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Tourism Boosts LA’s Economy

Tourism is good for business and in 2018, it was certainly good for Los Angeles County’s economic prosperity as visitors pumped an all-time high $23.9 billion directly into the L.A. economy, generating a record $36.6 billion in total economic impact.

A newly released economic impact report by the Los Angeles Tourism & Convention Board found that tourism supported 534,258 jobs in L.A. County’s Leisure & Hospitality sector, its highest total on record, employing 1 in every 8.5 workers in the county. Reaffirming the strength of the sector, tourism added 9,700 new jobs last year.

Mayor Eric Garcetti said: “Tourism is an essential source of job creation and business activity across our region – and it helps make Los Angeles a global city and a centre of economic growth and prosperity.”

Garcetti continued: “From surpassing 50 million annual visitors in 2018 to preparing to welcome the 2028 Olympic and Paralympic Games, travel and tourism will continue to power our city to new heights.”

Ernest Wooden Jr., president & CEO of Los Angeles Tourism & Convention Board, observed: “Tourism is a powerful force in the growth and development of the Los Angeles economy, supporting jobs for our families and producing significant revenue that goes toward the betterment of our community.”

He pointed out that: “Our efforts ahead will place a greater emphasis on ensuring tourism delivers even stronger benefits to our community as we work towards increasing total economic impact to the Los Angeles region.”

Los Angeles welcomed 50 million visitors in 2018 setting records with 42.5 million domestic visitors and 7.5 million international visitors.

Go to www.discoverlosangeles.com/corporate for more.

Posted in Destinations, News, Tourism Organizations, Trends & Research

 

 

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