How Important is Tourism to Rhode Island 2006

Скачать презентацию How Important is Tourism to Rhode Island 2006

efe85f36de116b912a7690c033035193.ppt

Количество слайдов: 113

How Important is Tourism to Rhode Island? 2006 Tourism Satellite Account September 27, 2007 Kenneth Mc. Gill Executive Managing Director Travel & Tourism Consulting ken. mcgill@globalinsight. com

How Important is Tourism to Rhode Island? Agenda • Quick Introduction to Global Insight • What is Tourism Satellite Accounting? • 2006 Rhode Island Tourism Results • What Do Visitors Mean to RI? Copyright © 2007 Global Insight, Inc. 2

Global Insight • Premier country intelligence, economic analysis & forecasting, and consulting organization globally • Most comprehensive coverage of countries, regions, and industries available from any single source • Common analytical framework and a consistent set of assumptions • Broad range of capabilities include: § Strategic and Tactical Planning Tools § Tourism Economic Impact § Market Risk Assessment § Project Feasibility Studies § Tourism Forecasts § Performance Benchmarking • Global Insight consistently has the best track record among commercial forecasters. See www. globalinsight. com/accolades Copyright © 2007 Global Insight, Inc. 3

Global Insight by the numbers… ØOver 4, 000 clients worldwide… • 2, 800+ -Corporate, Financial, and Commercial • 37 -US States, 118 -Cities/Local Govt, 70 Federal Government agencies • 35 Foreign Central Banks, 23 International Statistical agencies, plus IMF, World Bank, IADB, EC, OECD, UN, SABIC, CEIC… • 100+ Trade, Professional, Non-profit Organizations ØGlobal Insight’s 2006 Turnover was $97 million (65% N. A. , 35% Intnl) with an operating margin of just over 9% ØWe have 640 employees housed in 25 offices in 14 countries ØGlobal Insight is over 40 years young Copyright © 2007 Global Insight, Inc. 4

Travel and Tourism Practice • Visitation & Spending Forecasts –by category and by country, region, state, or U. S. city. Market size, growth, and share. • Market Feasibility & Investment Facilitation market analysis & research, demand/supply review, policy evaluation, development cost analysis. • Destination Impact & Concession Support economic impact of the construction and operations of individual facilities –resort, convention center, entertainment venue, event… • Tourism Economic Impact & Tourism Satellite Accounting conforming to the UN/WTO standards. What does travel & tourism contribute in jobs, wages, spending, and taxes to a national or local economy? • Tourism Policy Analysis travel & tourism policy evaluation and rationalization. Copyright © 2007 Global Insight, Inc. 5

What is a Tourism Satellite Account (TSA)? TSA | Transportation Security Administration | US Department of. . . Tourette Syndrome Association TSA Home Page… Tarheel Swimming Association Texas Society of Anesthesiologists Trust for the Study of Adolescence Turtle Survival Alliance Thinking Skills Assessment Home Page Columbia University - Turkish Student Association TSA - the snowboard asylum online, uk snowboard shops full of. . . TSA : Telecommunication Society Of Australia Copyright © 2007 Global Insight, Inc. Toronto School of Art 6

Tourism Satellite Accounting • The Tourism Satellite Account is the international (UN/WTO, OECD) standard for measuring the contribution of tourism to an economy • Measuring the industry “tourism” is difficult: § tourism industry is not measured in standard economic accounting systems. § Most industries are accounted via the supply-side: firms are categorized into NAICS codes and asked about jobs, revenues, costs. § But tourism is a demand-side activity: the focus is on what the traveler buys before and during a trip. As a result, tourism touches many industries • 4 Cs: Credibility, Comprehensiveness, Comparability, Consistency Copyright © 2007 Global Insight, Inc. 7

Benefits of a TSA ü Are we spending enough on tourism promotion and infrastructure? Compares government support of the tourism sector with government revenue generated by tourism. ü Which are our best economic development targets and are candidaterequested concessions worth it? Allows policy-makers to compare the size & growth of tourism to other industrial sectors. ü What is the ROI of public tourism investment? Enables analysts to assess long-term health of the tourism sector vis-a-vis capital investment and govt. support. ü How can we benchmark ourselves against our destination competition? Provides an accepted international standard for benchmarking. ü How can we communicate the full value of tourism to policy makers, businesses, and citizens? Quantifies how other industries benefit from tourism. Copyright © 2007 Global Insight, Inc. 10

TSA and Tourism Economic Impact Client Examples Tourism Satellite Account § § § § RHODE ISLAND Israel New Jersey Dubai Bahamas Abu Dhabi Kansas North Dakota Guam North Carolina Alaska South Carolina Delaware Virginia Utah Copyright © 2007 Global Insight, Inc. Economic Impact § § Idaho Pennsylvania Indiana Maryland City Tourism Impact • • • Dallas Boston Arlington, TX Sacramento Baltimore Philadelphia Orlando Washington, DC NYC Camden & SNJ • • • Tulsa St. Louis Kansas City Battle Creek, MI Durham, NC Savannah Pittsburgh Austin Indianapolis 11

RI TSA: Definitions • • Visitor: GT 50 miles, non-commuting or overnight stays Resident Tourism: Only outbound purchases made in advance of a trip are included. No resident usage of RI tourism assets. * • Tourism Spending: A TSA concept, includes all spending by all constituents on travel made in the jurisdiction (RI) Visitor Spending: Spending in the jurisdiction by visitors (accommodations, food & beverage, shopping, transportation, entertainment, other) Total Economic Impact: “GDP” definition…spending less value of supply chain purchases made elsewhere. The amount truly retained in jurisdiction. Import Leakages: The value of supply chain purchases made outside of the jurisdiction. • • • Direct Spending/Jobs/Wages/Taxes: Industries that “touch” the visitor (e. g. hotels, restaurants, museums, …) Indirect Spending/Jobs/Wages/Taxes: Industries that supply those that touch the visitor Induced Spending/Jobs/Wages/Taxes: Workers of industries that touch or supply will spend wages locally Copyright © 2007 Global Insight, Inc. 12

T&T Industry and Economy Travel & Tourism Industry The direct effect of travel demand Travel & Tourism Economy The flow-through effect of travel demand across the economy The TSA provides both a narrow & a broad understanding of the Tourism “Industry” Copyright © 2007 Global Insight, Inc. 13

State Overview: Totals At A Glance TSA + Under 50 Mile Visitors Difference Visits 7. 96 M 17. 46 M 9. 50 M Expenditure $3. 69 B $5. 38 B $1. 69 B Economic Impact (GSP) $2. 26 B $3. 20 B $940 M Jobs 47, 854 70, 079 22, 225 Wages $1. 38 B $2. 04 B $660 M Taxes $860 M $1, 327 M $467 M Tourism Concept Source: Global Insight * Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending. Copyright © 2007 Global Insight, Inc. 15

