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Tuesday, March 6, 2012

Even In A Recession, San Francisco Spends Billions on Nightlife

Posted By on Tue, Mar 6, 2012 at 10:00 AM

Thanks for your money, out-of-towners. - TERRY CHAY/FLICKR
  • Terry Chay/Flickr
  • Thanks for your money, out-of-towners.
Have you hugged a tourist today? In a 2010 study, San Francisco's Office of Economic Analysis revealed that 3,200 nightlife establishments have generated more than $4 billion for the city.

80 percent of this stemmed from visitor areas including North Beach, Chinatown, and Union Square, and on an average night, 57 percent of patrons were visitors to S.F. No word on what percentage of this is from purchases of emergency fleecewear by people who expected California to be warm.

Restaurants contributed the most revenue, an estimated $3.2 billion. Bars, venues, nightclubs, art galleries, and live theater are also included in the establishments studied in 2010.

These industries supported the city's economy by collectively spending $1.6 billion on local foods, beverages, services, performers and provided jobs for 48,000 people. With payroll and sales taxes depositing into the city's general fund, $55 million in tax revenue was generated.

Because the study was done using patron and business surveys, the U.S. Economic Census, and government databases and statistics, outdoor festivals weren't included. However, Outside Lands was noted for generating $60 million in a study done by San Francisco State University and Another Planet Entertainment.

You can view the full report here.

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Erika Maldonado

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