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ARIZONA TOURISM In 2018, the estimated direct spending from meetings and conventions booked by Visit Phoenix at the Phoenix Convention Center was upwards of $325 million, according to Trummel. As Ostreicher made clear, nearly 365 days of desirable weather compels companies and corporations throughout the nation and globe to choose Arizona as a meetings and events destination. “Full-service hotels and resorts in the Phoenix area depend heavily on group business to hit key performance benchmarks,” Trummel says. “Based on data from STR, Inc., in 2018, more than 44 percent of occupancy at luxury and upscale hotels and resort properties in the Greater Phoenix area was from group business. This percentage was one of the highest in the nation when comparing STR’s Top 25 U.S. Markets.”

ECONOMIC IMPACT OF TOURISM The Arizona Office of Tourism Phoenix, courtesy of DeanRunyan Associates, reported that an increase in travel has helped Arizona’s tourism industry achieve its eighth consecutive year of growth. The Gross Domestic Product of the travel industry was $9.8 billion in 2017. Total direct travel spending in Arizona was $22.7 billion in 2017, a year-over-year increase of 6.7 percent. The state’s Revenue per available room (RevPAR) was $61.50 in 2018, a year-over-year increase of 4.1 percent. Non-transportation visitor spending increased by 6.3 percent, following a 3.3 percent increase from 2015 to 2016. Air passenger volume was 4.28 million in 2018, a year-over-year increase of 4 percent. Real travel spending increased by 5 percent in 2017.

Room demand increased by 2.8 percent for 2017, following a 2.9 percent increase the preceding year. Direct travel-generated employment was 187,100 in 2017. This represents the addition of 2,900 jobs, an increase of 1.6 percent. The re-spending of travel-related revenues by businesses and employees created secondary impacts of 160,800 jobs, with $7.3 billion in earnings in 2017. The Gross Domestic Product of the travel industry was $9.8 billion in 2017.

Visitor air travel on domestic flights to Arizona destinations increased by 5.8 percent in 2017.

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AB | May - June 2019

Profile for AZ Big Media

AZBusiness May/June 2019  

In this issue, we spotlight the healthcare leaders and innovators of 2019 and profile the finalists for the Industry Leaders of Arizona Awar...

AZBusiness May/June 2019  

In this issue, we spotlight the healthcare leaders and innovators of 2019 and profile the finalists for the Industry Leaders of Arizona Awar...