State Overview: Tourism and Under 50 Mile Visitors Measurement Tourism (TSA) + Under 50 Mile Visitor Spending FY 2006 FY 2005 Definition $5. 38 B $5. 34 B • Spending from all tourism actors § Tourism (TSA) $3. 69 B $3. 67 B • TSA Definition of State Tourism § Under 50 Mile Visitors $1. 69 B $1. 67 B that utilize RI tourism assets • Visitors from less than 50 miles Tourism + Under 50 Mile Visitors Employment* 58, 900 58, 921 core RI tourism activity § Core Tourism Employment* 38, 956 39, 201 “Industry” • Employment required to support • TSA Definition of Tourism Source: Global Insight * Employment figures taken from a top down review of the total spending, creating a resultant number of jobs required to support that spending. Copyright © 2007 Global Insight, Inc. 16

Total Tourism (TSA) Expenditures • RI visitation grew 2. 1% in ‘ 06 • Spending per visit declined by 0. 7% in ‘ 06 • Leisure travel increased by 4. 2% in ’ 06 • Business travel decreased by 6. 0% in ‘ 06 Tourism expenditures tallied $3. 69 billion in 2006 Source: Global Insight Copyright © 2007 Global Insight, Inc. 18

Visitors to Rhode Island* Total visitors grew 2. 1% in 2006 with a leisure visitors growing at twice that rate. * Visitors from GT 50 miles only, provided by DK Shifflet & Associates, Ltd. Business travel results were estimated by GII. Copyright © 2007 Global Insight, Inc. 19

Tourism Shows Growth in ‘ 06 Measurement Tourism (TSA) + Under 50 Mile Visitor Expenditures FY 2005 (billions) FY 2006 (billions) 2005 -06 growth $5. 337 $5. 385 0. 9% $3. 668 $3. 692 0. 6% $2. 223 $2. 257 1. 5% Core Tourism (direct) $1. 677 $1. 709 1. 9% Non-Core Tourism $0. 546 $0. 547 0. 2% $1. 445 $1. 435 -0. 7% Tourism (TSA) Expenditures Total Economic Impact Import Leakage Source: Global Insight Copyright © 2007 Global Insight, Inc. 20

RI Tourism continues to grow… 2006 Bottom Line: Measurement FY 2006 FY 2005 $1. 71 $2. 26 $1. 68 $2. 22 $1, 031 $1, 381 $1, 008 $1, 357 % Economic Value ($B) § Core Tourism § Total Impact • Solid growth strengthened by 1. 9% leisure travel 1. 5% Wages & Salaries § Core Tourism ($M) § Total Impact ($M) Employment (‘ 000) § Core Tourism § Total Impact Taxes –Total Impact ($M) 38. 96 47. 85 $856 39. 20 48. 03 $865 Perspective • Average annual salary saw 3. 0% 2. 3% and 2. 3% growth respectively 1. 8% • Core tourism is 4 th largest industry -0. 6% in RI -0. 4% • If tourism didn’t exist, each household would pay an additional -0. 6% $1, 140 in taxes to maintain current tax receipts. Numbers may differ due to rounding Source: Global Insight Copyright © 2007 Global Insight, Inc. 21

2006 RI Tourism Scorecard Measurement % 2006 Perspective 2005 7. 96 7. 79 2. 1% • Leisure visits were very strong $5. 38 B $5. 34 B 0. 9% • Short-haul visitors added $1. 69 B 70. 1 70. 2 -0. 2% • This definition ranks tourism as 2 nd largest industry in state 38. 96 47. 85 39. 20 48. 03 -0. 6% -0. 4% $1, 031 $1, 381 $1, 008 $1, 357 2. 3% 1. 8% Tourism (TSA) as a % of RI GSP 5. 5% 5. 7% RI % of US Tourism § Jobs § Output 0. 9% 0. 3% RI Domestic Visitation (‘ 000) RI Tourism (TSA) + Under 50 Mile Visitor Spending RI Tourism (TSA) + Under 50 Mile Visitor Jobs (‘ 000) RI Tourism (TSA) Jobs (‘ 000) § Core Tourism § Total Impact RI Tourism (TSA) Wages § Core Tourism § Total Impact Copyright © 2007 Global Insight, Inc. • Core tourism employment share in RI is much higher than US • Avg. annual wage increased to over $28, 872/year • Core plus Non-core makes tourism 9 th largest industry in RI -2. 0% -5. 0% • Nationally, jobs were up 1. 2% in tourism Source: Global Insight 22

Sources of Tourism Expenditures • Visitor Spending – Expenditures by visitors who have come from greater than 50 miles or stayed overnight • Business Travel – Businesses’ spending within the state economy on travel • Resident Outbound – Resident spending preparing for an out-of-state trip • Government Spending – Tourism Office Budgets, transportation functions related to tourism, publicly funded attractions and funding for security in tourismintensive areas • Investment – Construction of hotels, attractions, tourism infrastructure, operating and transportation equipment • International – Spending of international visitors within the state • Under 50 Mile Visitors – Spending by residents or non-residents who have come from under 50 miles. No commuters or local utilization. Not included in TSA definition. Copyright © 2007 Global Insight, Inc. 24

Breaking Down Tourism Expenditures – $3. 69 Billion 11% of TSA Expenditures in Rhode Island come from outside of visitor spending. Million $ Investment Visitors Other Total 248 3, 303 141 3, 692 Share 2006 Of Growth Total 7% -2% 89% 1% 4% 0% 100% 1% Source: Global Insight In State total includes residents, investment, government and internal business Copyright © 2007 Global Insight, Inc. 25

Category Distribution of Expenditures Food accounts for the largest share of tourism expenditure for both definitions of expenditures. Combined with accommodation and transportation, these components represent 64% of TSA related visitor expenditures in Rhode Island. TSA + <50 Mile Million $ TSA Million $ 2005 -2006 Growth (TSA) 1, 213 751 2. 3% Accommodation 655 2. 1% Transportation 670 651 0. 6% 1, 584 758 2. 3% 914 528 - 5. 1% $5, 037 $3, 342 TSA + <50 Mile Shares 0. 7% Entertainment** Food Shopping Total * * Direct and Indirect Tourism Expenditures (w/o construction & investment) Source: Global Insight ** Entertainment category includes all marina and boating activity Copyright © 2007 Global Insight, Inc. 26

Category Distribution of Expenditures Business spending made up just under 26% of total expenditures in 2006, compared to just under 20% of total visitation. Business expenditures were up 1. 1% in 2006, mainly due to a low concentration in Shopping (the worst state-wide category) and a strong concentration in Food (the best state-wide category). 2006 Totals TSA (Million $) Leisure (Million $) Business (Million $) Entertainment** 751 581 170 Accommodation 655 493 162 Transportation 651 527 125 Food 758 421 337 Shopping 528 435 93 $3, 342 $2, 456 $887 Total * * Direct and Indirect Tourism Expenditures (w/o construction & investment) Source: Global Insight ** Entertainment category includes all marina and boating activity Copyright © 2007 Global Insight, Inc. 27

