The League of American Bicyclists has recently released a report on the Economic Benefits of Bicycle Infrastructure Investments. The research is American but there are some interesting findings of the importance of the bicycle industry and cycle tourism on local economies. For instance:
- The USA's bicycling industry contributes $133 billion a year to the U.S. economy
- It supports 1.1 million jobs and generates $17.7 billion in taxes
- $46.9 billion is spent on meals, transport, accommodation, gifts and entertainment by bicycle tourists.
Some interesting snippets:
The report cites examples of cities that have invested in cycle infrastructure to tap into the lucrative cycle tourism industry.
The importance of cycling in supporting local business is highlighted by studies showing that people who cycle and walk to shopping areas spend more in the area than those that drive.
Switching from cars to bicycles saves individuals and the community US$2.73 per mile.