The upcoming solar eclipse, visible from Texas to Maine on Monday, is expected to generate significant economic activity. Businesses and travel companies are taking advantage of the event to boost sales for various products and services. The Perryman Group has estimated that the eclipse could bring in several billion dollars to the economy through direct tourist spending and other related consumption.
While the eclipse is a one-day event, many areas are hoping to benefit in the long run from the influx of visitors. The event will shine a spotlight on areas that typically do not receive much media coverage, potentially leading to increased tourism and development opportunities.
The Perryman Group uses surveys, industry data, and other inputs to estimate the economic impact of events like the eclipse. These estimates are sold to clients such as corporations and government groups. The report ranks states along the eclipse’s “path of totality” based on the expected economic impact, with Texas at the top ($1.4 billion) and New Hampshire at the bottom ($2 million).
Overall, the solar eclipse is anticipated to have a significant economic impact, beyond just the excitement of observing this rare event.
