Though celebrities still retreat to Palm Springs, many today establish residences in other areas of the Coachella Valley. The city’s economy now relies on tourism, and local government is largely supported by related retail sales taxes and the TOT (transient occupancy tax).
It is a city of numerous festivals, conventions, and international events including the Palm Springs International Film Festival.
The world’s largest rotating aerial tramcars (cable cars) can be found at the Palm Springs Aerial Tramway. These cars, built by Von Roll Tramways, ascend from Chino Canyon two and a half miles (4 km) up a steep incline to the station at 8,516 feet (2,596 m). The San Jacinto Wilderness is accessible from the top of the tram and there is a restaurant with notable views.