South Carolina’s tourism industry grew to $20.2 billion in 2016 and generated $1.5 billion in state and local sales tax, according to S.C. Department of Parks, Recreation & Tourism Director Duane Parrish.
These preliminary figures were released at the S.C. Governor’s Conference on Tourism and Travel in Spartanburg. Final estimates won’t be available until 2018.
The estimates represent 6.1 percent growth year-over-year and the fourth straight year of growth in the industry. The largest sector of growth was in capital investment (25 percent) and international visitor spending (12.5 percent).
This post contains excerpts from an article published by GSA Business Report. Read the full article here>>