SAN ANTONIO (San Antonio Express-News) – The Alamo City’s hospitality sector exceeded some industry insiders’ expectations by contributing $11 billion to the local economy last year.
That represents an 8 percent growth rate between 2006 and 2008, according to the latest report from the San Antonio Area Tourism Council.
The report also said the city’s hotels, restaurants, theme parks, travel agencies and other hospitality interests employed 106,311 and contributed $285 million in taxes and fees to area governments last year.
“Tourism, in conjunction with our growing military presence and flourishing biotech and cyber security sectors, has helped keep the city on more firm financial footing than a lot of American cities,” a statement by Mayor Julián Castro said.
Still, the sector’s economic impact did not grow as much from 2006 to 2008 as it did from 2004 to 2006 (16 percent) and from 2002 to 2004 (13 percent).