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Published on : Thursday, May 18, 2017
In 2016, China developed for the seventh consecutive year and became California’s No 1 overseas tourist market, making chief contribution to the travel and tourism industry, turning into the main economic driver for the American state.
As per the annual economic impact report released by Visit California this month, last year, tourism spending reached a record height of $126 billion into California’s economy, which accounted a 3.1 percent increase over 2015, going above the nation by nearly a percentage point. In 2016, the tourism industry created more than $10.3 billion in tax revenue and generated more than 1.1 million jobs in California, as expressed by the report. The report portrays that the visitors in California have spent almost $2.16 trillion, producing more than 410,000 jobs and generated more than $165.3 billion in local and state tax revenues in the last 25 years.
To quote Caroline Beteta, Visit California President and CEO, ‘this report shows that tourism is a powerhouse that generates community benefits and economic value for all Californians.’
International travelers spending in California alone is same as the total value of the state’s top four product exports –computer parts, civilian aircraft, non-industrial diamonds, and voice/image/data equipment. Nonetheless, the report explains that 2016 saw a steady decline in the share of international travel in California because of the strength of the US dollar and decreased visitation.
Tags: Californian tourism