SFCED | San Francisco Center for Economic Development


Bay Area Booms as Tourism Roars and Billions are Invested Locally

The tourism industry in the Bay Area has seen a sixth consecutive year of growth.  The large influx of tourists also created 248,300 jobs, supporting the growth of the hospitality industry. It is predicted that the tourism industry will continue to grow and sees much potential in becoming one of the main sectors in San Francisco’s economy. 

Travelers in the Bay Area spent more than $33 billion in 2015, which supported 248,300 jobs for residents and provided $2.8 billion in state and local tax revenue, according to Visit California’s annual economic impact report. The Bay Area was the largest regional contributor to a statewide tourism economy that topped $122 billion, sustained 1,064,000 jobs and generated $9.9 billion in state and local tax revenue – all record figures.

Traveler Spending by County, 2014-2015

Traveler Spending by County 2014=2015

 

 

 

 

 

 

 

 

 

 

 

Read more: www.bizjournals.com Bay Area booms as tourism roars and billions are invested locally – San Francisco Business Times

Bay Area Booms as Tourism Soars