The final good yr for tourism spending in Owensboro and the remainder of the nation was 2019.
The state reported that vacationers spent $228.49 million right here that yr.
That is $9.97 million greater than a yr earlier.
Then COVID hit in 2020 and tourism plummeted.
However the vacationers returned final yr.
The most recent authorities report says they spent $227.3 million right here in 2021.
Hancock acquired $7.5 million from tourism; McLean had $3.3 million; Muhlenberg, $43.5 million; and Ohio, $23.7 million.
In 2021, vacationers throughout the state spent $11.2 billion.
• Gasoline costs proceed to say no.
The most affordable fuel within the metropolis on Friday was $3.26, whereas the typical value right here was $3.40.
AAA mentioned the state common was $3,407 and the nationwide common was $4,683.
Two months in the past, our common was $4,683.
• This week Nation’s Restaurant Information revealed a listing of the ten largest restaurant chains in America primarily based on the variety of areas.
Subway, Starbucks, McDonald’s, Dunkin’, Taco Bell, Burger King, Pizza Hut, Domino’s, Wendy’s and Dairy Queen ranked from first to tenth.
• CNBC just lately reported that US retailers introduced plans to open 4,432 shops and shut 1,954 shops this yr, based on Coresight Analysis.
So regardless of inflation, provide chain points and all the pieces else, greater than twice as many shops open as they shut.
• Ollie’s Discount Outlet continues to develop.
The chain just lately opened its 450th retailer in Overland Park, Kansas.
The corporate opens 50 to 55 shops every year, approaching the aim of not less than 1,050 shops.
• Jack Kleinhenz, chief economist on the Nationwide Retail Federation, says the recession does not trouble him.
ChainStoreAge.com reported this week that it mentioned: “We consider that though the economic system is working at a slower tempo, a recession is more likely to be prevented this yr.
“Regardless of ongoing uncertainty, we consider the underlying power of the economic system is robust sufficient to deal with inflation and include a recession – or short-lived, even when we’re mistaken.”
The report says: “A crucial indicator that would sign the onset of a recession could be a major decline in employment,” Kleinhenz mentioned. However the unemployment price in June was 3.6%, virtually half a share level decrease than at first of the yr and solely barely above the 50-year pre-pandemic low of three.5% seen in January 2020.”
NRF nonetheless expects retail gross sales to develop 6-8% in 2022 in comparison with 2021.
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