Economic Impact

The economic importance of tourism to a destination is commonly underappreciated and extends well beyond core hospitality and transportation sectors. Economic impact studies assess the full economic contribution of visitors, events, and destination marketing.

New Jersey’s Travel & Tourism Industry Report


Key Results
  • Visitation surged 7.4% to over 110 million in 2018
  • Visitor spending rose 4.5% in 2018 to $44.7 billion
  • Tourism in New Jersey generated $5.0 billion in state and local taxes in 2018
  • Tourism spending directly supports 333,860 jobs in New Jersey and 531,000 jobs including indirect and induced impacts
  • These jobs representing 9.8% of total employment or about 1 in 10 jobs in New Jersey
  • The tourism sector directly represented $19.4 billion of state GDP in 2018, 3.1% of the entire state economy
  • Including indirect and induced impacts, tourism in New Jersey generated $5 billion in state and local taxes and $6 billion in Federal taxes in 2018
  • In the absence of the state and local taxes generated by tourism, each NJ household would need to pay $1,545 to maintain governmental revenues