Add to this an expected $230 million in longer-term tourism benefits, coupled with global media attention, and the total rises north of $1.1 billion.
The revised breakdown includes $515 million in direct visitor spending on hotels, restaurants, retail, transportation and entertainment, plus $377 million in follow-on activity as businesses hire and spend more. The study also predicts $338 million in higher wages, along with $50 million in new tax revenue for the counties and $36 million for the state.
But the real picture may be different. Regular tourists avoid host cities because of price spikes, which in the case of Los Angeles were eye-watering. With infrastructure and security costs skyrocketing for all host cities, profits are being eaten away at an alarming rate.
Economic impact studies measure activity, not always profit, and then there’s a little tidbit about the current political situation in the United States.
International travel is suffering due to US President Donald Trump’s rhetoric on immigration and border policies. With a number of qualifying countries (including Iran) on its travel ban list, supporters won’t even be able to travel, while some foreign visitors may think twice about making the trip for fear of ending up in an ICE facility. Less foreign tourist traffic would flow through these spending forecasts.
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