San Antonio's $13.4 billion hospitality industrySan Antonio's $13.4 billion hospitality industryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=26842014-10-27T06:47:00Z2014-10-27T00:00:00Z

SAN ANTONIO - The hospitality industry employs nearly 125,000 people and pumps an estimated $13.4 billion into the San Antonio economy annually, up from a record $12.2 billion set in 2012, according to a Trinity University study.

Trinity professors Richard Butler and Mary Stefl found that, of the total $13.4 billion that the hospitality industry generates for the local economy, nearly $350 million ends up in the city's and county's coffers.

The study reveals 122,500 local residents — or one in eight San Antonians — work in the travel and tourism sectors, which span hotels, taxis, theme parks, museums and more. Their annual payroll exceeds $2.49 billion, an increase from $2.23 billion in 2011 when about 112,500 employees worked in the industry.

An estimated 31 million people visit San Antonio each year, with 24.9 million of them traveling to the city for leisure.

San Antonio-New Braunfels
http://www.mysanantonio.com/business/local/article/What-s-hospitality-mean-to-S-A-13-4B-5834378.phpRead more at {Source}

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