Has Colorado’S Tourism Industry Grown?

Colorado has experienced a significant increase in tourism over the past decade, with a record-breaking 93.3 million visitors who spent $28.3 billion in 2023. This growth supports 188,000 jobs and generates $1.8 billion in state and local revenue. The Longwoods Travel USA Report indicates that visitation to Colorado increased by 3.6, with a total of 93.3 million visitors in 2023 compared to 90 million in 2021.

The Dean Runyan report also shows that travel spending in Colorado grew $5.6 billion from $22.1 billion in 2021 to $27.7 billion in 2022, a 25 percent increase. The Colorado Tourism Office’s survey of 2021 visitors by Longwoods International and Dean Runyan Associates shows visitor spending reaching a 25 percent increase.

In 2022, Denver welcomed a record 36.3 million visitors, marking a 15% increase over 2021 and surpassing all historic tourism totals by a. Overall, Colorado’s tourism industry grew with $28.2 billion in travel spending, a 3.9 increase from 2022, and 93.3 million visitors, a 3.6 increase from 2022. Both state and local tax revenue grew to a combined $1.8 billion dollars, a 5.7 increase.

The state’s economic development office reports that a growing number of visitors continue to spend billions in the state each year. The Dean Runyan report shows a 7.3 increase in travelers and a 16.8 increase in overnight visitors in 2023.

The tourism industry supports more than 187,000 jobs in Colorado, and its share of the national tourist market climbed to 3.1%. Between 2009 and 2019, the number of international visitors to Colorado increased by 62%, while domestic traffic grew by 46%.

Why are fewer people moving to Colorado?

In 2013, Colorado experienced a net population growth of one in 12 people moving to a new state. However, this number dropped to one in 120 people in 2023. Between 2020 and 2023, Colorado had an average net gain of 6, 645 people from other states each year, compared to 41, 540 between 2013 and 2020. The net change in international migration outpaced the net change in domestic migration from other U. S. states by 35 and 39, respectively. More people left Colorado for other states than arrived in 2022.

The recent drop in net migration is due to the uptick in Coloradans moving to other states, while the number moving in from other states has remained steady through 2022. U. S. Census figures from fiscal year 2023 suggest continued challenges in keeping the population on track with workforce needs. Colorado gained hundreds of thousands of new residents from domestic migration during the 2010s.

Is Colorado still booming?

From 2010 to 2020, the population of Colorado exhibited a net increase of 75, 000 residents per year. However, from July 2021 to July 2022, the annual population increase was only 27, 700 people at a rate of 0. 5, representing a decrease from the previous decade. Notwithstanding this, Colorado was ranked 21st in the United States for population growth, situated just above the median position.

Why are so many people going to Colorado?

Denver, a unique city with a booming economy, great schools, beautiful natural landscapes, and cultural attractions, is attracting approximately 50, 000 people considering moving to the area this year. The city is known for its diverse economy, with major industries such as aerospace, defense, biotech, healthcare, finance, and hospitality. Colorado is also known for its higher education opportunities, with 75 of Denver’s public high schools recognized on U.

S. News and World Report’s Best High Schools rankings and over 200 private schools. The University of Colorado and The University of Denver are top research universities, and there are several more colleges and universities to choose from. Denver’s diverse economy and high-quality education make it an attractive choice for those looking to relocate to the area.

Is Colorado a tourist state?

Colorado’s tourism industry is a significant contributor to the state’s economy, supporting over 187, 000 jobs and spending $28. 3 billion in 2023. The industry also saves every Colorado household $790. 15 annually in taxes, a significant savings compared to the $1. 8 billion in state and local taxes paid by visitors. However, in 1993, Colorado eliminated its tourism marketing function, leading to a 30% drop in its domestic market share and a loss of over $1.

4 billion in tourism revenue annually. This loss has continued to increase over time, reaching well over $2 billion yearly. To understand the importance of tourism marketing and its direct impact on Colorado’s economy, read a special report and watch The Story of Colorado Tourism.

