It’s no surprise that New York City continues to not only meet their tourism numbers, but exceeds them with ease. Looking at the past two years, Manhattan has shined in the world of tourism, and has opened “her” arms to a record number of visitors in 2014.
“Travel and tourism are a cornerstone of the City’s economy—our hotels, restaurants, attractions, retailers, Broadway theatres, performing arts, five-borough cultural organizations and transportation providers continue to draw new and repeat visitors to our City each year,” said Fred Dixon, President of NYC & Company.
56.4 million people visited New York City in 2014, which resulted in an overall economic impact of about $61.3 billion. With the number of hotels alone, tourism related jobs are vital to the success of many residents of Manhattan and the Boroughs; and in 2014, these tourism numbers supported approximately 359,000 jobs.
Looking at the numbers from 2013 in greater detail, visitor spending was an estimated $38.8 billion with $20.6 billion in wages being generated from these visitors. There was roughly the same amount of jobs being supported by tourism, with a total number of jobs being estimated at 348,200. The total in taxes generated in 2013 by these visitors was a total of $9.7 billion, which benefited each New York City household by an average of $1,640 in tax savings. These numbers have a huge impact in the New York City we all know, and an obvious reason why so much emphasis is put into tourism each year.
“Through the continued support of the de Blasio administration, I am confident we will reach our new target, further spreading tourism to every corner of our City, drawing visitors during slower periods, and showcasing the attractive new product in all five boroughs,” added Dixon.
It was during the NYC & Company’s annual meeting that included more than 800 tourism and hospitality industry members that Mayor Bill de Blasio, Alicia Glen (Deputy Mayor for Housing & Economic Development), Emily Rafferty (NYC & Company Board of Directors Chairman) and Fred Dixon (NYC & Company President) made the official announcement that New York City is on the ‘Road to 10 Million More Visitors’. According to the announcement, the tourism forecast is 67 million annual visitors by the end of 2021.
“There’s never been a better time to visit New York City and experience the dynamism and diversity that makes it the most exciting destination in the world. We look forward to welcoming 67 million annual visitors by 2021 to explore the boroughs, grow the economy, support the creation of hundreds of thousands of good jobs, and discover all the City has to offer,” said Alicia Green, Deputy Mayor for Housing & Economic Development.
What does this mean for New York City? If the history of these forecasts repeats itself, then the city is likely to exceed this prediction before the year 2021. Either way, it will be an exciting ‘ride’ for New York City, and all the individuals impacted each day by the national and international tourists. Total visitors for 2015 is projected to rise three per cent overall to 58.1 million, and each of these additional million visitors results in significant economic gains for the city.