Core Tourism • • Core Tourism measures the size of the industry directly providing goods & services to the visitor. • Indirect effects are excluded – these are part of other supplier industries such as wholesalers. The impact of capital investment is also excluded. • Copyright © 2007 Global Insight, Inc. Answers the question “How does tourism compare with other industries? ” Core Tourism generated $1. 7 billion in economic value in 2006. This ranks core tourism as the 10 th largest private industry in RI in terms of Gross State Product. 28

Core Tourism – Gross State Product Core Tourism contributed $1. 71 billion in economic value in 2006. Tourism ranked as the 10 th largest private industry in Rhode Island. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Millions $ ’ 05 -’ 06 Growth % of State Real Estate and Rental and Leasing Finance and Insurance Health Care and Social Assistance Durables Manufacturing Retail Trade Wholesale Trade Professional, Scientific, and Tech. Services Construction Information Accommodation and Food Services Non-Durables Manufacturing Administrative and Waste Services Other Services Educational Services Management of Companies and Enterprises Other Industries Total Government 6, 516 6, 051 4, 313 3, 196 2, 899 2, 400 2, 394 2, 268 1, 854 1, 317 1, 242 1, 136 1, 028 1, 011 957 2, 608 41, 189 4, 879 4. 0% 7. 8% 5. 1% 3. 5% 4. 2% 6. 1% 5. 3% 5. 6% 6. 1% 1. 9% 6. 6% 5. 7% 6. 0% 7. 7% 4. 7% 5. 3% 4. 3% 15. 8% 14. 7% 10. 5% 7. 8% 7. 0% 5. 8% 5. 5% 4. 5% 3. 2% 3. 0% 2. 8% 2. 5% 2. 3% 6. 3% 100. 0% Travel & Tourism Rank 1, 709 Industry 1. 9% Core Travel & Tourism would have 4. 1% of Rhode Island’s GSP 4. 1% Source: Bureau of Economic Analysis and Global Insight Copyright © 2007 Global Insight, Inc. 29

Core Tourism Impact – Composition The TSA model measures how spending of visitors touches diverse sectors to create the aggregate Core Tourism for Rhode Island. Composition of Core Tourism Rank Industry $ Value (Millions) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Other amusement- gambling- and recreation industries Food services and drinking places Real estate Hotels and motels- including casino hotels Automotive equipment rental and leasing Travel arrangement and reservation services Food and beverage stores Clothing and clothing accessories stores Air transportation Spectator sports Performing arts companies Miscellaneous store retailers Transit and ground passenger transportation Gasoline stations Scenic and sightseeing transportation and support Other Industries Total ’ 05 -’ 06 Growth % of Total 425 371 258 189 149 107 39 30 27 25 18 15 13 13 12 20 3. 7% 2. 3% 0. 0% 5. 0% 0. 0% 1. 9% -5. 1% 0. 3% 0. 6% 1. 2% -5. 1% 15. 5% -2. 7% 11. 6% -3. 3% 24. 8% 21. 7% 15. 1% 11. 1% 8. 7% 6. 2% 2. 3% 1. 7% 1. 6% 1. 5% 1. 0% 0. 9% 0. 8% 0. 7% 1. 2% 1, 709 1. 9% 100. 0% Source: Global Insight Copyright © 2007 Global Insight, Inc. 30

Core Tourism – Employment • Core Tourism is the 4 th largest private sector employer in Rhode Island with 38, 956 direct fulltime equivalency jobs in 2006. • Core Tourism generated 7. 9% of non-farm state employment in 2006. • Core Tourism jobs provided $1, 031 million in wages & salaries in 2006. • Core Tourism’s average annual wage has grown to $26, 468/year. Copyright © 2007 Global Insight, Inc. 31

Core Tourism Impact – Employment Travel & tourism is RI’s 4 th largest private sector employer. 74. 05 52. 43 43. 06 35. 54 29. 42 26. 25 23. 07 22. 52 22. 30 21. 34 17. 82 16. 36 10. 38 9. 64 9. 10 15. 5 64. 8 % of State 15. 0% 10. 6% 8. 7% 7. 2% 6. 0% 5. 3% 4. 7% 4. 6% 4. 5% 4. 3% 3. 6% 3. 3% 2. 1% 2. 0% 1. 8% 3. 1% 13. 1% LQ Index 1. 4 0. 9 1. 1 1. 3 1. 0 1. 2 0. 8 1. 1 0. 5 0. 9 1. 4 0. 5 0. 9 493. 6 0. 4% 100. % 1. 0 Travel & Tourism 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2005 -2006 Growth 1. 5% -0. 1% 0. 5% -1. 9% 6. 4% 2. 3% 5. 1% -3. 0% -0. 1% 2. 1% -5. 8% -2. 0% -2. 8% -0. 9% 4. 3% -1. 4% -0. 3% Total Nonfarm Rank 39. 0 - 0. 6% 7. 9% Industry Employment (Thousands) Health Care and Social Assistance Retail Trade Accommodation and Food Services Professional, Scientific, and Tech. Services Administrative and Waste Services Wholesale Trade Finance and Insurance Manufacturing, Nondurables Core Tourism Construction represented Other Services 38, 956 jobs in Transportation and Warehousing 2006. Manufacturing, Durables Information Educational Services Management of Companies and Enterprises Other Industries State & Local Government 1. 8 Tourism’s contribution to RI employment is 1. 8 times that of the US in total Source: Bureau of Labor Statistics and Global Insight Copyright © 2007 Global Insight, Inc. 32

Core Tourism Impact and Employment Removing Tourism components from the major state categories of employment and GSP is enough to move TSA employment up from 4 th to 3 rd, as the impact on Accomodation and Food Services is significant, moving that category to 6 th overall. Copyright © 2007 Global Insight, Inc. 33

Total Rhode Island Tourism Employment Down 0. 4% in 2006 Core Tourism jobs comprise 81% of total tourism-generated employment. Total Impact Core Tourism Source: Global Insight Copyright © 2007 Global Insight, Inc. 34

Non-Core Tourism – Indirect Benefits Many industries not thought of as “tourism” but that supply goods and services to the industry are beneficiaries of RI tourism. Indirect Benefits of Tourism Rank $ Value ’ 05 -’ 06 (Millions) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Industry Growth % of Total Real estate Wholesale trade Nondepository credit intermediation and related firms Power generation and supply Monetary authorities and depository credit intermediaries Telecommunications Legal services Maintenance and repair of nonresidential buildings Architectural and engineering services Management of companies and enterprises Food services and drinking places Other State and local government enterprises Postal service Employment services Accounting and bookkeeping services Other Industries Investment 73 21 19 17 15 13 12 11 10 10 8 8 7 6 6 154 349 0. 7% 0. 0% 1. 8% 1. 2% 0. 8% 0. 3% 1. 7% 0. 4% 0. 8% 1. 9% 1. 8% 1. 6% 1. 0% 1. 1% 2. 2% 1. 1% 0. 2% 9. 9% 2. 8% 2. 6% 2. 3% 2. 0% 1. 8% 1. 6% 1. 5% 1. 3% 1. 1% 1. 0% 0. 9% 0. 8% 20. 9% 47. 2% Total 739 0. 6% 100. 0% Source: Global Insight Copyright © 2007 Global Insight, Inc. 35

