Visitors Contribute $750 Million to the Irvine Economy In 2018
Tuesday, May 07, 2019
Destination Irvine released statistics from the 2018 Visitor Impact report conducted specifically for Irvine by Dean Runyan Associates. The report indicates Irvine visitor spending increases a record 21 percent year over year. In 2018, traveler expenditures for Irvine came to an estimated $750 million, an increase of 20.8 percent over 2017, far exceeding the rate of growth in preceding years due to increased visitation. The travel industry contributed $47.8 million in local and state taxes.
“Destination Irvine’s marketing and sales initiatives play a strategic role in bringing more than one million visitors, whether conference attendees, leisure travelers, or those attending a sporting event, to Irvine,” said Bryan Starr, president and CEO, Greater Irvine Chamber. “Through these efforts and the partnership with Irvine’s 21 hotels, tourism spending is further enhanced, resulting in an increase in economic impact to the community.”
The travel industry supported 5,870 Irvine jobs and is responsible for adding $274 million in wages to the local economy.
It is estimated that without visitor spending, resident households in Irvine would each pay $543 more a year in state and local taxes.
Irvine’s major visitor spending categories are as follows:
Irvine Far Exceeds Increase in Tourism Spending Compared to County and State
Overall, Orange County visitors spent $14.2 billion in 2018, a 2.4 percent increase over 2017. Statewide, travelers spent a record $140.6 billion in 2018, a 5.4 percent increase over the year prior.
The release of the 2018 Travel Impact Report coincides with California Travel and Tourism Month, which occurs every May following a resolution enacted by the Legislature in 2016. This week, Irvine also celebrates National Travel and Tourism Week, when destinations across the nation host events that highlight and celebrate the importance of sustaining the travel industry.
For more information on Irvine as a Destination, visit DestinationIrvine.com.
Category: Destination Irvine, Economic Development, Economic News, Community News