How to save money in California’s tourism industry
By Steve SmithAUBURN HILL, California (Reuters) – You’ll spend less at a bar in Hawaii than at a Starbucks in the United States, a new study shows.
Researchers from the University of California-Berkeley analyzed spending patterns in the tourism industry, which employs some of the nation’s highest-paid workers.
The researchers analyzed spending trends from the 2016-17 season for about 1,400 businesses and hotels, using data from data companies, hotels and travel websites.
In California, the state that has emerged as the tourism destination of choice, the average spend per person at a state-operated hotel or hotel-condo was $9.75.
At the same time, the median annual income at a California-operated resort, including resorts, was $40,000.
The findings are consistent with research that suggests many U.S. resorts are operating at lower profitability than they were four years ago.
California is also the country’s second-largest tourist destination, and in 2016, a record number of tourists were visiting.
The study found that the average annual income of a tourist visiting California was $37,890, about $7,500 lower than in 2016.
But some hotels are operating below their revenue projections, which would raise questions about how much money the state is saving by not opening more hotel rooms.
The report did not look at other types of hotel occupancy, such as suites.
“The reality is that the state’s hotel industry is on the brink of total collapse,” said study co-author Christopher H. Jones, a professor of management at UC Berkeley.
“That’s going to have a real impact on the way that we spend money in the future,” Jones said.
The study found the average spending for an average hotel room in the U.K., the most-popular destination in the world, was about $13,000 less than the average U.Y.S., according to the World Travel & Tourism Council.
But it did not break down how much of that difference was due to a higher occupancy rate.
It is unclear whether the lower occupancy rate is an anomaly, or whether the state will be able to keep the hotel occupancy rate above its projections by increasing the number of hotel rooms, Jones said, because the occupancy rate at a hotel is based on occupancy rather than room rate.
The average cost per room in California was about twice the average of all U.N. member states.
The University of Hawaii has said it will begin a two-year study to explore ways to save on room costs, including a proposal to sell off rooms and charge a fee for guests to stay longer.
The report, which was released on Thursday, was one of the first of its kind in the country, according to H.D. Taylor, the director of the tourism and hospitality studies department at the University at Buffalo.
“This is the first national study of this type, and it’s the first that we know of,” Taylor said.
Taylor said the study was based on data from two companies: Tourism Research Associates and TripAdvisor, both of which provide data to the travel industry.
Taylor said the data was collected before Airbnb was even a popular service.
He said the analysis also looked at hotel occupancy at resorts, including the number and type of rooms, as well as the occupancy rates for each hotel room.
TripAdvisor said it collects hotel occupancy data to provide an annual snapshot of the economy, and is not able to provide revenue projections for the state.
Airbnb said the company does not receive revenue from California because it does not operate in the state, and that it relies on an international partner to collect the data.
California was the fourth-most popular destination for international visitors in 2016 and the third-most visited state in the nation, according a survey from TripAdvisors.
The U.D.-based organization said the state had the second-highest number of international visitors, after California, in 2017.
California’s tourism and hotel industries account for about 4.6 percent of the state economy, according the study.
The state had 1.7 percent of overall U.T. revenue in 2017, according for the latest U.P. data from the Bureau of Economic Analysis.
California has been grappling with a wave of hotel closures, including two that closed in 2017 and 2018.
The latest of those was at the popular San Francisco Bayfront hotel, which shuttered in March 2018 and has been renovated.
In March, the San Francisco Board of Supervisors approved a $1.8 billion bond to help repair the damaged Bayfront, which included a $300 million rehabilitation of the hotel.
The project is now expected to be complete in 2021.
Gavin Newsom, a Democrat, in 2018 proposed a measure to allow hotels to shut down for 10 days during major storms, a move critics said would encourage tourists to spend money at hotels.
The Trump administration has taken a more cautious approach to hotels, which are allowed to open as many as five days a week.