Museums and Historical Sites employed nearly 14,000 people in 2015; the most common of these positions being protective service workers making up roughly 2,000 of these jobs. Museum employment is also highly seasonal (Figure I) with employment peaking in the summer months. Several factors could explain this trend; for example, leisure tourism tends to spike during the summer months, and students are not attending school and may have more time to visit local museums and historical sites.
Cultural institutions—spanning from art museums to religious organizations—are an integral part of New York City life, and are enjoyed by both residents and visitors alike. According to NYC & Company, more than one-fifth of domestic tourists and more than half of overseas visitors attended a museum or gallery while in the region in 2015. International visitors typically stay longer (9.0 days for overseas visitors, compared to 2.1 for domestic) and have more time to visit cultural institutions. Many international tourists visit museums and galleries, but Australians attend them at the highest rates (about 68%). Australians also visit historical locations, cultural heritage sites, plays, and musicals at the highest frequency of any of the surveyed countries. While the Swiss have the lowest rate of museum and art gallery attendance (36%), they attend the third most plays and musicals, only behind Australia and Brazil.
New York City’s leading cultural institutions include some of the world’s most renowned museums and performing art companies. The Metropolitan Museum of Art (The Met), for example, regularly generates the highest revenue of the any of the city’s cultural institutions. In 2013 (the latest year for which IRS data is available) The Met’s incomes totaled $631.6 million, which includes tickets, contributions, asset sales, and other sources. The Met continues to experience steady growth, with revenues and assets up 34.4% and 8.4%, respectively, from 20111.
Half of the city’s top ten revenue-earning cultural institutions are museums, and four are performing arts organizations. The city’s most prominent museums have seen positive revenue growth in recent years; however, the city’s major performing arts centers have experienced falling revenues over a similar period.
There were 2,758 religious organizations (churches, mosques, synagogues, etc.) employing 32,700 people in New York City in 2014. Over the past decade, the number of religious institutions has grown by half a percentage point every year, equivalent to roughly 166 new religious establishments each year. While there were only 1,200 charitable institutions employing 19,500 people in 2014), the number of giving-oriented groups has grown at an annual rate of 4.0%, about four times faster than the average rate of business growth over that period.
 Two-year trends are used to smooth the high year-to-year volatility of non-profit revenues.
For the twelve months ending September 2016:
The number of construction projects rose by 11.9%. This growth was led by non-residential projects, which increased 14.5% from the twelve months ending September 2015.
Both the value and square footage of construction projects were down from last year’s totals. Total new building square footage was down 29.6% while the corresponding value of new building projects was down 23.3%. These drops were led by falling residential project sizes.
September 2016 saw the starts for 1,822 dwelling units across the City and 29,751 units over the last twelve months. This is down 37.4% from the prior twelve months.
Total ridership on MTA New York City subways and buses was 205.1 million in October 2016, a 6.3% decrease from October 2015. This is the largest year-over-year drop in 2016. The drop was led by declining bus ridership, which fell 7.4% from last year.
All MTA divisions—including commuter rails and bridges and tunnels—experienced declines from October 2015. Total ridership for MTA divisions was down 6.0% from last year at 231.4 million.
Broadway Ticket Sales
In August 2016, the average daily hotel room rate was $249, a 4.4% decrease from August 2015; this is the fifth consecutive month of year-over-year price decreases.