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2024 Economic Impact of Travel
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Travel Indicators Summary
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  • Macroeconomic indicators improved modestly in January, with inflation falling to 2.4% and unemployment edging down to 4.3%. Job growth remained solid, though downward revisions to 2025 data point to slower overall employment expansion.
  • Consumer travel sentiment remains largely unchanged from prior months. California residents continue to align more closely with U.S. sentiment, rather than trending more positive as in the past.
  • California had a strong start to the year in hotel performance, outperforming the U.S. overall. ADR drove growth, pushing statewide hotel revenue up nearly 3% with strong group demand.
  • International airlift to California grew modestly in January, though arrivals from priority markets declined 9.1%. Canada and Europe softened, while Mexico stood out with 18.8% growth.

Source: Visit California and third-party data sets

Visitation and Spend Forecast

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Total annual travel spending & visitation

Source: Tourism Economics

State and Regional Lodging Forecast

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Occupancy forecast

Source: Tourism Economics

Lodging Performance

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Hotel Occupancy

Source: CoStar

Airlift

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Non-stop seats to California

Source: Cirium

International Arrivals

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Non-resident arrivals at California ports of entry

Source: NTTO, CIC Research

Airport Passenger Traffic

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Airport Passenger Traffic by Month

Source: Individual Airports

International Market Share

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Spending and share in 2024

Source: Tourism Economics

Resident Sentiment

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Resident perception of travel & tourism

Source: Omnitrak