Learn how the OC’s economy is bolstered by the tourism industry.
While tourism is a massive source of revenue for the entire state of California, its impact is especially evident in Southern California. Even if you look at the impact tourism has on just Orange County, you can see what a major economic role this industry plays. Read on to learn more about how the OC’s economy is bolstered by the tourism industry.
Jobs and Tax Revenue
In the OC, tourism directly supports over 83,000 jobs and generates over $590 million in state and local tax revenues. This influx of capital benefits a large group of businesses, particularly those involved in the hospitality, transportation, attractions, restaurant, and retail industries.
Major Attractions
Orange County has a wide array of attractions that draw visitors from every corner of the globe. According to estimates from the Anaheim/Orange County Visitor & Convention Bureau, Orange County receives approximately 44 million visitors annually. These tourists inject an estimated $9.6 billion into the OC’s economy. Some of the most visited attractions include the following:
- Beaches
- Shopping and retail centers
- Crystal Cove State Park
- Limestone Canyon Park
- Angels Stadium
- The Honda Center
- Anaheim Convention Center
- Segerstrom Center for the Arts
- Discovery Science Center
- Disneyland Park and Resort
- Disneyland’s California Adventure
This is how the OC’s economy is bolstered by the tourism industry. Want to tap into some of the revenue that tourism brings to Orange County? If so, consider setting up your business in the Southern California area. For assistance with all your industrial and commercial real estate needs in Southern California, contact the experts at California Commercial Realty Advisors, Inc. We are ready to work with you today.
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