Business & Real Estate

Travel, tourism injected a record $126 billion into state’s economy

People gather at Andrea’s Fountain, the centerpiece of Ghirardelli Square in Fisherman’s Wharf in San Francisco. Traveler spending injected a record $126 billion into California’s economy in 2016, Visit California said Thursday.
People gather at Andrea’s Fountain, the centerpiece of Ghirardelli Square in Fisherman’s Wharf in San Francisco. Traveler spending injected a record $126 billion into California’s economy in 2016, Visit California said Thursday. Sacramento Bee file

Traveler spending injected a record $126 billion into California’s economy in 2016, Visit California said Thursday.

In its annual economic impact report, the nonprofit group said travel and tourism generated $10.3 billion in tax revenue and supported 1.1 million jobs last year.

The report said 2016 marked the seventh consecutive year of growth for the Golden State’s travel and tourism industry.

Citing data from 1992 to 2016, the report said travelers in California spent nearly $2.16 trillion, creating more than 410,000 jobs and generating more than $165.3 billion in local and state tax revenues.

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