Texas could suffer billions in losses and thousands in jobs if lawmakers pass controversial bathroom law

San Antonio River Walk (Jack Dennis)

Texas legislature is considering a bill that could result in losses of over $3 billion in tourism dollars and 35,600 full-time jobs. A study by a renowned financial analysis group contends that legislative action to restrict bathroom access based on the gender on an individual’s birth certificate could be extremely detrimental to the state’s travel and tourism activity.

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A more desolate River Walk? (Jack Dennis)

M. Ray Perryman of The Perryman Group estimates that initial losses of almost $3.3 billion per year as well as the loss of over 35,600 full-time equivalent (FTE) jobs, “with annual losses of $176.4 million in State revenue and $84.3 million in local fiscal resources. With the law in effect for a period of time, these losses could be expected to rise to $5.5 billion in annual gross product and almost 59,600 jobs. The yearly losses in State revenue are estimated to be $295.2 million, with a $141.1 million yearly decrease in local fiscal resources.”

The analysis concluded the San Antonio area would be especially hit with losses because it “is among the most popular destinations in Texas for travelers,” Perryman noted. “The area’s attractions are numerous, including the San Antonio River Walk, historic missions such as the Alamo, museums, theaters, amusement parks, historic Market Square, a vibrant arts scene, and much more. When multiplier effects are considered, I estimate that travel and tourism generates $13.3 billion in annual gross product, 145,500 jobs, and $127.2 million in annual tax receipts in the local area.”

“some meetings and events would be canceled and that some leisure travelers will also avoid the state. The resulting reduction in travel and tourism would involve substantial economic costs.”

Perryman was recently commissioned by the “San Antonio Area Tourism Council and Visit San Antonio to quantify the overall potential losses to the travel and tourism industry in the San Antonio area and Texas associated with the social policy currently under consideration.”

Texas is number one in job creation in the United States. (NEWSLEGIT)

“Regardless of their stated purpose, controversial laws can reduce travel and tourism,” Perryman noted. “Any law with the potential to reduce attendees, for example, can cause professionals who organize conferences and events to avoid that location. In addition, scheduling an event in a location with a law that is considered to be offensive by some groups can be interpreted as support for the policy, and some organizations will choose to avoid locations with controversial laws in order to avoid the appearance of approval of the public policy.”

Perryman noted that such with such a controversial law, “some meetings and events would be canceled and that some leisure travelers will also avoid the state. The resulting reduction in travel and tourism would involve substantial economic costs.”

“In states where such bills have been passed, a number of events have been moved elsewhere,” Perryman revealed. “We studied results in those areas and adjusted them for the size of the tourism and travel market in Texas; we also took into consideration surveys of travelers and event planners.”

“Losses could be expected to rise to $689.2 million in annual gross product and almost 7,780 jobs, while lost tax receipts to local governments total $18.9 million per year in the San Antonio area.”

The study indicates that “the San Antonio area would be particularly hard hit…and found that the initial impact on business activity in the San Antonio-New Braunfels Metropolitan Statistical Area would likely be a loss of gross product of $411.9 million each year as well as a loss of almost 4,650 jobs. The fiscal impact on San Antonio would also be significant, with estimated lost tax receipts totaling $11.3 million per year. At maturity, the losses could be expected to rise to $689.2 million in annual gross product and almost 7,780 jobs, while lost tax receipts to local governments total $18.9 million per year in the San Antonio area. Losing even one major convention or sporting event would involve substantial costs.”

“It should be noted that this analysis represents minimal levels of effect,” the report stated. “It includes the lower bound of a 95 percent confidence interval from available data for leisure travelers and convention locations in states with a variety of restrictive laws. It does not include business travelers other than for conventions, international travelers, any major concerts or sports events that might be cancelled, among many other categories without adequate data to quantify.”

The reported also stated that “the potential losses of passing a bathroom bill are quite profound, resulting in billions of dollars of foregone output each year and tens of thousands of full-time equivalent jobs. Even beyond these costs are other potential negative outcomes such as extensive litigation, reduced economic development, and other issues that extend well beyond tourism which could fundamentally alter the potential growth path of the state.”

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1 Comment on "Texas could suffer billions in losses and thousands in jobs if lawmakers pass controversial bathroom law"

  1. I don’t believe it. Just look at the added tourists that would come here because of the bathroom bill.The left wants us to believe no one would come to Texas just because we want boys to go to boys and girls to go to girls bathrooms and dressing rooms. I don’t not want to go in a woman’s restroom and see a man or boy in there. And I sure don’t want my granddaughters having to deal with a man or boy in the restroom with them. This is just crazy. This is another way for the left to try to destroy our country, our values, our morals, and our way of life. If these professional sport teams say they will not come to a state that doesn’t go along with letting boys in girls bathrooms then don’t come to Texas. How much money are those sport teams going to loose by not coming to Texas? We need to stand up and tell them not to mess with Texas. They are trying to turn Texas blue just like they have been messing with North Carolina. Come on Texas stay RED and strong.

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