Not just this year, but many years running, Atlantic City has been host to a plethora of events—from the New Jersey Education Association Convention to the Challenge Atlantic City Triathlon. With such a wide variety of events, it’s not a shocker to think they have significantly boosted the economy.
Ocean County’s tourism industry in New Jersey continues to get bigger and bigger. And, according to Joseph H. Vicari, freeholder and chairman, Department of Business Development and Tourism, there’s nowhere to go but up.
“Tourism is a $4.3 billion industry in Ocean County, but by the end of this year I’m predicting it will be at $4.4 billion,” he says. “Every dollar that tourism brings into the county circulates seven times, providing jobs, paying taxes and strengthening our local economy.”
A 1968 Shelby convertible, a 1931 Bugatti Royale and a number of classic Corvettes paraded through the Hershey Harrisburg Region July 30–Aug. 2 and resulted in an estimated economic impact of $10.5 million.
Atlantic City has announced a stellar quarter and representatives believe this will welcome even more business in the coming months.
“The key indicators show that the current operators continue to improve,” says Matthew Levinson, chairman, New Jersey Casino Control Commission. “Gaming revenue is up, total revenue is up, net revenue is up, gross operating profits are up, hotel occupancy rate is up and the average room rate is up. ”
Last week, the Board of the Casino Reinvestment Development Authority approved several measures at its meeting, including the installation of more LED bulbs, added security cameras along the entirety of the boardwalk, the funding of summer activities and help with the restoration efforts of the Midmer Losh organ at Boardwalk Hall.