1. Economic Impact of Hospitality & Tourism
EHMM
Unit 5
Ms. Vogt

2. Warm-Up Why do people travel?
Where does most of the travel revenue come from? Why?

3. Today’s Goal
Understand the impact that the tourism and hospitality industries have on our economy.

4. Economic Impact Notes
The hospitality & tourism industries generated $758 Billion last year.
Without these industries, each US household would have to pay an additional $1,000 per year in taxes.

5. Venn Diagram Complete the section on the reading you had
Work with someone who had the same reading as you to review the section
Work with someone who had the other reading and share each section and come up with at least 3 commonalities and be ready to share out as a class

6. Power of Travel vs. Iceberg
The Power of Travel
Shows the different industries that benefit:
Travel
Lodging
Food Service
Tourism
Sports & Entertainment
Jobs are created & money is earned to put back into the community
The Iceberg Effect
Illustrates the depth of the effect
Shows long-term effects & what it can do for a community

7. Commonalities
Both show the effects of hospitality and travel on a community
Both show the direct effects of hospitality and travel – employment, taxes, wages/payroll
Both show the indirect effects of hospitality and travel – attracts businesses, enhances the local infastructure

8. Economic Impact of IHG hotel
Video

9. Closure
Why are the hospitality and tourism industries so valuable to our country? Provide two reasons.