3. Travel and Tourism
It should not be surprising that travel and tourism are California’s most vital engines for economic growth. Defined by big, ambitious ideas, California has been a powerful leader in this industry. The state draws visitors not just from other states, but also from around the world.
Travelers spend hundreds of millions of dollars while vacationing here, bringing in $114.9 billions into the state’s economy according to 2019 statistics. This sort of spending brought $12.2 billions in local and state tax revenue. As a result, the industry provided jobs to 1.2 million California residents.Â
There’s so many places worth visiting – it’s nearly impossible to list them all. According to a TV commercial titled Living the Dream, the most popular hotspots include Hollywood, Beverly Hills, Disneyland, Napa Valley, Pebble Beach, Lake Tahoe, San Francisco, Yosemite, Venice Beach, and more. The next time you’re traveling, make sure to add these destinations to your itinerary.
