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DiNapoli: New York’s tourism sector is nearing full recovery

May 23, 2024 Brooklyn Eagle Staff
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CITYWIDE — NEW YORK’S TOURISM SECTOR is approaching a complete recovery as visitor spending and related tax revenue have surpassed pre-pandemic levels, according to a new report from New York State Comptroller Thomas P. DiNapoli. The city estimates it will exceed pre-pandemic levels and welcome a record 68 million visitors by 2025. Driving this recovery have been domestic travelers, especially those making leisure trips. The 50.6 million U.S. visitors to the Big Apple in 2023 comprised 7% more than in 2022, equivalent to 95.3% of those who visited in 2019. Moreover, revenue from this tourism has risen, with visitors having spent more than $48 billion in New York during 2023, up 1.3% over 2019. The higher expenditures are attributed to price increases, including average daily hotel room rates, which exceeded $300/night. The uptick is projected to generate a record $4.9 billion in sales and other tourism-related tax revenue for the city for Fiscal Year 2024, a 16% jump since FY 2020.

However, Comptroller DiNapoli’s report showed that international travelers comprise about 20% of the city’s visitors, but their return has been slower after their numbers fell by more than 82% during the height of the pandemic.


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