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Business in Los Angeles   Breaking all-time records

Record-breaking year for Los Angeles economy

Los AngelesLos Angeles’ economy continued to surge in 2016, breaking all-time records for tourism, travelers at LAX, and cargo volume shipped through the Port of Los Angeles.

According to the Los Angeles Tourism & Convention Board, the city welcomed 47.3 million visitors in 2016 — an increase of nearly 4 percent over 2015.

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It marked the sixth consecutive year of record-breaking tourism growth, and moved L.A. closer to Mayor Garcetti’s goal of welcoming 50 million visitors a year by 2020.

LAX also broke its record for total number of passengers for the third consecutive year.

In 2016, 80.9 million travelers passed through the airport, an increase of more than 8 percent over last year. Of those travelers, 22.6 million — or more than 28 percent — were international.

The Port of Los Angeles broke a record of its own, moving more cargo in 2016 than ever in its 100-year history.

The Port shipped 8.8 million Twenty-Foot Equivalent Units (TEUs) last year, the most ever by a port in the Western Hemisphere.




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