The Outdoor Industry Association just released their annual report on The Outdoor Recreation Economy. The report looks at spending on gear and travel for all the major outdoor activities and also calculates the “ripple effect” that spending has on the economy.
Bicycling is one of ten “activity categories” analyzed in the report (along with camping, fishing, hunting, motorcycling, off roading, snow sports, trail sports, water sports and wildlife viewing.)
According to the report, Americans spend more on bicycling gear and trips ($81 billion) than they do on airplane tickets ($51 billion). That $81 billion is spread between $10 billion on bikes, gear, and accessories and over $70 billion on bicycle “trip related sales.” The direct economic impact of that spending supports 772,146 jobs. The report claims that the “ripple effect spending” of all this bicycling activity is over $198 billion and supports 1,478,475 jobs. [Continue reading …]