Three Ways That Bus Companies Contribute to the Economy
Coach bus companies provide valuable services for travelers all over the world — not only are bus trips safe and affordable, but each passenger trip actually contributes to create a stronger economy, too. Here are just a few examples how:
- When a charter bus service brings a bus full of passengers into a town to stay overnight, that one bus can bring in $11,660 — in just that one night — into the local economy. Between food, lodging, and entertainment, passengers don’t have to spend a lot individually to make a big impact on the local economy as a whole.
- There are an estimated 3,400 charter bus services in the U.S. today, and this is important for a few reasons. First of all, the majority of these companies are independently-owned small businesses that primarily serve local regions — and because of this, they also provide employment opportunities primarily for local residents as well. Secondly, these 3,400 bus companies operate about 33,000 buses total, and because most companies only operate a few buses each, they’re able to provide transportation for small communities in rural areas. In many remote regions in the U.S., people would have no other way, via public transportation, to travel to a neighboring city if not for coach bus lines.
- Recent research has found that for every $1 invested into the coach bus industry, about $1.65 is generated and dispersed into a variety of other industries across the country. This applies to everything from tourism — which is incredibly important for some cities as the major source of employment — as well as engineering and technical jobs to manage the buses themselves. Because so many bus companies have expressed so much interest in eco-friendly buses, countless transportation workers have built stable careers out of researching and creating efficient vehicles.