No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, August 15, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

The government shutdown couldn’t have come at a worse time for D.C. Its $11 billion tourism industry is bracing for impact

by TheAdviserMagazine
10 months ago
in Business
Reading Time: 24 mins read
A A
The government shutdown couldn’t have come at a worse time for D.C. Its  billion tourism industry is bracing for impact
Share on FacebookShare on TwitterShare on LInkedIn


The government shutdown has officially entered its second week, but the worst effects may still be ahead for Washington, D.C.’s tourism industry.

Some government-funded museums and facilities such as the National Gallery of Art have already closed, and those that haven’t, such as the Smithsonian’s National Zoo and the National Air and Space Museum are operating with reserve funds until Oct. 11.

Starting Oct. 12, the real pain begins for a city that welcomed a record 27.2 million people and brought in a cumulative $11.4 billion last year, said Elliott L. Ferguson, II, the president and CEO of Destination DC, the city’s private nonprofit destination marketing organization. 

With the Smithsonian museums closed, those with previously scheduled trips may cancel, which will take a bite out of the city’s tax base, but also hit the restaurants, tour operators, and the more than 100,000 workers who rely on the industry, he added.

It’s unclear how long the shutdown could last.  As of Thursday, no deal appeared in sight, but Ferguson said an extended shutdown this fall would hit D.C.’s tourism industry even harder than the last record-long shutdown, which lasted 35 days between December 2018 and January 2019.

“As we look at September, October, November, these are peak periods for meetings, for business travel and for leisure travel to the city,” Ferguson told Fortune. “So it hurts a lot more when it’s during a peak period of time.” 

Some of the city’s important events, including the Association of the United States Army’s annual meeting and the Army 10-Miler, are set to take place starting next week. While neither has been canceled so far, Ferguson cautioned their economic impact could be smaller than in past years if government employees are unable or unwilling to attend.

For now, Ferguson said Destination D.C. is promoting all the touristic activities still available in the city through a new campaign, while also being transparent about what’s not available.

“Washington is very much still open for business.” 

Marco Quiroz-Gutierrez—Fortune

Tourists race the shutdown clock

The last shutdown, during President Donald Trump’s first term, cost D.C. an estimated $47 million in lost revenue, according to a quarterly revenue estimate from the time, in addition to the harder-to-measure toll inflicted by decreased discretionary spending on hotels, transportation, and entertainment. Nationwide, the shutdown has already taken an over $1 billion toll on travel, according to a live ticker published by the U.S. Travel Association.

On a mild, sunny Saturday in D.C., some of the last visitors to the city’s federally funded museums and facilities were anxious to see the exhibits before it was too late.

Marco Quiroz-Gutierrez—Fortune

Chela Parris, a Georgetown University student studying public policy, was waiting for friends outside of the National Gallery of Art’s East Building, a federally funded art gallery which hosts frequent lectures and houses paintings by artists such as Pablo Picasso and Henri Matisse. Parris was looking forward to a day of sighteeing because she has not had much time to visit museums since she moved to the city for graduate school. 

“I haven’t really taken advantage of much of what D.C. has to offer. I’ve just been so focused on school,” Parris told Fortune. “But now with the shutdown, I realized, these things aren’t going to be open forever, so it’s really important for me to come see things before they’re closed indefinitely, because we just don’t know how much time that will be.”

At the United States Botanic Garden about a ten-minute walk away by foot, Yale history and humanities major Jonas Loesel and Wake Forest University politics and international affairs and sociology major Alannah Edwards were disappointed to see the facilities closed “due to a lapse in appropriations,” according to a sign out front. 

Loesel was in D.C. for the weekend and said he was planning to go to The Smithsonian’s National Air and Space Museum instead. The Air and Space Museum was set to remain open through Oct. 11, according to its website. 

“It’s a tragedy that access to our nation’s historical record is being restricted by political charades,” he told Fortune.

