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Deal recognizes Georgia Tourism Day, unveils 2013 Travel Guide
Gov. Nathan Deal joined Georgia tourism leaders today for the annual Tourism & Hospitality Day to spotlight the major contribution the industry makes to Georgia’s economy. Representatives from the tourism industry presented Deal with a check representing the $1.263 billion in state tax revenue generated from tourism-related expenditures in 2011.
“Georgia’s tourism industry is a main driver of our economy and employment with 10.3 percent of all jobs in the state directly or indirectly sustained by tourism activities,” said Deal. “The tourism industry has a positive effect on nearly every community in Georgia.”
Deal also unveiled the new 2013 annual Georgia Travel Guide. This full-color, magazine-size guide features the city of Senoia on dual covers. Twenty-five miles south of Atlanta, Senoia offers visitors a contemporary and modern feel with the authenticity, heritage and hospitality of the South. Highlighting the growth and importance of Georgia’s entertainment industry, Senoia has been the backdrop to more than 25 movies and television shows. Downtown Senoia is currently the filming location for the most watched drama in basic cable history “The Walking Dead.” Not only has this small town been seen around the world on the silver and small screens, but musician and Georgia native Zac Brown, recently opened Southern Ground Social Club, a combination restaurant, store and live music venue in downtown Senoia. The guide provides visitors with information on Georgia’s tourism assets including trip ideas, attractions, accommodations, events and more. 750,000 guides are distributed through the state’s 11 Visitor Information Centers, www.ExploreGeorgia.org, travel and trade shows and 1-800-VISIT GA. The Georgia Department of Economic Development partnered with Emmis Custom Publishing (publisher of Atlanta Magazine) on the state’s official travel guide.
“Tourism generated $49 billion, an increase of 8.9 percent, in business sales, including indirect and induced impacts,” said Kevin Langston, deputy commissioner for tourism for the Georgia Department of Economic Development. “Georgia now ranks seventh in the U.S. in both travel-generated employment and travel expenditures, second only to Florida in the Southeast.”
More Business News
Last Update on April 17, 2014 17:08 GMT
WASHINGTON (AP) -- The number of people applying for U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
The Labor Department says that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That is the lowest four-week average since October 2007, just two months before the Great Recession started. The average has fallen by 53,500 applications over the past 12 months.
Applications are a proxy for layoffs. The current level of claims suggests that employers are holding on their workers with the expectation of stronger economic growth ahead.
Employers added 192,000 jobs in March and 197,000 in February, the Labor Department reported. Hiring has picked up after a slowdown caused by severe winter weather.
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.
Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.
Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.
Many analysts have been expecting an improving economy to lift the housing market, which has been recovering over the past two years. But housing has struggled to maintain momentum. Rising home prices and higher mortgage rates have held back some potential home buyers. Others have had trouble qualifying for mortgages.
NEW YORK (AP) -- Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.
The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion.
The earnings were equivalent to $4.02 a share. Analysts polled by FactSet had predicted earnings of $3.49 a share.
Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion. The latest quarterly revenue beat analysts' expectations of $8.7 billion.
Goldman's stock rose $2.78, or 1.8 percent, to $160 in pre-market trading.
NEW YORK (AP) -- PepsiCo reports a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world.
The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, says global snack volume rose 2 percent while beverages were even from a year ago.
In its closely watched North American beverage unit, PepsiCo Inc. says volume was even. Growth in other drinks offset a 1 percent decline in sodas.
For the quarter, the company earned $1.22 billion, or 79 cents per share. Not including one-time items, it earned 83 cents per share, above the 75 cents per share Wall Street expected.
A year ago, it earned $1.08 billion, or 69 cents per share.
Revenue edged up to $12.62 billion, higher than the $12.39 billion analysts expected.
EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.
Toy makers are facing a weak environment globally due to the uncertain economy and popularity of electronic gadgets.
The largest U.S. toy maker says its net loss for the three months ended March 31 totaled $11.2 million, or 3 cents per share. That compares with net income of $38.5 million, or 11 cents per share last year. Analysts expected earnings of 7 cents per share.
The company which makes Disney Princess dolls and Hot Wheels cars says revenue fell 5 percent to $946.2 million. Analysts expected $947.6 million. Barbie revenue dropped 14 percent.
NEW YORK (AP) -- Target is vastly expanding the goods that are available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.
The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents with 150 baby care products.
That program has been expanded more than tenfold this week to nearly 1,600 items across a much wider array of consumer goods. Everything from beauty products and pet supplies, to home office supplies like printer ink, are now available through subscription.
Target, based in Minneapolis, is playing catch up in the subscription arena, which has exploded as companies test consumer appetites for almost every niche, from socks to razors, to clothing and entertainment.
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