Sentinel-Echo.com

Local News

December 3, 2013

$14.1M in hotel sales last year

Tourism events boost local economy by $1.45M in additional spending

(Continued)

LAUREL COUNTY, Ky. —

Hendrickson also noted in June, the London-Laurel County Tourism Commission hosted the Kentucky State H.O.G. (Harley Davidson Owner’s Group) rally for the first time.

The Rally attracted about 1,000 participants, and resulted in a 15-percent increase in hotel room in June from about $1.3 million last year to $1.5 million.

A recent study conducted by VISA Credit Card Company revealed visitors spend about 9 percent of their traveling funds on hotels; the remaining 91 percent is spent on dining, retail purchases, transportation and other activities in the area.

“About 30 percent of that money is spent on retail sales,” Hendrickson said.  “That money is divided among chain stores and locally-owned businesses.  Another 24 percent is spent on dining; 21 percent is spent on other activities, including event registration, and 16 percent is spent on transportation.”

Although these percentages are based on national averages and not specific to London or Kentucky, it still means a boost for the local economy.

“For every dollar that is spent on hotel sales for families attending our events, $11.11 is spent on other things such as dining and retail sales,” Hendrickson said.  “In other words, for the $1.45 million increase in room sales that London and Laurel County hotels enjoyed due to new or expanded tourism events, about $16 million was infused into other parts of our local London-Laurel County economy.”

 

rmcdaniel@sentinel-echo.com

Text Only
Local News
Facebook
AP Video
Arizona Prison Chief: Execution Wasn't Botched Calif. Police Investigate Peacock Shooting Death Raw: Protesters, Soldiers Clash in West Bank Police: Doctor Who Shot Gunman 'Saved Lives' 'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman Raw: Iowa Police Dash Cam Shows Wild Chase Obama Seeks Limits on US Company Mergers Abroad Large Family to Share NJ Lottery Winnings U.S. Flights to Israel Resume After Ban Lifted Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires Raw: Ukraine's Donetsk Residents Flee Senators Push to End Hamas Threat in Cease-Fire A Young Victim's Premonition, Hug Before MH17 Raw: Deadly Storm Hits Virginia Campground Death Penalty Expert: 'This is a Turning Point' Raw: MH17 Victim's Bodies Arrive in Netherlands
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Now that school is out, what are your family’s summer vacation plans?

A. No major plans. We will probably hang out around Laurel County.
B. Going to the beach!
C. Kentucky has a lot of wonderful state parks, and we plan to visit a few and enjoy quality family time.
     View Results