Non-Core Tourism – Construction Benefits The Construction sector is also a significant beneficiary of tourism. Source: FW Dodge Data is “Value of Construction Contracts”, measuring the value of construction at the time when work begins, encompassing total value for entire projects which start or break ground in a given year, excluding ancillary costs such as land acquisition. Copyright © 2007 Global Insight, Inc. 36

Accommodation – Seasonal 2 nd Home Seasonal 2 nd homes are an important part of accommodation expenditure, especially for Washington County. Rental Income (M$) # of Seasonal 2 nd Homes $3. 9 280 KENT $11. 6 828 NEWPORT $91. 8 2, 551 PROVIDENCE $32. 8 1, 172 WASHINGTON $228. 4 8, 157 Total $368. 6 12, 988 County BRISTOL Source: Global Insight and US Bureau of Census Copyright © 2007 Global Insight, Inc. 37

Tourism Generated $861 M in Total Tax Revenue in 2006 • Tourism activity generated $462 million in state and local government revenue in 2006, a 0. 6% decrease over 2005. • In 2006, $314 million in state tax revenue was generated by the travel & tourism sector in Rhode Island. Indirect business tax (sales tax) and the gaming taxes are the two largest contributors. • Tourism contributes disproportionately to state revenue. While tourism is responsible for 4. 2% of RI GSP, it contributed 10. 8% of state government revenue in 2006. • If tourism didn’t exist, each RI household would pay $1, 140 more in taxes to maintain the current level of state and local tax receipts. Copyright © 2007 Global Insight, Inc. 38

State and Local Government Revenue Tax Revenues from Tourism 2006 (Million) ’ 05 -’ 06 Growth Federal Government Corporate Profits Tax Personal Income Social Security & Other Taxes Federal Total State Government Corporate Profits Tax Personal Income Sales Licenses & Fees Gaming Tax Other Taxes Occupancy Tax State Total Local Government Local Occupancy Taxes Property Taxes Local Total Copyright © 2007 Global Insight, Inc. 85. 5 122. 8 189. 7 -1. 2% -0. 5% -0. 4% 398. 1 -0. 6% 7. 6 39. 0 98. 3 10. 2 103. 9 45. 4 9. 6 -1. 0% -0. 5% -1. 4% -0. 6% 0. 7% -1. 0% 3. 9% 314. 0 -0. 4% 5. 7 142. 0 147. 7 3. 9% -1. 4% -1. 2% 859. 8 -0. 6% 39

How Important? Gross State Product: $3. 20 billion 7. 8% of GSP Total Tourismrelated spending of $5. 38 billion Total Employment: 70, 079 jobs 14. 2% of Employment Gross State Product: Total Employment: $2. 26 billion 5. 5% of GSP 47, 854 jobs 9. 7% of Employment Core GSP: $1. 71 billion 4. 1% of GSP Core Employment: 38, 965 jobs 7. 9% of Employment 4 th largest private sector employer Copyright © 2007 Global Insight, Inc. 40

Talking Points: What Do Visitors Mean to RI? ü Each RI visitor/traveler generates about $464 in expenditures, $53 of which goes to RI businesses that do not directly “touch” that visitor ü Every 166 visitors creates a new RI job ü Each visitor creates about $108 in tax receipts, $58 of which goes to state & local authorities ü It takes only 239 visitors to pay for one Rhode Island public school student for one year ü Each RI visitor generates $174 in wages paid to RI workers employed across an array of industries ü Each visitor adds about $284 to RI Gross State Product Based on TSA definition of “visitor”. Copyright © 2007 Global Insight, Inc. 41

Talking Points: What Does the Entire Industry Mean to RI? ü Each RI visitor/traveler generates about $308 in expenditures, $34 of which goes to RI businesses that do not directly “touch” that visitor ü Every 249 visitors creates a new RI job ü Each visitor creates about $76 in tax receipts, $43 of which goes to state & local authorities ü It takes only 360 visitors to pay for one Rhode Island public school student for one year ü Each RI visitor generates $117 in wages paid to RI workers employed across an array of industries ü Each visitor adds about $184 to RI Gross State Product Based on TSA + Under 50 Mile definition of “visitor”. Copyright © 2007 Global Insight, Inc. 42

Regional Distribution of Tourism Rhode Island is divided into eight regions in the analysis: § Blackstone Valley • • • Burrillville Central Falls Cumberland Glocester Lincoln North Smithfield Pawtucket Smithfield Woonsocket § Providence • Providence § Warwick • Warwick § Block Island • Block Island § Balance of State • • • Cranston Foster Johnston North Providence Scituate West Warwick Copyright © 2007 Global Insight, Inc. § Newport County • • • Little Compton Middletown Newport Portsmouth Tiverton Jamestown § South County • • • Charlestown Coventry East Greenwich Exeter Hopkinton Narragansett North Kingstown Richmond South Kingstown Westerly West Greenwich § East Bay • • Barrington Bristol East Providence Warren 44

Regional Distribution of TSA + Under 50 Mile Expenditures Providence is clearly the leading tourism region. Under the broader definition, Blackstone Valley is the 2 nd largest region Entertainment and Retail Drive High Spending Less of a bump from additional Food $ than others Full accounting of gaming revenues move region to #2 Copyright © 2007 Global Insight, Inc. 46

Regional Distribution of TSA Tourism Expenditures Providence remains the leading tourism region. TSA definitions limit gaming revenue accounting for Newport and Blackstone Valley Entertainment and Retail Drive High Spending Low Retail and Food Relative to Others Seasonal second homes dominate Transportation (Airport) is major contributor Copyright © 2007 Global Insight, Inc. 47

Regional TSA + Under 50 Mile Expenditures Regional Share of State Expenditures by Category ($M) Accomodations Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Total Entertainment Food Retail Transportation Total 13. 10 16. 37 86. 49 6. 55 194. 31 108. 03 172. 79 57. 14 45. 66 396. 82 59. 56 39. 07 200. 31 319. 74 88. 45 63. 79 214. 57 245. 77 22. 18 114. 51 218. 62 326. 12 253. 46 188. 86 76. 95 57. 71 50. 57 47. 34 87. 71 355. 89 155. 32 82. 77 70. 94 65. 13 17. 81 40. 76 34. 85 212. 69 38. 87 188. 49 421. 22 781. 80 236. 62 248. 23 735. 81 1, 322. 47 708. 89 581. 05 654. 78 1, 213. 41 1, 584. 08 914. 26 669. 54 5, 036. 08 Entertainment data includes gaming, spectator sports boating and marina activity and other categories. Copyright © 2007 Global Insight, Inc. 50

