Linking the economy and environment of Florida Keys/ Florida: Economic contribution of recreating visitors to the Florida Keys/ Key West.

Linking the economy and environment of Florida Keys/ Florida: Economic contribution of recreating visitors to the Florida Keys/ Key West.

Primary Country: United States
Ecosystem: multiple
Sample Value Estimates:
Economic impact of visitor expenditures in Monroe County (Florida Ke
  1. .
  2. $1.19 Billion: visitor spending
  3. $833.6 million: direct output
  4. $316.26 million: direct income
  5. $1.33 billion: total output
  6. $506.01 million: total income
  7. $413.00 / trip / person: summer visitor spending per person-trip
  8. $490.04 / trip / person: winter visitor spending per person-trip
Methodology: IMPLAN input-output model
Region: Americas / Gulf of Mexico
Data source: NOAA's Coral Reef Valuation Database

Publication information

English, D Kriesel, W.Leeworthy, V.Wiley, P. “Linking the economy and environment of Florida Keys/ Florida: Economic contribution of recreating visitors to the Florida Keys/ Key West. ” National Oceanic and Atmospheric Administration (NOAA) Strategic Environmental Assessments Division, with United States Departnment of Agriculture (USDA)-Forest Service, University of Georgia- Department of Agricultural and Applied Economics, 1996

Addtional Notes

Direct Employment: 13,655 full and part-time jobs. Total Employment: 21,848 full and part-time jobsReport

English, D. B. K.//Kriesel, W.//Leeworthy, V. R.//Wiley, P. C.

11/1997

Economic Contribution of Recreation Visitors to the Florida Keys/Key West

Athens, GA: USDA Forest Service, Outdoor Recreation and Wilderness Assessment Group and University of Georgia, Department of Agricultural and Applied Economics, Silver Spring, MD: National Oceanic and Atmospheric Administration, Strategic Environmental Assessments Division.pp. 1-23

economic impact/economic contribution/sales/output/income/employment/visitor/tourist/recreation

The report is part of the project "Linking the Economy and Environment of the Florida Keys/Florida Bay" and estimates serve as baselines for the Socioeconomic Monitoring Program for the Florida Keys National Marine Sanctuary. Visitors to the Florida Keys were surveyed in the summer (June-November 1995) and the winter (December 1995-May 1996) seasons. The survey included a stratified random sample of visitors. Sample were stratified by season and by mode of access (e.g., auto, air and cruise ship). The design allowed for estimation of visitation and the development of sample weights to extrapolate from sample to population. A combination on-site sample and mailback sample was used. Visitor demographics, length of stay and activity participation was obtained in the on-site survey. Expenditures were obtained from a mailback survey handed to the visitor upon completing the on-site survey. The expenditure survey obtained information on detailed items for the entire trip, the amount spent in South Florida (Broward, Miami-Dade and Monroe counties) and the amount spent in Monroe County (Florida Keys). Expenditures were normalized on a per person-trip basis fro extrapolation from sample to population (total expenditures). Sample weights were constructed to account for mailback response bias. The IMPLAN input-output model was used for estimating economic impact or economic contribution for South Florida. The IMPLAN model develops estimates of direct, indirect, induced and total impacts for output, value added, income and employment. Employment is reported as full-time equivalents. For Monroe County (Florida Keys), the IMPLAN model was unreliable because too many model assumptions are violated leading to overestimates of economic impact or economic contribution. Very few inputs of production are produced in the Florida Keys, including water and electric. Many workers do not live in Monroe County. Given the uniqueness of the economy of the Florida Keys, a separate model was developed using wages-to-sales ratios and wages-to-employment ratios by industry for Monroe County from the Economic Censuses. U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Information System data for Monroe County was used for deriving proprietor's income and employment. Keynesian regional economic multipliers were used for income and employment from a study done on Monroe County. This approach yielded estimates of direct and total impact for output, income and employment. Employment here was defined as full and part-time number of jobs. South Florida Visitor Spending: $1.67 billion Direct Output: $1.27 billion Direct Value Added: $866.3 Million Direct Income: $753.28 Million Direct Employment: 14,493 full-time equivalent jobs Indirect Output: $269.4 Million Indirect Value Added: $160.5 Million Indirect Income: $143.3 Million Indirect Employment: 11,374 full-time equivalent jobs Induced Output: $1.4 Billion Induced Value Added: $896.1 Million Induced Income: $790.5 Million Induced Employment: 11,374 full-time equivalent jobs Total Output: $2.94 Billion Total Value Added: $1.92 Billion Total Income: $1.69 Billion Total Employment: 27,822 full-time equivalent jobs Monroe County (Florida Keys) Visitor Spending: $1.19 Billion Direct Output: $833.57 Million Direct Income: $316.26 Million Direct Employment: 13,655 full and part-time jobs Total Output: $1.33 billion Total Income: $506.01 Million Total Employment: 21,848 full and part-time jobs Visitor Spending Per Person-trip (Summer Visitors): Trip Related Expenditures Total Trip: $877.63 In S. FL: $619.52 In Monroe County: $413.00 Visitor Spending Per Person-trip (Winter Visitors): Trip Related Expenditures Total Trip: $922.47 In S. FL: $667.17 In Monroe County: $490.04 Season or Annual Expenditures in Monroe County, including Boat Storage and Marina Fees, Condo and Time Share Fees and RVMonroe County, Florida (Florida Keys) and Florida Keys National Marine Sanctuary

