Arizona's economy runs on two engines: tourism and migration. 45.7 million visitors spent $29.7 billion here in 2024—$81 million per day—while the population grows at the nation's 4th-fastest rate. People are fleeing California for lower taxes, 300 days of sunshine, and housing that costs 40% less.
Phoenix tech corridors mix with Scottsdale luxury resorts and Grand Canyon gateway towns. International visitors jumped 20%, spending up 30%. The state doesn't have seasonal dead zones—desert resorts, wine country, mountain retreats, mining heritage towns all pull traffic year-round. Retail spaces here tap into explosive growth from both tourists and new residents who bring California money and Texas optimism.