Regional TSA Tourism Expenditures Regional Share of State Expenditures by Category ($M) Accomodations Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Total Entertainment Food Retail Transportation Total 13. 10 16. 37 86. 49 6. 55 194. 31 108. 03 172. 79 57. 14 31. 57 169. 62 52. 60 35. 99 124. 49 221. 06 78. 10 37. 14 96. 06 109. 92 21. 98 56. 86 105. 15 170. 57 111. 44 86. 14 42. 25 31. 69 29. 57 32. 74 48. 18 195. 40 90. 83 57. 46 71. 63 65. 77 14. 33 36. 46 26. 15 214. 75 31. 25 190. 84 254. 60 393. 36 204. 97 168. 60 498. 28 909. 80 484. 42 428. 72 654. 78 750. 57 758. 12 528. 12 651. 17 3, 342. 76 Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. As the TSA definition of tourism includes any overnight stay, accomodations results are the same for TSA and TSA + Under 50 Mile. Copyright © 2007 Global Insight, Inc. 51

Regional Share of Statewide TSA + Under 50 Mile Expenditures Regional Share of State Expenditures by Category Accommodation Providence Blackstone Valley Newport South County Warwick Balance of State East Bay Block Island Total Entertainment 16. 5% 29. 7% 26. 4% 8. 7% 2. 0% 13. 2% 26. 4% 32. 7% 16. 5% 7. 3% 5. 3% 3. 8% 3. 2% 4. 9% 100. 0% Food Shopping Transportation Total 20. 6% 15. 5% 13. 8% 16. 0% 11. 9% 13. 5% 7. 2% 1. 4% 38. 9% 6. 3% 9. 6% 17. 0% 9. 1% 8. 4% 5. 2% 5. 5% 31. 8% 9. 7% 5. 2% 5. 8% 28. 2% 10. 6% 6. 1% 2. 7% 26. 3% 15. 5% 14. 6% 14. 1% 11. 5% 8. 4% 4. 9% 4. 7% 100. 0% Entertainment data includes gaming, spectator sports boating and marina activity and other categories. Copyright © 2007 Global Insight, Inc. 52

Regional Share of Statewide TSA + Under 50 Mile Expenditures Expenditure Category Share of Regional Tourism Spending Accommodation Providence Blackstone Valley Newport South County Warwick Balance of State East Bay Block Island Total Entertainment 8. 2% 2. 1% 26. 4% 24. 4% 9. 8% 3. 1% 2. 6% 36. 6% 24. 2% 50. 8% 27. 2% 12. 5% 11. 0% 10. 8% 15. 7% 25. 2% 13. 0% 24. 1% Food Shopping Transportation Total 24. 7% 31. 4% 29. 7% 35. 8% 32. 5% 50. 9% 46. 1% 9. 4% 26. 9% 7. 4% 11. 9% 21. 9% 14. 2% 18. 3% 19. 1% 21. 4% 16. 1% 8. 3% 4. 7% 5. 5% 32. 4% 16. 8% 16. 4% 7. 5% 100. 0% 100. 0% 31. 5% 18. 2% 13. 3% 100. 0% Warwick’s Transportation share is very high as TF Green Airport revenue is counted here. Copyright © 2007 Global Insight, Inc. 53

Regional Share of Statewide TSA Tourism Regional Share of State Expenditures by Category Accommodation Entertainment Food Shopping Transportation Total Providence Newport South County Warwick Blackstone Valley Balance of State Block Island East Bay 16. 5% 29. 7% 26. 4% 8. 7% 2. 5% 2. 0% 13. 2% 1. 0% 29. 5% 16. 6% 10. 4% 4. 9% 22. 6% 4. 2% 7. 0% 4. 8% 22. 5% 13. 9% 14. 7% 11. 4% 14. 5% 12. 7% 2. 9% 7. 5% 37. 0% 9. 1% 17. 2% 10. 9% 6. 0% 8. 0% 5. 6% 6. 2% 33. 0% 4. 8% 29. 3% 10. 1% 11. 0% 2. 2% 5. 6% 27. 2% 14. 9% 14. 5% 12. 8% 11. 8% 7. 6% 6. 1% 5. 0% Total 100% 100% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. As the TSA definition of tourism includes any overnight stay, accomodations results are the same for TSA and TSA + Under 50 Mile. Copyright © 2007 Global Insight, Inc. 54

Regional Share of Statewide TSA Tourism Expenditure Category Share of Regional Tourism Spending Accommodation Providence Newport South County Warwick Blackstone Valley Balance of State Block Island East Bay Total Entertainment 11. 9% 39. 0% 35. 7% 13. 3% 4. 2% 5. 1% 42. 2% 3. 9% 24. 3% 25. 0% 16. 1% 8. 7% 43. 1% 12. 4% 25. 7% 21. 3% 19. 6% 22. 5% Food Shopping Transportation Total 18. 7% 21. 1% 23. 0% 20. 1% 27. 9% 37. 7% 10. 7% 33. 7% 21. 5% 9. 7% 18. 8% 13. 4% 8. 1% 16. 6% 14. 4% 19. 4% 23. 6% 5. 2% 6. 5% 44. 5% 16. 7% 28. 1% 7. 0% 21. 6% 100. 0% 100. 0% 22. 7% 15. 8% 19. 5% 100. 0% Warwick’s Transportation share is very high as TF Green Airport revenue is counted here. Copyright © 2007 Global Insight, Inc. 55

TSA + Under 50 Mile Growth Rates by Region for 2006 Regional Growth Rates by Category 2006 vs 2005 Accomodation Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Grand Total Entertainment Food Retail Transportation Grand Total 7. 9% 0. 7% 7. 7% 3. 9% 1. 8% 0. 9% 0. 3% 7. 4% 2. 3% 3. 4% 1. 8% 0. 9% 1. 5% 1. 1% 0. 8% 12. 9% 4. 6% 0. 1% 0. 5% 2. 3% 2. 9% 2. 0% 2. 1% -0. 9% -5. 7% -4. 6% -6. 1% -4. 6% -6. 4% -6. 7% -7. 0% 5. 8% 0. 7% 1. 8% 0. 3% 3. 4% 0. 0% -0. 4% -0. 7% 8. 2% 2. 6% -0. 5% 1. 0% -0. 7% -0. 5% 2. 1% 1. 9% 3. 8% -5. 7% 0. 9% Retail is only sector where all regions saw a drop in 2006. Food saw the strongest and most evenly distributed category growth. Copyright © 2007 Global Insight, Inc. 56

