Spending Increases by 15 Percent for Non-Resident Montana Tourists
"The take home message is that we're up 15 percent in non-resident spending in this state over 2011," said institute director Norman Nickerson. "It's a big percent even though there was only a 2 percent increase in the number of visitors. They were definitely spending more money when they were here this past year."
Spending was up for a number of reasons, not the least of which is a set of new laws in Canada that allow larger tax-free purchases of American goods. Nickerson said low exchange rates for those traveling from out of country also had a huge impact.
The economic impact of non-resident tourists is estimated at around 3.33 billion for 2011. In 2012, preliminary estimates put the economic impact of non-resident tourists at over 4 billion dollars.