Here’s a look at the major, multi-billion dollar impact Spring Break has around the world
Every year students of all ages escape from the stresses of school and enjoy the warm weather and raucous fun of Spring Break. However, Spring Break is not just a time for relaxation; it is also a major economic event for various businesses including hotels, restaurants, and entertainment destinations. Let’s take a look at the recent economic impact of Spring Break domestically and around the world.
Spending During Spring Break
According to the National Retail Federation, college students alone spend an estimated $5.5 billion during Spring Break. Spending on Spring Break vacations can also add significantly to the overall economic impact.
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By some estimates, expenses can reach up to $1,000 per person. This spending contributes to various sectors, including accommodations, food and beverage, groceries, gas, and transportation.
This spending plays a major role in various, specific regions of the United States, like:
Top Spring Break destinations
These cities rely strongly on the annual economic impact of Spring Break.
- Miami Beach, Florida
- South Padre Island, Texas
- Las Vegas, Nevada
- San Diego, California
- Moab, Utah
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Regional Differences in Spring Break Dates
Spring Break also occurs at different times in various regions, allowing small touristic destinations to attract tourists during their designated Spring Break weeks.
Small beach towns or ski resorts, that may not be able to compete with the big tourist destinations during the summer months, may attract a large number of visitors and make significant profits during Spring Break.
Other Small Spring Break Destinations
- Gulf Shores, Alabama
- Lake of the Ozarks, Missouri
- Taos, New Mexico
- Destin, Florida.
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Economic Impact by Sectors
The economic impact of Spring Break can be broken down into various sectors.
- Accommodations, including hotels and vacation rentals, are among the biggest beneficiaries of Spring Break spending.
- Restaurants and bars see a boost in business, as do grocery stores and gas stations.
- Transportation, including rental cars and airfare, also benefits from the increased demand.
From Vegas to Miami Beach, Spring Break Means Big Money Across America
Touristic destinations, both big and small, see a significant economic impact from Spring Break.
In large destinations like Cancun, Mexico, or Miami Beach, Florida, the influx of tourists can bring in millions of dollars in revenue.
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Smaller destinations such as beach towns or ski resorts also benefit greatly.
For example, a small ski town in Colorado can see a major increase in business during Spring Break, even if it doesn't have the name recognition of a large resort like Vail or Aspen.
Spring Break Also Goes Worldwide
The economic impact of Spring Break is not limited to the United States. Many students choose to travel abroad during this time, providing an economic boost to international destinations. In 2019, according to a survey by StudentUniverse, 11% of Spring Breakers traveled internationally.
Popular destinations included Mexico, the Caribbean, and Europe.
How Money Rules the World of Spring Break
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Spring Break is more than just a time for students to unwind and have fun. It is a critical part of the economy, supporting numerous businesses and jobs across multiple sectors.
From large touristic destinations to small towns, Spring Break provides an opportunity for businesses to thrive and for communities to benefit from increased economic activity.
As long as students and families continue to travel during this time, Spring Break will remain an important driver of economic growth.
