Document Type
Book Chapter
Publication Date
2025
DOI
10.25776/vgqg-tt25
Publication Title
The State of the Region: Hampton Roads 2025
Pages
37-69
Abstract
There was (mostly) good news to report about the pillars of the Hampton Roads economy in 2024. More defense spending flowed into the region in 2024, and defense spending is likely to increase in 2025 and 2026. The Port of Virginia experienced gains in traffic in 2024, but tariffs has created headwinds in 2025. The hotel industry’s growth has slowed, and increasing uncertainty may undermine prospects for growth in 2025 and 2026.
Repository Citation
Dragas Center for Economic Analysis and Policy, Old Dominion University, "Part 2: Defense, the Port, and Tourism: The Pillars of the Economy" (2025). State of the Region Reports: Hampton Roads. 227.
https://digitalcommons.odu.edu/sor_reports/227