25 percent), which each accounted for approximately one-fourth of expenses. 

The remaining traveler expenditures in the Greater Milwaukee Area went toward lodging ($282 million or 12 percent) and transportation ($153 million or 6 percent). 

"We're holding our own in a challenging economic environment and a tourism industry in which we compete with dozens of other urban destinations," said Doug Neilson, president and CEO of VISIT Milwaukee. 

Hotel occupancy in Milwaukee County experienced a 2.6 percent increase over the previous year, finishing at 61 percent for the year, slightly outpacing the national average. While 2004 was not a great year for convention business, occupancy percentage was up because of the increase in leisure travel. This year is shaping up to be a strong convention year, with 29 national conventions utilizing the Midwest Airlines Center and 33 conventions of 2,000 room nights or more coming to Milwaukee, both representing the most Milwaukee has ever seen. 

The city will be hosting its biggest convention year on record with such high-profile gatherings as the national NAACP Annual Convention, the Gospel Music Workshop of America and the U.S. Hispanic Chamber of Commerce Convention and Business Expo this summer. 

"With our investment in approximately $1 billion in new tourism attractions between now and 2008, we're extremely well-prepared to take advantage of the industry's pent-up demand, growing momentum and increased recognition of Milwaukee as a desirable convention and leisure traveler destination," added Neilson. "We're well-positioned for growth. Our hotel occupancies are moving in the right direction and our investments in new attractions will enable us to compete among other urban destinations for the tourism dollar from both the convention and leisure markets." 

Established in 1967, VISIT Milwaukee is the premier marketer of Greater Milwaukee. VISIT Milwaukee reaches tourists, convention and meeting planners nationally and internationally with sales, marketing and public relations programs. Tourism generated $2.4 billion in spending in Greater Milwaukee in 2003, which is 21 percent of the state's total tourism impact. VISIT Milwaukee has more than 700 members, including hotels/motels, restaurants, attractions, services and area businesses. Its main office is at 648 N. Plankinton Avenue, Suite 425, Milwaukee. It also has a sales office in Washington D.C. The Spirit of Milwaukee (SOM) and Potawatomi Bingo Casino are strategic partners with VISIT Milwaukee, providing funding support for conventions and tourism programs. For more information call 1-800-554-1448 or visit www.visitmilwaukee.org. 

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FOR MORE INFORMATION CONTACT: 
David Fantle, Director of Public Relations, VISIT Milwaukee 
414/287-4253