All habitats in Florida Keys National Marine Sanctuary

All activities on trips to Florida Keys

On-site and mailback surveys of visitors to the Florida Keys. 1,334 summer season visitors sampled on-site of which 505 (37.86 percent) responded to the expenditure mailback survey. 2,250 winter visitors sampled on-site of which 1,036 (46.04 percent) responded to the expenditure mailback.

June 1995 - May 1997

South Florida Visitor Spending: $1.67 billion Direct Output: $1.27 billion Direct Value Added: $866.3 Million Direct Income: $753.28 Million Direct Employment: 14,493 full-time equivalent jobs Indirect Output: $269.4 Million Indirect Value Added: $160.5 Million Indirect Income: $143.3 Million Indirect Employment: 11,374 full-time equivalent jobs Induced Output: $1.4 Billion Induced Value Added: $896.1 Million Induced Income: $790.5 Million Induced Employment: 11,374 full-time equivalent jobs Total Output: $2.94 Billion Total Value Added: $1.92 Billion Total Income: $1.69 Billion Total Employment: 27,822 full-time equivalent jobs Monroe County (Florida Keys) Visitor Spending: $1.19 Billion Direct Output: $833.57 Million Direct Income: $316.26 Million Direct Employment: 13,655 full and part-time jobs Total Output: $1.33 billion Total Income: $506.01 Million Total Employment: 21,848 full and part-time jobs Visitor Spending Per Person-trip (Summer Visitors): Trip Related Expenditures Total Trip: $877.63 In S. FL: $619.52 In Monroe County: $413.00 Visitor Spending Per Person-trip (Winter Visitors): Trip Related Expenditures Total Trip: $922.47 In S. FL: $667.17 In Monroe County: $490.04 Season or Annual Expenditures in Monroe County, including Boat Storage and Marina Fees, Condo and Time Share Fees and RV or Trailer Park Fees. Summer Visitors (Normailized to Per Person-trip): $9.51 Winter Visitors (Normalized to Per Person-trip): $18.26On-site and mailback surveys of visitors to the Florida Keys. 1,334 summer season visitors sampled on-site of which 505 (37.86 percent) responded to the expenditure mailback survey. 2,250 winter visitors sampled on-site of which 1,036 (46.04 percent) responded to the expenditure mailback.

For South Florida (Broward, Miami-Dade and Monroe counties), the IMPLAN input-output model was used. For Monroe County, wages-to-sales ratios and wages-to-employment ratios by industry were used to derive direct wages and salaries and direct employment estimates. These ratios were from the 1992 Economic Censuses for Monroe County by the U.S. Department of Commerce, Bureau of the Census. Total Direct income and employment were derived by using the ratio of wages and salaries to total income to derive proprietor's income and the ratio of proprietor's income to proprietor's employment to dervive proprietor's employment. These ratios were from the U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Information System for Monroe County (1998). Total direct output, income and employment were then converted to total output, income and employment using Keynesian local multipliers dervived from a study by Bell (1991) for Monroe County.

1542

Visitors to Monroe County (Florida Keys) June 1995 - May 1997

Samples were stratified by season (summer and winter) and by mode of access to the Florida Keys (e.g., auto, air and cruise ship). Estimates of total person-trips were made by season and mode of access and samples were weighted to estimate mean expenditures per person-trip by season and mode of access.

Bob Leeworthy

Information provided when available, for more information please visit the original database or PDF.