New York City’s tourism industry continued to bolster the state and city economy in 2023, generating $74 billion in economic impact, with more than $48 billion coming from direct spending (not adjusted for inflation), according to the MTA, New York City Tourism + Conventions, and the Port Authority of New York.
This activity supported over 380,000 leisure and hospitality jobs—roughly 9% of the city’s workforce—and thousands of small and minority-owned businesses across all five boroughs. Tax revenue, which totaled more than $6 billion generated by visitor spending, saved each New York City household approximately $2,000 in 2023.
$74 Billion In Economic Impact
Business and leisure travelers are key to the health of the city’s economy, supporting diverse industries across the five boroughs.
380,000 Jobs
Visitors help support a vast array of employment opportunities in every…
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Scoopvizion (Digital) - 1 Issue, March 2024