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New York City welcomed a record 52 million visitors in 2012, a new all-time high and a 2.1 percent increase over 2011. Visitors to the city generated an estimated $55.3 billion in economic impact to the city’s economy, with direct spending reaching $36.9 billion.
In addition, New York City sold a record 29 million hotel room nights and generated $504 million in hotel tax revenue. With increased visitation, New York City’s hotel room inventory continues to expand with 91,500 active rooms and hotel occupancy rate of 87%, the highest in the nation. The hospitality industry across all five boroughs now employs 356,000 New Yorkers. The city continues to be the premier U.S travel destination, with an overseas market share at a record high of 33%.
“New York City continues to attract people from all around the world who want to experience our unique culture, food, parks, shopping, arts and energy. The tourism industry is thriving, creating thousands of jobs for New Yorkers at all rungs of the economic ladder. We are well on our way to achieving our new goal of 55 million visitors and $70 billion in economic impact by 2015.”
- Mayor Bloomberg
For more information, check out the press release. Are you planning on visiting New York City this year?