TSA Tourism Growth Rates by Region for 2006 Regional Growth Rates by Category 2006 vs 2005 Accomodation Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Total Entertainment Food Retail Transportation Grand Total 7. 9% 0. 7% 7. 7% 3. 9% 1. 8% 0. 9% 0. 3% 8. 0% 2. 8% 3. 9% 2. 4% 0. 7% 2. 0% 1. 6% 1. 4% 7. 2% 4. 1% -0. 4% 0. 0% -0. 4% 2. 4% 1. 5% 1. 6% -0. 1% -4. 9% -3. 9% -5. 3% -4. 7% -5. 6% -6. 0% -6. 2% 5. 7% 0. 6% 1. 8% 0. 2% 3. 2% -0. 1% -0. 5% -0. 7% 5. 6% 2. 0% 3. 6% -0. 4% 0. 5% -0. 3% -0. 7% 2. 1% 2. 3% -5. 1% 0. 6% 0. 7% Retail is only sector where all regions saw a drop in 2006. Entertainment saw the strongest and most evenly distributed category growth. Copyright © 2007 Global Insight, Inc. 57

Regional Share of Statewide TSA + Under 50 Mile Visitation Regional Share of State Visitors 8. 4% 15. 5% 4. 7% 4. 9% 14. 6% 26. 3% 14. 1% 11. 5% 7. 9% 18. 0% 3. 4% 5. 0% 16. 8% 26. 7% 13. 0% 9. 2% Total Visitors (000) 1, 374. 9 3, 148. 3 596. 9 874. 5 2, 932. 0 4, 663. 8 2, 263. 7 1, 607. 2 100. 0% 17, 461. 4 Share of Expenditures Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Total Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as expensive accomodations in Block Island or high transportation revenue in Warwick Copyright © 2007 Global Insight, Inc. 58

Regional Share of Statewide TSA Tourism Visitation Regional Share of State Visitors 7. 6% 11. 8% 6. 1% 5. 0% 14. 9% 27. 2% 14. 5% 12. 8% 7. 9% 12. 8% 5. 5% 6. 4% 15. 4% 29. 4% 13. 3% 9. 3% Total Visitors (000) 627. 9 1, 014. 7 437. 5 511. 1 1, 224. 8 2, 337. 7 1, 060. 1 742. 0 100. 0% 7, 955. 8 Share of Expenditures Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Total Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as expensive accomodations in Block Island or high transportation revenue in Warwick Copyright © 2007 Global Insight, Inc. 59

Regional Share of Statewide Core TSA + Under 50 Mile Employment Regional Share of State Tourism Employment Share of State Expenditures Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Total Share of Total Employment 8. 4% 15. 5% 4. 7% 4. 9% 14. 6% 26. 3% 14. 1% 11. 5% 9. 8% 10. 7% 3. 3% 5. 9% 12. 4% 32. 4% 8. 8% 16. 7% Total Employment 5, 780 6, 322 1, 947 3, 458 7, 309 19, 111 5, 160 9, 813 100. 0% 58, 900 Biggest variances from spending shares are in regions where with a high concentration in one area, such as entertainment for Blackstone Valley, accomodations for Block Island South County, or transportation for Warwick Copyright © 2007 Global Insight, Inc. 60

Regional Share of Statewide Tourism Employment Regional Share of State Tourism Employment Share of State Expenditures Total 7. 6% 11. 8% 6. 1% 5. 0% 14. 9% 27. 2% 14. 5% 12. 8% 9. 3% 10. 1% 3. 5% 6. 3% 12. 3% 33. 5% 8. 2% 16. 8% Total Employment 3, 630 3, 930 1, 367 2, 441 4, 782 13, 038 3, 208 6, 559 100. 0% Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Share of Total Employment 100. 0% 38, 956 Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations in Block Island South County or high transportation revenue in Warwick Copyright © 2007 Global Insight, Inc. 61

Accommodation – Seasonal 2 nd Home Seasonal 2 nd homes are an important part of accommodation expenditure, especially for those regions part of Washington County. Rental Income (mn$) # of Seasonal 2 nd Homes $3. 9 280 KENT $11. 6 828 NEWPORT $91. 8 2, 551 PROVIDENCE $32. 8 1, 172 WASHINGTON $228. 4 8, 157 Total $368. 6 12, 988 County BRISTOL Source: Global Insight and US Bureau of Census Copyright © 2007 Global Insight, Inc. 62

Impact of Seasonal Homes on Accomodations Expenditures 13. 10 16. 37 86. 49 6. 55 194. 31 108. 03 172. 79 57. 14 Accomodations Without Seasonal Homes ($M) 9. 81 12. 26 8. 92 4. 77 102. 48 80. 92 17. 82 49. 24 654. 78 286. 22 Total Accomodations Expenditures ($M) Balance of State Blackstone Valley Block Island East Bay Newport Providence South County Warwick Total Copyright © 2007 Global Insight, Inc. Difference ($M) 3. 29 4. 11 77. 57 1. 77 91. 84 27. 11 154. 97 7. 90 368. 56 63

Regional Distribution of Tourism TSA + Under 50 mile Visitors Blackstone Valley $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $16, 369 $396, 818 $245, 766 $57, 712 $65, 134 $781, 798 15. 5% 2005 $16, 262 $388, 077 $235, 046 $61, 185 $64, 661 $765, 231 15. 3% 2004 $16, 338 $363, 146 $225, 829 $66, 573 $65, 952 $737, 838 14. 8% Copyright © 2007 Global Insight, Inc. 74

Regional Distribution of Tourism (TSA) Blackstone Valley $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $16, 369 $169, 619 $109, 923 $31, 686 $65, 765 $393, 363 11. 8% 2005 $16, 262 $165, 026 $105, 632 $33, 322 $65, 343 $385, 585 11. 6% 2004 $16, 338 $154, 447 $101, 347 $39, 706 $65, 846 $377, 683 11. 2% Copyright © 2007 Global Insight, Inc. 75

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Blackstone Valley Regional Share of State Expenditures by Category Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 2. 5% 32. 7% 32. 6% 32. 4% 15. 5% 15. 4% 15. 3% 6. 3% 9. 7% 9. 8% 15. 5% 15. 3% 14. 8% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 76

Regional Share of Statewide Tourism (TSA) Blackstone Valley Expenditure Category Share of Regional Tourism Spending Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 2. 5% 22. 6% 22. 5% 22. 4% 14. 5% 14. 3% 14. 2% 6. 0% 10. 1% 11. 8% 11. 6% 11. 2% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 77

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Regional Share of State Visitors 15. 5% 18. 0% Total Visitors (000) 3, 148. 3 100. 0% 17, 461. 4 Share of Expenditures Blackstone Valley State Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations or high transportation revenue. Copyright © 2007 Global Insight, Inc. 78

