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Tax refund spending could help Florida businesses and workers

On Behalf of | Apr 28, 2011 | Debt Relief

As the economy declined, much of the tourism in Florida went with it. Businesses and their employees who used to rely on tourists for consistent income have had to face the reality that fewer people have been visiting Florida in recent years. This put financial strain on people who were already struggling to make ends meet.

Now, Travel Leaders (a major travel agency organization) has released survey results indicating that travel to Florida might pick up this year. That would be good news for many in Florida who have been struggling financially, and it could help small businesses in the tourism industry get back on their feet.

According to Travel Leaders, 83 percent of the nearly 1,000 Americans surveyed said that they planned to spend the same amount of money or more on vacations this year than the spent last year. Even more said that they planned to travel for fun at least once in 2011.

57 percent of the survey respondents said that they were planning to use some or all of their tax return money for travelling. Further, most said that Florida was their top destination within the United States. As tax returns put more money in consumers’ pockets, the Florida tourism business will hopefully pick back up again.

Although tourism is certainly not Florida’s only industry to be impacted by the recession, this news could be a sign of other good things to come. If more people visit Florida and spend money here, residents of the state could directly benefit. Hopefully, we will also see a trend toward more financial stability and more people getting the relief they need from debt.

Source: The Grand Rapids Press, “More people using their tax refunds on travel, according to survey,” Shandra Martinez, 27 April 2011


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