UMaine, Maine Development Foundation release report on tourism
The Maine Development Foundation and the University of Maine’s School of Economics recently released a quarterly report analyzing tourism — a critical economic indicator in Maine.
The latest report, “The High Seasonality of Tourism in Maine,” uses data on the state’s taxable lodging sales to examine the seasonal nature of tourism in Maine, which plays a vital role in the state’s economy.
Over half of Maine’s tourist activity occurs over the summer months, with considerably less occurring during the “shoulder season” of May, September and October, according to the MDF.
The report by UMaine economist Todd Gabe also looks at the contributions of various regions to overall tourist activity in Maine.
The report is the seventh in a series exploring the indicators in “Measures of Growth,” the Maine Economic Growth Council’s annual report on the critical factors in Maine’s economy.
The full report is on the MDF website.