A bright spot in the local economy -- tourism -- continues to generate big numbers for the region's beleaguered businesses.
Tourists spent $16.4 billion in 2012, most of it on hotels and restaurants, according to a study commissioned by the Los Angeles Tourism & Convention Board. By comparison, the agency said, tourists spent $15.4 billion in 2011.
Tourism last year also generated more than $2 billion in state and local taxes, the study said.
The study, completed by Micronomics, an economics research and consulting firm from Los Angeles, also concluded that tourism helped support nearly 230,000 jobs last year.
Tourism has been on the rise for three years, with 41.4 million visitors in 2012, a new record and a 2.5% increase over 2011.