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Asheville Economic Impact Information
Visitors significantly contribute to the Asheville economy. In 2021, visitors spent $2.6 billion, according to preliminary research received in July 2022 from Longwoods International and Tourism Economics.
The benefits of visitor spending are distributed across many business categories. Although the occupancy tax shoulders 100% of the destination marketing investment for our community, lodging partners in 2021 garnered just under a third of the visitor spending at 31%. Restaurants and breweries, local shops, recreation, entertainment and tour providers and transportation companies reaped 69% – the lion’s share of visitor spending rewards
Click below for the Asheville Annual Report
This is a great reseource for all of Asheville Strategic Initiatives as we continue our fast paced growth
Here is an example of a highlight report that is offered on the site.
What is the Buncombe County Tourism Development Authority?
The Buncombe County Tourism Development Authority is the public authority created in 1983 by an act of the North Carolina Legislature to oversee the collection and investment of occupancy taxes paid by travelers who stay overnight in commercial lodging establishments, such as hotels and motels, bed and breakfast operations, and vacation rentals such as Airbnb and VRBOs. The members of the Buncombe County TDA Board have a fiduciary responsibility to ensure that the tax dollars are spent in accordance with the specific legislation governing their use.