Los Angeles had a record-breaking year for visitor spending and economic impact in 2018. With visitor spending up $1.2 billion since 2017 (5 percent increase) and economic impact up $1.7 billion (4.9 percent increase), this year was the eighth consecutive year of growth in visitation, spending and impact.
"LA's tourism growth in 2018 can be attributed to several factors including a 3.6 percent increase in international seat capacity at Los Angeles International Airport (LAX), nearly 2,000 new rooms added to the destination’s hotel inventory, L.A.’s growing reputation as a hot culinary and cultural destination, and LA Tourism’s latest global campaign, ‘LA Loves’ which extended and amplified a message of welcome and hospitality following the acclaimed ‘Everyone is Welcome’ initiative," says Darren K. Green, SVP of sales for Los Angeles Tourism & Convention Board.
Green says their latest visitation forecast indicates they will continue this positive growth in 2019, which will be the ninth consecutive year of milestones for LA's tourism industry.
"Travelers generated a record $308 million in transient occupancy tax collections (TOT) for the City of LA, an 8.7 percent year-over-year increase," Green says. "These dollars have become one of the fastest growing revenue sources for the City, used to fund local street repair, making them safer for all, as well as fire protection, recreational and cultural services such as public arts programming."
With so much to do, Green says LA is the ideal place for meetings and events. "Our destination’s incredible wealth of intellectual capital, mix of ‘only-in-LA’ venues and immersive neighborhoods are all compelling reasons to meet in LA," he says. "Los Angeles is a destination that is aspirational for many, truly offering something for every taste and interest."