Arizona tourism is state’s top export at $20.9B
PHOENIX – The state’s top export in 2014 was tourism, generating $20.9 billion as more than 40 million people visited Arizona, according to Arizona Office of Tourism numbers recently released.
Overnight visitor numbers were up more than 4 percent and direct travel spending was up more than 5 percent last year. The AOT attributed the growth to a combination of factors which included the improving economy and the multiple AOT advertising campaigns.
Direct travel spending accounts for $57 million of the state economy each day and accounts for $2.8 billion in total tax revenue at federal, state and local levels. Arizona collected $798 million in tax revenue from tourists in 2014 and local governments collected $737 million directly related taxes.
Source: Phoenix Business Journal