Excerpt from Axios
San Francisco’s tourism trade is trending in the suitable route, nevertheless it’s nonetheless nowhere close to pre-pandemic ranges.
Why it issues: San Francisco is dealing with a looming price range deficit over the following few years, and tourism is essential to serving to enhance town’s revenues, which have suffered for the reason that pandemic.
By the numbers: Final yr, San Francisco had 23.1 million guests, a 5.2% improve from 2022, in accordance with the San Francisco Journey Affiliation.
- These guests spent $8.8 billion, an 18% year-over-year improve.
- Tourism finally generated practically $610 million in tax income for town in 2023, in contrast with $522 million in 2022.
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