• Los Angeles Tourism Industry Generates Record $34.9 Billion in Economic Impact

     
    POSTED May 16, 2018
     

The Los Angeles Tourism & Convention Board (L.A. Tourism) recently announced its record-setting economic impact for the previous year. Los Angeles County’s 48.5 million visitors spent an all-time high in 2017, generating a record $34.9 billion in total economic impact (including $22.7 billion spent directly in the L.A. economy).

Tourism supported 523,800 jobs in L.A. County’s Leisure & Hospitality sector, employing 1 in every 8.5 workers. The tourism industry contributed to the second largest addition of new jobs last year across all industry sectors with 13,900. L.A. County’s hotels set all-time highs in 2017 for room nights sold (demand) at 29.4 million and average daily rate (ADR) at $175.98. Travelers generated a record $283.9 million in transient occupancy tax collections (TOT) for the City of L.A., a 14.3% year-over-year increase. These dollars are a critical revenue source for the City, used to fund local street repair, fire and police, as well as cultural and recreational services. Direct visitor spend in 2017 was $800 million higher than 2016’s total, an increase of 3.9%. Tourism contributed $2.74 billion in state and local tax revenues last year. Without tourism, every household in L.A. County would pay an additional $837 in taxes.

“As we move closer to our goal of 50 million visitors by 2020, tourism has undeniably become an impactful economic driver for Los Angeles underscored by seven straight years of unparalleled growth,” said Ernest Wooden Jr., president & CEO of Los Angeles Tourism & Convention Board. “We are committed to ensuring that our city continues to deliver a transformative experience and thank our hospitality partners for their ongoing investments that make Los Angeles one of premier tourist destinations in the world.”

JW Marriott Nashville recently announced an exclusive partnership with American bootmaker Lucchese. The hotel, which is scheduled to open in July, says the partnership will give guests the opportunity to explore Music City in luxurious style.

"Partnering with JW Marriott Nashville is a natural way to immerse visitors into the spirit of the city," says Lucchese President Doug Kindy.

 

Luxury guest ranch C Lazy U Ranch recently won the Wine Spectator Award of Excellence for the third year in a row and simultaneously announced the appointment of Certified Level II Sommelier Elise Blann. Blann will work closely with Executive Chef Dennis Kaniger at C Lazy U to select the perfect wine for each meal. The dining program specializes in regional ranch cuisine, such as Rocky mountain trout, rosemary rack of lamb and aged western beef.

 

Gaylord Rockies Resort & Convention Center recently announced the addition of Director of Food & Beverage Saddiq Mir and Executive Chef Fabian Ludwig to its culinary team. The resort destination is set to open in late 2018 and will feature a wide variety of F&B options, including a steakhouse, a sports grill, a sushi bar, a cocktail lounge and multiple coffee and quick bite spots.