Visitors arriving at Reagan National and Dulles International airports bring $9 billion in spending to area businesses
The Metropolitan Washington Airports Authority supported more than 187,000 jobs and contributed $23.6 billion to the National Capital Region’s economy in 2017, including $9 billion spent by visitors arriving by air, according to an economic impact study by a leading international research firm.
The Airports Authority, which operates Reagan National and Dulles International airports and the Dulles Toll Road and manages construction of the Silver Line extension of the region’s Metrorail transit system, spent more than $950 million during the year, 80 percent of which went to local businesses.
Reagan National and Dulles International brought 8.4 million visitors to the National Capital Region from across the country and around the world, who spent about $9 billion across the area on transportation, lodging, food, entertainment and shopping. If all its economic activity were combined into a single private-sector corporation, the Airports Authority would have ranked No. 123 on the Fortune 500 list for 2017, according to the study.
“This research validates the Airports Authority’s progress in pursuing our missions of serving the traveling public and supporting local economic growth and development,” said Airports Authority president and CEO Jack Potter. “Our partnerships with state and local governments, particularly in the increasingly important area of promoting travel and tourism in our region, have been instrumental in our success.”
The study, commissioned from London-based IHS Markit, a business information provider, looked at the regional economic impact of Reagan National and Dulles International airports and their combined 46.6 million passengers per year, along with the impact of the Airports Authority’s construction of the Silver Line Metrorail project and Dulles Toll Road. The analysis was structured around the key economic impact categories of visitor spending, travel services and local spending.
Other key findings of the study, based on 2017 data, include:
More information on the report can be found at http://bit.ly/econimpactreport.
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