Regional Share of Statewide Tourism Visitation Regional Share of State Visitors 11. 8% 12. 8% Total Visitors (000) 1, 014. 7 100. 0% 7, 995. 9 Share of Expenditures Blackstone Valley State Copyright © 2007 Global Insight, Inc. Share of Visitation 79

Regional Distribution of Tourism TSA + Under 50 mile Visitors Block Island $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $86, 493 $59, 563 $22, 179 $50, 568 $17, 814 $236, 617 4. 7% 2005 $80, 302 $57, 612 $22, 152 $53, 023 $17, 491 $230, 579 4. 6% 2004 $80, 679 $53, 911 $17, 885 $57, 692 $17, 840 $228, 006 4. 6% Copyright © 2007 Global Insight, Inc. 80

Regional Distribution of Tourism (TSA) Block Island $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $86, 493 $52, 597 $21, 984 $29, 573 $14, 325 $204, 971 6. 1% 2005 $80, 302 $50, 611 $22, 062 $30, 759 $14, 077 $197, 810 6. 0% 2004 $80, 679 $47, 366 $21, 167 $36, 652 $14, 185 $200, 049 5. 9% Copyright © 2007 Global Insight, Inc. 81

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Block Island Regional Share of State Expenditures by Category Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 13. 2% 12. 5% 12. 4% 4. 9% 4. 8% 1. 4% 1. 5% 1. 2% 5. 5% 2. 7% 2. 6% 2. 7% 4. 6% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 82

Regional Share of Statewide Tourism (TSA) Block Island Expenditure Category Share of Regional Tourism Spending Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 13. 2% 12. 5% 12. 4% 7. 0% 6. 9% 2. 9% 3. 0% 5. 6% 5. 5% 2. 2% 6. 1% 6. 0% 5. 9% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 83

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Regional Share of State Visitors 4. 7% 3. 4% Total Visitors (000) 596. 9 100. 0% 17, 461. 4 Share of Expenditures Block Island State Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations or high transportation revenue. Copyright © 2007 Global Insight, Inc. 84

Regional Share of Statewide Tourism Visitation Regional Share of State Visitors 6. 1% 5. 5% Total Visitors (000) 437. 5 100. 0% 7, 995. 9 Share of Expenditures Block Island State Copyright © 2007 Global Insight, Inc. Share of Visitation 85

Regional Distribution of Tourism TSA + Under 50 mile Visitors East Bay $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $6, 548 $39, 074 $114, 507 $47, 340 $40, 759 $248, 228 4. 9% 2005 $6, 299 $38, 366 $113, 913 $50, 390 $40, 625 $249, 593 5. 0% 2004 $6, 328 $35, 902 $111, 990 $54, 827 $41, 436 $250, 483 5. 0% Copyright © 2007 Global Insight, Inc. 86

Regional Distribution of Tourism (TSA) East Bay $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $6, 548 $35, 990 $56, 857 $32, 742 $36, 464 $168, 600 5. 0% 2005 $6, 299 $35, 156 $56, 833 $34, 571 $36, 375 $169, 233 5. 1% 2004 $6, 328 $32, 902 $54, 527 $41, 194 $36, 655 $171, 606 5. 1% Copyright © 2007 Global Insight, Inc. 87

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors East Bay Regional Share of State Expenditures by Category Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 1. 0% 3. 2% 7. 5% 7. 6% 5. 2% 6. 1% 6. 2% 4. 9% 5. 0% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 88

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors East Bay Expenditure Category Share of Regional Tourism Spending Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 1. 0% 4. 8% 7. 5% 7. 7% 7. 6% 6. 2% 5. 6% 5. 0% 5. 1% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 89

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Regional Share of State Visitors 4. 9% 5. 0% Total Visitors (000) 874. 5 100. 0% 17, 461. 4 Share of Expenditures East Bay State Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations or high transportation revenue. Copyright © 2007 Global Insight, Inc. 90

Regional Share of Statewide Tourism Visitation Regional Share of State Visitors 5. 0% 6. 4% Total Visitors (000) 511. 1 100. 0% 7, 995. 9 Share of Expenditures East Bay State Copyright © 2007 Global Insight, Inc. Share of Visitation 91

Regional Distribution of Tourism TSA + Under 50 mile Visitors Newport $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $194, 314 $200, 312 $218, 622 $87, 710 $34, 850 $735, 809 14. 6% 2005 $190, 806 $198, 608 $213, 718 $91, 987 $33, 704 $728, 823 14. 6% 2004 $196, 664 $193, 836 $217, 007 $96, 450 $26, 005 $729, 961 14. 7% Copyright © 2007 Global Insight, Inc. 92

Regional Distribution of Tourism (TSA) Newport $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $194, 314 $124, 488 $105, 152 $48, 179 $26, 148 $498, 281 14. 9% 2005 $190, 806 $123, 609 $105, 573 $50, 566 $25, 334 $495, 889 14. 9% 2004 $196, 664 $118, 502 $104, 946 $60, 863 $25, 321 $506, 296 15. 0% Copyright © 2007 Global Insight, Inc. 93

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Newport Regional Share of State Expenditures by Category Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 29. 7% 29. 8% 30. 3% 16. 5% 16. 7% 17. 3% 13. 8% 14. 0% 14. 7% 9. 6% 9. 5% 9. 2% 5. 1% 3. 9% 14. 6% 14. 7% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 94

Regional Share of Statewide Tourism (TSA) Newport Expenditure Category Share of Regional Tourism Spending Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 29. 7% 29. 8% 30. 3% 16. 6% 16. 8% 17. 2% 13. 9% 14. 2% 14. 7% 9. 1% 9. 2% 4. 0% 3. 9% 14. 9% 15. 0% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 95

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Regional Share of State Visitors 14. 6% 16. 8% Total Visitors (000) 2, 932. 0 100. 0% 17, 461. 4 Share of Expenditures Newport State Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations or high transportation revenue. Copyright © 2007 Global Insight, Inc. 96

Regional Share of Statewide Tourism Visitation Regional Share of State Visitors 14. 9% 15. 4% Total Visitors (000) 1, 224. 8 100. 0% 7, 995. 9 Share of Expenditures Newport State Copyright © 2007 Global Insight, Inc. Share of Visitation 97

Regional Distribution of Tourism TSA + Under 50 mile Visitors Providence $(000) Accomodations Entertainment Food Retail Transportation Grand Total 2006 $108, 034 $319, 743 $326, 120 $355, 889 $212, 687 2005 $107, 151 $315, 015 $317, 067 $380, 103 $212, 704 2004 $107, 654 $294, 778 $309, 737 $413, 571 $216, 950 Copyright © 2007 Global Insight, Inc. 2 7 $1, 322, 474. 2 % 2 7 $1, 332, 040. 6 % 2 7 $1, 342, 689. 8 % Share of State 26. 3% 26. 7% 27. 0% 98

