We just can't sit on our money scared and hoping things are going to happen. It takes money to generate more money. Look at advertising. For every dollar my County pays for tourism advertising it generates $30 in spending. That's a pretty good return on investment, much better than what the banks are paying! Who's out there advertising now? The regular big boys, Disney, Coke, Pepsi, etc. Why? Because people are spending money, they're being more cautious but for now, people are spending and companies are fighting to get their business.
And I'm sorry Mr. Obama, I've been supporting you but executives shouldn't be punished for planning incentive and other business trips to Las Vegas or anywhere else, for that matter. Who do you think is benefiting from those trips? Directly the hotels, restaurants, airlines, souvenir shops, ground transportation services, etc. Indirectly, the utility companies who supply the electricity to the hotel, fuel companies for providing fuel to the planes and taxis, you get the idea.
The perception of business travel is that it's all fun and games but that's because we business travelers don happy faces when in fact, business travel can be a bear. It's no fun being stuck in a foreign airport for 24 hours sitting in the same cloths with no access to a bed, shower, or decent food. Or what about when luggage is lost or when booth displays don't show up at the booth? Or being stuck in the middle seat on a 6-hour trans-Atlantic flight being stuck next to the big sweaty guy. Oh yeah, business travel is a blast.
There was a big ol' bash in D.C. on January 20 and I know there was a lot of money spent on it. Remember, I was there, and saw how many businesses benefited from all the parties, galas and good times.
I may be alone in this but I'm going to keep spending money, not frivolously but responsibly. So doing my patriotic duty, this is how I stimulated the economy today:
- Lunch at Subway + Tip
- 1 Ticket to the Tampa Bay Rays vs. Puerto Rico Exhibition Game
- Parking at the Charlotte Sports Park
- Drink + Tip at the Tiki Bar at the Charlotte Sports Park, pre-Rays game
- Pizza and soda at the Charlotte Sports Park
- Weekly Veggie Farm Share
Note: The Title of this post has been modified to reflect the actual date, I was a day ahead!