From the Pockets of Strangers: Economic Impacts of Tourism in Los Angeles and Five Competing Metropolitan Destinations
January 1, 2006 / By Daniel Flaming, Patrick Burns and Brent Haydamack / LA INC, The Convention and Visitors Bureau
While the visitor industry is a key economic engine for LA, it’s Lodging industry shows signs of structural weakness. Compared to the size of its visitor economy, LA’s Lodging inventory is only 62 percent of the national average. Compared to other cities with which it competes for tourism spending, LA’s Lodging industry serves a relatively small number of visitors given the size our economy.