Before the projected “Trump Slump”, Governor Newsom again announces record tourism

The announcement is made with the publication of the California 2024 Economic Impact Report and the forecast published today 2025, which was published today. According to Visit California's report in 2024:

• Visitors spent 157.3 billion US dollars on companies across the state.
• The tourism editions supported 1.2 million jobs and created 24,000 new jobs.
• Tourism gained state and local tax revenue of $ 12.6 billion in state and local tax revenue.

Economic progress in Trump's slump

However, the forecast also expects a decline in the total tour of 1% and a decline in international visit in 2025 by 9.2%, the direct response to federal economic policy and an upcoming “Trump slump”. With regard to the future, 2025 will probably be more challenging, in particular due to the global economic pressure and a slowdown of international tourism, the direct result of the declining global mood via trips to the USA. California already has the effects, with a severe decline in the year in March of this year.

In the expectation of the Trump government's slump, Governor Newsom and California encourage the Californians to continue traveling within the state to support the booming tourism industry. The governor has also started a new campaign in which the Canadian consumers are encouraged to continue traveling to the Golden State.

More people move to California

In addition to record tourism, California welcomes more new residents. Governor Newsom recently announced that the population of California has increased for the second time in a row. In the announcement, it was also found that previous reports that the population of California had decreased from hundreds of thousands of people in 2021 and 2023, and since 2021 the California population has increased by almost 275,000 people.

California's economic leadership

With a nationally leading GDP and more Fortune-500 companies than in any other state, the California economy remains a global power package that is powered by diversity, creativity and opportunities.

• 4. The world's largest economy: Japan recently exceeded the California GDP of 4.1 trillion dollars.
• #1 in the nation: Leads the USA in Fortune 500 companies, new companies, goods capital access, production production, high-tech industry and agriculture.
• Large commercial power plant: Over $ 675 billion in two-way trade, which makes California the largest importer among the US states and an important driver for creating jobs.
• Production center: In more than 3,000 production companies that are employed by over 1.1 million workers, with strengths in aerospace, electronics and zero emission vehicles.
• KI & Innovation Leader: California organizes 32 of the world's best AI companies and produces 25% of global AI patents and conference papers.