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Tourism Industry Supports Irvine's Economy in a Big Way

Published: 05/08/2015
Contact:
Wendy Haase, Director of Tourism Marketing
Destination Irvine
949-502-4112
Wendy@destinationirvine.com


Visitors Contribute More Than a Half Billion Dollars to the Local Economy in 2014

Irvine, Calif. May 2015 - Destination Irvine released statistics from the 2014 Visitor Impact report conducted specifically for Irvine. In 2014, traveler expenditures for Irvine came to an estimated $522 million, an increase of .5 percent over 2013. The travel industry contributed $29.3 million in local and state taxes.

The impact of the multi-million dollar Irvine travel industry extends well beyond the hospitality sector. Many businesses that primarily serve local residents, such as those in arts, entertainment, recreation, and retail, also benefit from visitor spending," said Bill Klein, Project Manager, Dean Runyan Associates, Inc. "This spending generates jobs for local residents and tax revenue for the city."

he travel industry supported 5,480 Irvine jobs and was responsible for adding $192 million in wages to the local economy.

It is estimated that without visitor spending, resident households in Irvine would each pay $350 more a year in state and local taxes.

Irvine's major visitor spending categories are as follows:

Spending Categories 
Percent of Total 
Spending 
Spending in Irvine
($ millions) 

 Food & Beverage Services 

 28%$144 
 Accommodations 25% $133
 Arts, Entertainment & Recreation 21% $110
 Retail 18% $96
 Transportation 8% $40
 Total Spending in 2014 100% $522

"Destination Irvine's sales and marketing goals are designed to enhance the economy of the city through sustained growth in tourism spending, resulting in an increase in economic impact," said Scott McCoy, General Manager, Irvine Marriott and chair of the Irvine Hotel Improvement District. "Our hotel partners with the organization to aid in the branding and promotion of the city as a preferred overnight destination for groups, sports events, leisure visitors and business travelers. Their goals help reinforce the hotel's core values."

Statewide, California's tourism industry contributed $117.5 billion to the state's economy with Orange County visitors spending $10.8 billion.

These numbers are estimates from the Irvine Visitor Impact Report, Calendar Year 2014, a tourism economic impact study conducted by Dean Runyan Associates. Dean Runyan Associates also conducts the California Travel Impacts by County reports for Visit California.

The full report can be viewed at www.destinationirvine.com/tourism

About Destination Irvine

Under the Irvine Chamber of Commerce, a non-profit 501(c)6, Destination Irvine, funded by a self-imposed assessment through a Hotel Improvement District (H.I.D.), positions Irvine as a destination for visitors, meetings and groups. Destination Irvine through direct sales efforts including database marketing, lead generation, trade show participation, and familiarization tours, sells the destination. In addition, Destination Irvine promotes Irvine through marketing, advertising and public relations efforts. www.destinationirvine.com 

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