In 2016, approximately 43 million people visited Arizona spending a record $21.2 billion in the state. The Phoenix MSA accounted for more than 65.5 percent, or $13.9 billion, of all spending in Arizona. With an estimated Gross Domestic Product of $9.2 billion, tourism is the number one export industry in the state.
Spending in Food Service (20.7 percent), Accommodations (16.5 percent) and Local Transportation & Gas (13.7 percent) by visitors accounted for more than half of all commodities purchased in 2016.
Travel spending in Arizona supported approximately 184,200 direct jobs in 2016, which generated nearly $6.5 billion in earnings for workers. Tourism supported 108,100 direct jobs in Metro Phoenix alone, generating $4.5 billion in wages and salaries. In addition, visitors generated nearly $3.1 billion tax revenues for federal, state and local governments in 2016.
Source: JLL Research; Arizona Office of Tourism
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About the author
Keeley Byer is a market research analyst for the JLL Phoenix office. With four years of market research experience and eight years of commercial real estate technology experience, he continually tracks and analyzing trends affecting the Phoenix Metro commercial real estate market.