Tourism helps provide that cash for Virginia Beach.
The tourism and convention industry is one of our largest and most dependable economic engines. It pumps one and a half billion dollars into the City annually, continuously building our economy. Last year, tourism employed nearly 14,000 area residents and deposited $78.4 million in tax revenue into our City’s budget. City Council decides how to use that money – on things like helping educate our kids, building roads, fighting crime and collecting garbage. Watch that money move through our community.
Without tourism, more of the financial burden for running the City would fall on residents, in the form of higher real estate tax rates.