Why do tourists go to Colorado?

Colorado is a breathtaking destination with a blend of cities, mountains, valleys, snow, and sun. It offers beautiful scenery, great food, and friendly people. With multiple nonstop flight options from CVG, Colorado is easily accessible. It’s family-friendly, perfect for solo trips and couples. The state has a variety of activities for every interest, personality, and fitness level. For example, a pre-kids trip involved horseback riding on a mountain, while a trip with a kid saw them driving up to the summit of Pikes Peak for stunning views. Overall, Colorado offers a unique and memorable experience for anyone looking to connect with nature and enjoy the outdoors.

Is Colorado tourism down?

Colorado’s tourism economy experienced a record-high visitation and visitor spending in 2023, with 93. 3 million visitors and $28. 3 billion spent, according to a report by the Colorado Tourism Office. This represents a 3. 6 increase in travelers and a 3. 9 increase in spending compared to 2022. The state also saw a 16. 8 increase in spending compared to 2019, the last pre-pandemic year. Nearly half of the money spent by travelers in 2023 was in the Denver-metro area, with the second highest spending region being the “Rockies Playground”, which includes High Country and Western Slope areas like Summit, Eagle, Pitkin, and Garfield counties.

What is the #1 attraction in Colorado?

Rocky Mountain National Park, created by President Woodrow Wilson in 1915, is the fifth-most visited national park in the U. S., with over 4 million visitors annually. Unlike other national parks like Yellowstone and the Grand Canyon, it is a local regional park, with 30-40% of visitors coming from Colorado. The park’s spokesperson, Jamie Richards, emphasizes its regional focus and local appeal.

Why is Colorado such a popular place to live?

Colorado offers residents stunning mountain landscapes, outdoor adventures, a strong economy, and a solid job market. However, popular cities like Denver and Colorado Springs don’t make the top five best places to live in the state, according to USA TODAY Homefront findings. Grand Junction, Littleton, and Loveland were ranked highest in home affordability, low crime rates, and restaurants and entertainment, while Brighton and Commerce City in Adams County ranked lowest due to high living costs and poorly rated schools.

Why is Colorado so popular now?

Colorado, renowned for its natural splendor, economic accessibility, and multifaceted recreational opportunities, recorded a population of approximately 264, 500 residents in 2022. Grand Junction, which has been identified as the optimal location for relocation, is distinguished by its affordable housing options, low crime rates, and high-quality educational institutions. In 2022, over 260, 000 individuals relocated to Colorado, making it a highly sought-after destination for those contemplating long-distance relocation.

Why is Colorado so popular?

Colorado is a popular destination for tourists, known for its diverse attractions such as Rocky Mountain National Park, Red Rocks Amphitheatre, Pikes Peak, Garden of the Gods, and Aspen. These attractions offer breathtaking mountain views, alpine lakes, and diverse wildlife. The state’s cuisine is a blend of Western flavors and international influences, featuring locally sourced meats, farm-fresh produce, craft beers, and green chili.

Five famous restaurants in Colorado include Broadmoor’s Penrose Room in Colorado Springs, Frasca Food and Wine in Boulder, Mercantile Dining and Provision in Denver, The Little Nell in Aspen, and The Fort in Morrison. These attractions make Colorado a top destination for winter sports enthusiasts and luxury travelers alike.

How many tourists does Colorado get a year?

Colorado experienced a record 93. 3 million visitors in 2023, spending $28. 3 billion, supporting 188, 000 jobs and generating $1. 8 billion in state and local tax revenue. The tourism industry continues to thrive, with record numbers of visitors since 2010, excluding the pandemic. The total spending in 2023 was all-time highs, compared to 2014’s record of $18. 6 billion. Longwoods International, a visitor research firm, states that there are more travelers spending in Colorado than ever before, indicating a strong tourism industry.