For the ninth year in a row, California’s travel and tourism economy surged, adding $79 billion to the state’s gross domestic product (GDP).
Visit California’s Economic Impact of Travel in California report for 2018 shows that visitors spent more than $140 billion in the state on travel, a 5.4% increase from 2017. The travel and tourism sector also added more than 19,000 new jobs, pushing employment in the industry to 1.2 million jobs statewide.
Travel and tourism plays a major role in California’s economy. The industry is represented by accommodations, transportation and rental cars, restaurants, retail stores, attractions, gasoline service stations, and other businesses that serve travelers. All of the state’s tourism providers benefited from increased visitation in 2018, with direct traveler spending supporting all industry segments in all regions of the state.
Increased travel spending is leading to more than $4 billion in annual investments in theme park, restaurant and other tourism-related infrastructure. These projects create secondary employment effects, generating jobs in building and construction. Read More