Region is on track to greet 50 million visitors a year, and these visitors spent more than $18 billion in our economy this year. At the same time, the hospitality and tourism industry also serves our 10 million local residents. Accordingly, the report delineates the two separate components (traded versus local-serving), which are very different in terms of their composition, workforce needs, intermediate purchases and economic impacts — distinctions that have clear implications for how policymakers and stakeholders formulate programs to encourage not only more jobs but also better-paying jobs.
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