The Go to SLO CAL group introduced a powerful $2.32 billion quantity in customer spending to have fun Nationwide Journey and Tourism Week.
At this time, in celebration of Nationwide Journey and Tourism Week (NTTW), Go to SLO CAL, the official vacation spot advertising and marketing and administration group (DMMO) for San Luis Obispo County (SLO CAL) introduced that tourism has reached $2.32 billion in direct journey spending in SLO CAL, marking a constant efficiency from the earlier yr.
It is a vital achievement for SLO CAL, which is main the way in which in customer spending on the central coast.
In 2023, tourism in SLO CAL generated a major $60.1 million in transient occupancy tax income.
Tourism in SLO CAL places 22,830 residents to work every day, marking a 2% yr over yr (YOY) improve and encompasses numerous sectors together with lodging, meals service, arts, leisure, recreation, floor transportation, wineries, breweries, distilleries and extra.
“We are thrilled to highlight the positive impact of tourism in SLO CAL as we celebrate National Travel and Tourism Week and California Tourism Month,” mentioned Cathy Cartier, Interim President & CEO of Go to SLO CAL.
“Tourism stands as the second-largest economic driver in SLO CAL, following agriculture, and plays a pivotal role in enabling success across all industries by fostering sales growth and innovation, supporting education and facilitating operations that power our economy, nation and community.”
In 2023, tourism additionally contributed $110 million in native tax income.
With out the tax income generated by tourism, every native family would want to pay a further $21,415 to create the identical financial profit for the neighborhood.
Moreover, every family would want to spend a further $1,914 in taxes to create the identical financial affect for native companies.
Cartier continues, “Tourism in SLO CAL strengthens native companies, contributes to neighborhood preservation and creates 1000’s of jobs.
We’re happy with the constant efficiency of tourism in customer spending in SLO CAL.” Different notable metrics achieved in 2023 embody:
- Tourism in SLO CAL generated $207 million in state & native taxes
- Tourism in SLO CAL contains of 10.66% of countywide GDP
- SLO CAL’s tourism trade earnings (complete after-tax web earnings for journey together with wages and wage disbursements) $912 million.
This is a rise of 5.9% YOY This announcement coincides with the U.S. Journey Affiliation’s NTTW celebrated from Might 19-25, 2024.
This annual custom acknowledges the very important function journey performs in stimulating financial progress, fostering vibrant communities, creating high quality job alternatives, inspiring new companies and enhancing the standard of life for Individuals.
NTTW aligns with California Tourism Month, a bipartisan declaration established in 2016 for the month of Might.
Via this annual designation, the state-wide journey group, Go to California depends on instate tourism companions, comparable to Go to SLO CAL, to emphasise the significance of collective resiliency and resolve in shaping a extra environment friendly, revolutionary and sustainable journey trade.
Because the official DMMO for SLO CAL, Go to SLO CAL values its traders, companions and stakeholders and the varied communities comprising SLO CAL, together with Nipomo, Grover Seashore, Oceano, Arroyo Grande, Pismo Seashore, Shell Seashore, Avila Seashore, Edna Valley, San Luis Obispo, Los Osos/Baywood Park, Morro Bay, Cayucos, Cambria, Concord, Paso Robles, Templeton, Atascadero, Creston, Shandon, Cholame, San Miguel, Santa Margarita, Pozo, San Simeon and Ragged Level.
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