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News: Main
March 29, 2013

San Francisco Travel Association Releases 2012 Economic Impact Figures

Visitor expenditure has increased by 5.5 percent from last year

News:

Main
March 29, 2013

San Francisco Travel Association Releases 2012 Economic Impact Figures

Visitor expenditure has increased by 5.5 percent from last year

According to the San Francisco Travel Association, the city welcomed 16.51 million visitors in 2012an increase of one percent from 2011. Spending a total of $8.93 billion, visitor expenditure has increased by 5.5 percent from last year.

The tourism industry generated $562 million in taxes for the city of San Francisco⎯⎯up 6.7 percent from the previous year. Jobs supported by tourism rose 3.6 percent to 74,009 jobs in 2012, while the annual payroll increased by 6.2 percent to $2.18 billion.

In 2012, there was an average of 131,128 visitors in San Francisco daily. Visitor spending equated to $24.46 million each day⎯⎯including spending related to meetings and conventions.

Convention bookings reached 48 percent of the annual goal of 2,105,500 booked room nights at midyear and are on target for a five percent increase over last year. Continuing a trend tracked since 1998, six conventions in the city have received record-breaking attendance in the past six months. 


Expected to add $97 million to the local economy, the Bay Lights⎯⎯a 1.8-mile-long and 500-feet-high light sculpture design⎯⎯will remain on the bridge for two years. An influx of sailing enthusiasts and media attention is also expected for the America’s Cup and its surrounding events.

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