Report: Irvine tourism worth $477 million
By JON LANSNER
While Irvine may be seen to some as a bedroom community, it's also a draw for tourists - both individual and business trips.
An those tourists spent $476.6 million in Irvine last year, says a study commissioned by Destination Irvine.
The trade group's first visitor impact study showed for 2010:
Tourism-related spending supported 5,070 full-time equivalent jobs in the city worth $165.3 million in wages.
Visitor spending translated to $27 million in local and state taxes.
Without visitor spending, Irvine households would each pay $345 extra annually in state and local taxes.
Food and beverage was the largest visitor expenditure category at $133 million in 2010; accommodations were next at $108 million; "arts, entertainment and recreation" at $105 million' retail spending was $90 million; and transportation, $39 million.
Destination Irvine hired Dean Runyan Associates to do the study.
This report is similar to one that our Register colleague Sarah Tully reported about on the Disneyland Resort's impact: $4.7 billion annually to the Southern California economy. The Disney report, by CB Richard Ellis, said the resort resort generates about $255 million annually in tax revenue and overall supports 57,400 jobs in Southern California.