New York City will reach 54.3 million visitors in 2013, a new all-time high and an increase of nearly 20 million additional annual tourists from 2002, announced Mayor Michael R. Bloomberg, NYC & Company Chair Emily Rafferty, and NYC & Company CEO George Fertitta. By the end of 2013, visitors to New York City will have generated $58.7 billion in overall economic impact and $39.4 billion in direct spending, while jobs in the leisure and hospitality sector are anticipated to reach a monthly average of more than 370,000 by year’s end, demonstrating the importance of the tourism and hospitality industry to New York City and its economy. The Mayor also announced today that the City is on pace to reach 55 million annual visitors by next year, one year ahead of his original goal of 2015.
“Tourism plays a vital role in our city’s economy, and the work that we’ve done to strengthen tourism over the past 12 years has helped our city weather the national economic downturn and come out in far better shape than most other cities,” said Mayor Bloomberg. “Since 2002, overall tourism here has grown more than 50 percent, while international visitation has increased more than 100 percent. In addition, more and more people are visiting attractions outside of Manhattan, thanks in part to our efforts to support cultural organizations in neighborhoods across the city.”
Of the more than 54 million visitors in 2013, 42.9 million travel to New York City domestically, while 11.4 million travel from international locations. Hotel demand in 2013 will also reach a projected 30 million hotel room nights sold, which represents an increase of 1 million room nights sold as compared to last year. Hotel average occupancy for the year is anticipated to finish at 87.8 percent, while average daily room rates citywide are up for 4 percent to $296. Hotel development is expected to reach 100,000 rooms by the end of 2014.
New York City is the nation’s number one big city destination, the number one port-of-entry for foreign visitors, and has the highest share of overseas visitation to the U.S. – approximately one-third. Top market performers continue to reflect the strong pull of New York City in the international arena, with the leading international markets being Canada, United Kingdom, Brazil, France, Germany, and Australia, in that order.
For a recap of last week's top stories, check out MeetingNews Minute:
> Watch More Videos