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



Source link

Tags: BillionBracingcouldntD.CgovernmentimpactindustryshutdownTIMEtourismWorse
ShareTweetShare
Previous Post

Best high-yield savings interest rates today, October 11, 2025 (Earn up to 4.31% APY)

Next Post

Silver ETF rush in 2025 triples gold inflows amid record price surge

Related Posts

edit post
Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

by TheAdviserMagazine
August 8, 2026
0

Staying at one company for decades was once a badge of honor. But as layoffs have become more common and...

edit post
Wisconsin: The Next Frontier for Socialists

Wisconsin: The Next Frontier for Socialists

by TheAdviserMagazine
August 8, 2026
0

First, they won in New York. Then they took Maine, Colorado, and Michigan. And now, the next battleground for the...

edit post
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

by TheAdviserMagazine
August 8, 2026
0

Asia's oldest exchange, BSE, traded far fewer derivatives contracts in the first week following the implementation of the Closing Auction...

edit post
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

by TheAdviserMagazine
August 8, 2026
0

The Indian stock markets closed in the red, with the newly-launched closing auction session continuing to create a divergence among...

edit post
Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

by TheAdviserMagazine
August 7, 2026
0

The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the...

edit post
Meet the 82-year-old Kentucky grandma who turned down M to turn her farm into a data center

Meet the 82-year-old Kentucky grandma who turned down $26M to turn her farm into a data center

by TheAdviserMagazine
August 7, 2026
0

Ida Huddleston has lived on the same stretch of farmland outside Maysville, Ky., since she was 16. She and her...

Next Post
edit post
Silver ETF rush in 2025 triples gold inflows amid record price surge

Silver ETF rush in 2025 triples gold inflows amid record price surge

edit post
SIP inflows stay robust in September as gold and multi-asset funds shine: Anand Vardarajan

SIP inflows stay robust in September as gold and multi-asset funds shine: Anand Vardarajan

  • Trending
  • Comments
  • Latest
edit post
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

July 31, 2026
edit post
Driving the Noncitizen Voting Scandal: Registration With License

Driving the Noncitizen Voting Scandal: Registration With License

July 26, 2026
edit post
Garbage Trucks Surveillance Florida Neighborhoods

Garbage Trucks Surveillance Florida Neighborhoods

July 29, 2026
edit post
Does a Revocable Trust Protect Your Assets From Lawsuits and Creditors?

Does a Revocable Trust Protect Your Assets From Lawsuits and Creditors?

August 7, 2026
edit post
Montana Puts Democrats in a Bind as Senate Hopes Fade

Montana Puts Democrats in a Bind as Senate Hopes Fade

August 2, 2026
edit post
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

0
edit post
E.W. Scripps Q2 2026 Loss Widens to -.68/Share, Revenue Down 9%

E.W. Scripps Q2 2026 Loss Widens to -$12.68/Share, Revenue Down 9%

0
edit post
Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

0
edit post
Four AI Escapes Just Redefined “Responsible AI”

Four AI Escapes Just Redefined “Responsible AI”

0
edit post
Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

0
edit post
Kalshi Predicts Bitcoin Price Could Reach K in August

Kalshi Predicts Bitcoin Price Could Reach $68K in August

0
edit post
Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together

August 8, 2026
edit post
Links 8/8/2026 | naked capitalism

Links 8/8/2026 | naked capitalism

August 8, 2026
edit post
Wisconsin: The Next Frontier for Socialists

Wisconsin: The Next Frontier for Socialists

August 8, 2026
edit post
Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

Psychology says procrastination about retirement may be less about discipline than identity — brain scans found people often represent their future selves more like strangers than like themselves, and experiments using age-progressed faces made tomorrow’s person feel real enough for participants to save more money for them

August 8, 2026
edit post
Why You Should Be Wary of Aspartame, but Not Totally Rule It Out

Why You Should Be Wary of Aspartame, but Not Totally Rule It Out

August 8, 2026
edit post
Kalshi Predicts Bitcoin Price Could Reach K in August

Kalshi Predicts Bitcoin Price Could Reach $68K in August

August 8, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bill Ackman’s hedge fund made janitors and receptionists millionaires—and its investment team summer together
  • Links 8/8/2026 | naked capitalism
  • Wisconsin: The Next Frontier for Socialists
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.