Friday, May 12, 2017

California Tourism Indutry Grows for Seventh Consecutive Year

Tourism can be a huge economic boost for any given state or country. Tourists stay at hotels and motels, they eat at restaurants, and they shop at stores, all of which can help to stimulate the local economy. Big cities like Paris, New York City, and London are popular tourist destinations, but cities throughout California, especially Los Angeles and San Francisco, have been booming over the past several years. In fact, according to Makeda Easter's L.A. Times article, research shows that California's tourism industry has grown every year for the past seven consecutive years.

Data showed that spending on travel in California was up 3.8% last year to $126.3 billion. Over a million jobs in the state are involved in the tourism industry, up 2.5% from the year before. Even tax revenue was up from tourism-related expenditures. Tax revenue was over $10 billion last year and tourism incorporated nearly 3% of the state's GDP (gross domestic product). Not only is California generally a popular tourist destination, economists believe the continuing improvement of its tourism industry could be due to economic growth around the country and the world.

As the global economy improves, people have more money to spend and feel more stable and willing to spend the money. Because of that, they tend to take more vacations and spend more money on travel. Research shows that California is the number 1 tourist destination in the country. Its tourism industry is 2.5 times bigger than that of Florida, which has just as many tourist attractions and theme parks as California. Additionally, of the hundreds of millions of tourists each year throughout California, many of them come from different parts of California itself, rather than from out of the state or from other countries.

California tourism is expected to keep going strong. Some theme parks, such as Disneyland, are undergoing changes and renovations that they hope will bring in more visitors, but only time will tell if the improvements will succeed. People like to visit California for its weather, beaches, and popular social scene, but as the value of the dollar continues to increase, people may look to travel outside of the country for vacation. California can be a very expensive place to live, so people's preferences can change pretty quickly. Maybe next year will be the eighth consecutive year of growth. We'll just have to wait and see.

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