The economic impact of tourism in Anderson County and Oak Ridge has increased for a second year in a row.
In September, the Tennessee Department of Tourism Development released its 2015 annual report showing that visitors to Anderson County, which includes Oak Ridge, were responsible for spending more than $119 million in the county, an increase of 2.9 percent over the previous year, a press release said. Visitor spending in Anderson County yielded nearly $3 million in local sales tax.
“Marketing efforts continue to pay off as part of an organized effort to increase tourism in Oak Ridge and Anderson County,” Anderson County Mayor Terry Frank said in the press release. “Tourism is not only a way to increase our tax revenues, but the people who visit us positively add to the fabric and culture of our community—making tourism investment an all-around win.”
In its annual report, Explore Oak Ridge released data that showed Oak Ridge hotel revenue was up by 11 percent compared to the previous year (hotel revenue is a typical measure tourism’s economic effect on a city). Local tax generated from Oak Ridge hotels exceeded $585,000 in the 2015-16 fiscal year. [Read more…]