No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, May 19, 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
7 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
French luxury retailer Dior to limit price rises amid brand reset – report

French luxury retailer Dior to limit price rises amid brand reset – report

by TheAdviserMagazine
May 19, 2026
0

Christian Dior CEO Delphine Arnault has signalled a cautious pricing strategy as the French luxury house undergoes a creative overhaul...

edit post
Israeli startup Unframe raises m, exceeds 0m contracts

Israeli startup Unframe raises $50m, exceeds $100m contracts

by TheAdviserMagazine
May 19, 2026
0

Israeli managed AI delivery platform Unframe, today announced the completion of a $50 million financing round led by Highland...

edit post
Parag Agrawal’s Parallel wants to pay publishers when AI agents use their work

Parag Agrawal’s Parallel wants to pay publishers when AI agents use their work

by TheAdviserMagazine
May 19, 2026
0

Parag Agrawal’s newest project is trying to solve one of the messiest questions in AI: how to compensate content creators...

edit post
Markets supported by liquidity, but valuations running ahead of fundamentals: Sameer Dalal

Markets supported by liquidity, but valuations running ahead of fundamentals: Sameer Dalal

by TheAdviserMagazine
May 19, 2026
0

Sameer Dalal from Natverlal & Sons Stockbrokers said Indian markets continue to receive support from strong domestic liquidity, particularly sustained...

edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

by TheAdviserMagazine
May 19, 2026
0

The two big redistricting news stories, of late, represent a one-two punch that set back Democrats’ midterm election prospects. First,...

edit post
What to Expect When You’re Expecting a Kamala Presidency

What to Expect When You’re Expecting a Kamala Presidency

by TheAdviserMagazine
May 19, 2026
0

If one were to gather every far-left policy prescription into one basket – perhaps calling it a basket of deplorable...

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
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Crypto Owners Forced at Gunpoint to Unlock Accounts in .5M Robbery Spree

Crypto Owners Forced at Gunpoint to Unlock Accounts in $6.5M Robbery Spree

May 17, 2026
edit post
4 Tips for the Next Great Trade

4 Tips for the Next Great Trade

0
edit post
What to Expect When You’re Expecting a Kamala Presidency

What to Expect When You’re Expecting a Kamala Presidency

0
edit post
Israeli startup Unframe raises m, exceeds 0m contracts

Israeli startup Unframe raises $50m, exceeds $100m contracts

0
edit post
Inflation Is Back, and It’s a Warning Sign for Mortgage Rates

Inflation Is Back, and It’s a Warning Sign for Mortgage Rates

0
edit post
Mortgage Rates Today, Tuesday, May 19: Still Trending Higher

Mortgage Rates Today, Tuesday, May 19: Still Trending Higher

0
edit post
Takeaways from SaaStr: AI Adoption, Market Concentration & Why the Skeptics Are Losing

Takeaways from SaaStr: AI Adoption, Market Concentration & Why the Skeptics Are Losing

0
edit post
4 Tips for the Next Great Trade

4 Tips for the Next Great Trade

May 19, 2026
edit post
Mortgage Rates Today, Tuesday, May 19: Still Trending Higher

Mortgage Rates Today, Tuesday, May 19: Still Trending Higher

May 19, 2026
edit post
French luxury retailer Dior to limit price rises amid brand reset – report

French luxury retailer Dior to limit price rises amid brand reset – report

May 19, 2026
edit post
Takeaways from SaaStr: AI Adoption, Market Concentration & Why the Skeptics Are Losing

Takeaways from SaaStr: AI Adoption, Market Concentration & Why the Skeptics Are Losing

May 19, 2026
edit post
Israeli startup Unframe raises m, exceeds 0m contracts

Israeli startup Unframe raises $50m, exceeds $100m contracts

May 19, 2026
edit post
AAON: Mega-Kurslücke nach Q1-Zahlen! – Daytrading & Swingtrading

AAON: Mega-Kurslücke nach Q1-Zahlen! – Daytrading & Swingtrading

May 19, 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

  • 4 Tips for the Next Great Trade
  • Mortgage Rates Today, Tuesday, May 19: Still Trending Higher
  • French luxury retailer Dior to limit price rises amid brand reset – report
  • 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.