Memphis tourism generates major economic share

Published on : Monday, June 5, 2017

download (20)As per the latest numbers from the U.S. Travel Association, convention and tourism business churns out over $3.2 billion in Memphis year-on-year. More than 40,000 people are directly associated with the travel sector and supports innumerable others via third-party manufacturers, vendors and suppliers respectively.

 

In terms of thriving businesses, often there’s a common understanding that things automatically fall into place that visitors will keep pouring in Memphis regardless of any added effort to attract them. We cannot follow that idea anymore. The Memphis Convention & Visitors Bureau proudly showcases some of its latest features like Big River Crossing or Bass Pro Shops along with our original favorites like Graceland, which opened “Elvis Presley’s Memphis” – a $45 million complex this March. These modifications are predicted to encourage expansion in the annual visitor count of Graceland from 650,000 to 850,000 over the coming years.

 

Every year, Memphis attracts more than 11 million visitors. Travelers across United States as well as 29 other countries across the globe pour into this city. Though this figure is impressive, however it doesn’t reflect the second layer of businesses which deals with hotels, restaurants, event spaces and museums respectively. Not only restaurants and museums are the main beneficiaries of tourist spending. There are ride-share drivers, food suppliers, linen washers, bicycle shops, souvenir merchants on Beale Street and more in the list.


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