Regional Distribution of Tourism (TSA) Providence $(000) Accomodations Entertainment Food Retail 2006 $108, 034 $221, 056 $170, 571 $195, 395 $214, 746 $909, 802 27. 2% 2005 $107, 151 $216, 662 $166, 630 $207, 007 $214, 947 $912, 396 27. 5% 2004 $107, 654 $202, 772 $159, 869 $246, 669 $216, 601 $933, 565 27. 7% Copyright © 2007 Global Insight, Inc. Transportation Grand Total Share of State 99

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Providence Regional Share of State Expenditures by Category Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 16. 5% 16. 7% 16. 6% 26. 4% 26. 5% 26. 3% 20. 6% 20. 8% 21. 0% 38. 9% 39. 2% 39. 3% 31. 8% 32. 0% 32. 4% 26. 3% 26. 7% 27. 0% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 100

Regional Share of Statewide Tourism (TSA) Providence Expenditure Category Share of Regional Tourism Spending Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 16. 5% 16. 7% 16. 6% 29. 5% 29. 4% 22. 5% 22. 4% 37. 0% 37. 2% 33. 0% 33. 2% 27. 5% 27. 7% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 101

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Regional Share of State Visitors 26. 3% 26. 7% Total Visitors (000) 4, 663. 8 100. 0% 17, 461. 4 Share of Expenditures Providence State Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations or high transportation revenue. Copyright © 2007 Global Insight, Inc. 102

Regional Share of Statewide Tourism Visitation Regional Share of State Visitors 27. 2% 29. 4% Total Visitors (000) 2, 337. 7 100. 0% 7, 995. 9 Share of Expenditures Providence State Copyright © 2007 Global Insight, Inc. Share of Visitation 103

Providence Convention Data • Data covers RI Convention Center § Non-business data removed from RICC totals § Primary exclusion are the Public Shows • FY’ 07 Attendees drop due to a 28, 000 decrease (52%) in Trade Shows attendance. § Revenue from Trade Shows was down 26% § Revenue from Meetings was up 39% Copyright © 2007 Global Insight, Inc. Revenue Attendees FY ‘ 07 $5, 756, 185 90, 602 FY ‘ 06 $5, 401, 410 120, 066 FY ‘ 05 $5, 303, 260 119, 093 104

Regional Distribution of Tourism TSA + Under 50 mile Visitors South County $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $172, 789 $88, 450 $253, 461 $155, 319 $38, 867 $708, 887 14. 1% 2005 $171, 252 $87, 481 $248, 514 $166, 531 $39, 021 $712, 799 14. 3% 2004 $172, 056 $81, 861 $238, 162 $181, 194 $39, 800 $713, 074 14. 3% Copyright © 2007 Global Insight, Inc. 105

Regional Distribution of Tourism (TSA) South County $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $172, 789 $78, 105 $111, 441 $90, 833 $31, 255 $484, 422 14. 5% 2005 $171, 252 $76, 850 $109, 789 $96, 605 $31, 405 $485, 901 14. 6% 2004 $172, 056 $71, 923 $105, 334 $115, 114 $31, 647 $496, 074 14. 7% Copyright © 2007 Global Insight, Inc. 106

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors South County Regional Share of State Expenditures by Category Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 26. 4% 26. 7% 26. 5% 7. 3% 16. 0% 16. 3% 16. 1% 17. 0% 17. 2% 5. 8% 5. 9% 14. 1% 14. 3% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 107

Regional Share of Statewide Tourism (TSA) South County Expenditure Category Share of Regional Tourism Spending Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 26. 4% 26. 7% 26. 5% 10. 4% 10. 5% 10. 4% 14. 7% 14. 8% 14. 7% 17. 2% 17. 4% 17. 3% 4. 8% 4. 9% 14. 5% 14. 6% 14. 7% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 108

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Regional Share of State Visitors 14. 1% 13. 0% Total Visitors (000) 2, 263. 7 100. 0% 17, 461. 4 Share of Expenditures South County State Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations or high transportation revenue. Copyright © 2007 Global Insight, Inc. 109

Regional Share of Statewide Tourism Visitation Regional Share of State Visitors 14. 5% 13. 3% Total Visitors (000) 1, 060. 1 100. 0% 7, 995. 9 Share of Expenditures South County State Copyright © 2007 Global Insight, Inc. Share of Visitation 110

Regional Distribution of Tourism TSA + Under 50 mile Visitors Warwick $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $57, 138 $63, 788 $188, 859 $82, 771 $188, 494 $581, 050 11. 5% 2005 $56, 969 $63, 253 $185, 036 $88, 977 $189, 735 $583, 970 11. 7% 2004 $57, 236 $59, 190 $181, 975 $96, 811 $193, 522 $588, 733 11. 8% Copyright © 2007 Global Insight, Inc. 111

Regional Distribution of Tourism (TSA) Warwick $(000) Accomodations Entertainment Food Retail Transportation Grand Total Share of State 2006 $57, 138 $37, 143 $86, 138 $57, 462 $190, 839 $428, 719 12. 8% 2005 $56, 969 $36, 641 $84, 799 $61, 272 $192, 258 $431, 939 13. 0% 2004 $57, 236 $34, 292 $81, 358 $73, 012 $193, 738 $439, 636 13. 0% Copyright © 2007 Global Insight, Inc. 112

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Warwick Regional Share of State Expenditures by Category Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 8. 7% 8. 9% 8. 8% 5. 3% 11. 9% 12. 1% 12. 3% 9. 1% 9. 2% 28. 5% 28. 9% 11. 5% 11. 7% 11. 8% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 113

Regional Share of Statewide Tourism (TSA) Warwick Expenditure Category Share of Regional Tourism Spending Accomodations 2006 2005 2004 State Entertainment Food Retail Transportation Total 8. 7% 8. 9% 8. 8% 4. 9% 5. 0% 11. 4% 10. 9% 11. 0% 29. 3% 29. 7% 12. 8% 13. 0% 100. 0% Accomodation data includes seasonal second home rentals, which creates significant differences in share from state room tax data. Copyright © 2007 Global Insight, Inc. 114

Regional Share of Statewide Tourism TSA + Under 50 mile Visitors Regional Share of State Visitors 11. 5% 9. 2% Total Visitors (000) 1, 607. 2 100. 0% 17, 461. 4 Share of Expenditures Warwick State Share of Visitation Biggest variances from spending shares are in regions where there is a dominant category, such as accomodations or high transportation revenue. Copyright © 2007 Global Insight, Inc. 115

Regional Share of Statewide Tourism Visitation Regional Share of State Visitors 12. 8% 9. 3% Total Visitors (000) 742. 0 100. 0% 7, 995. 9 Share of Expenditures Warwick State Copyright © 2007 Global Insight, Inc. Share of Visitation 116

Thank You! Ken Mc. Gill Executive Managing Director, Travel & Tourism Ken. mcgill@globalinsight. com