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But you already know this is a great place - you live here!
We also enjoy a unique relationship with our extended Park City family - those that visit us from around the world. Our community, our life, is better together.
Last year, we had over 2.1 million winter visitor nights. During that period, visitors spent 640 Million Dollars, generating 25 Million Dollars in total tourism taxes collected in Summit County. As we look at the past 20 years, the average annual Visitor Night growth rate has been 2.53% per year.
9,122 people were employed by tourism last year alone that made 270 Million Dollars in total wages in Summit County.
Over the past 5 years, jobs have grown by 2.4% while wage growth was nearly 4 times as large at 8.3%. But the economic impact doesn’t end there.
Most municipalities across the country have seen sharp declines in sales tax revenues due to online shopping. Thanks to the amount of visitors who shop in Park City, its sales tax revenues have remained strong. These funds allow the city and county to build a better communities - like making a $15M walkability investment, tens of millions of dollars spent on open space acquisitions and a $10M bond on trail improvements earning the world’s first ever Gold Level Ride Center with over 400 miles of trails in Summit County.
Across the state, Park City school district is a unique outlier. Where most districts collect less than 20% of the basic program cost from property taxes, Park City school district receives over 115%. If we break down the sources of property taxes in Summit county, 60% come from secondary homes, 30% from primary residences, and 10% from commercial. Vacation properties contribute significantly to the quality of education available in Summit county .
Arts and cultural opportunities thrive in this type of economically robust environment. Considering the culinary aspects of our community ,few places have as many restaurants per capita as we do. Park City has 2.13 per 1,000 residents, just behind San Francisco with 2.14. Compare that to another community similar in size and it’s not even close. The rich diversity of cuisine couldn't be sustained without our unique tourism ecosystem.
There’s a lot to celebrate about our great community - especially the benefits our world-class tourism industry provides.
For more information, check out visitparkcity.com
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