NYC tourism industry rebounds by 71% since 2021

Tourism is an integral part of the New York economy and continues to be a key driver of business sales, employment, and tax revenue. City tourism industry leaders say they have an optimistic outlook for the new year. nyc tourism 2023

Visitor spending increased by 53% in 2021, a bounce back after the significant decline in 2020. Spending grew across all sectors, driven by strong room demand and increases in prices of key commodities, especially in lodging and transportation. Indeed, average room rates at hotels in the state increased by 30%, with room demand increasing by 40%. Strong growth was seen in lodging, by far the hardest-hit category during the pandemic. Lodging spending increased by nearly 70% after a fall of 60% in 2020. Despite the strong rebound, lodging spending remains at 77% of 2019 levels.
Recreational spending grew 52% in 2021, bringing it back to 69% of pre-pandemic levels.
Visitor spending was led by growth in the domestic and North American markets, while overseas inbound arrivals and spending remained depressed in 2021 as restrictions were in place for much of the year.

According to NYC & Company, the city’s official destination marketing organization and visitors bureau, more than 56 million travelers visited New York City last year. The organization says that is more than a 71% increase since 2021 when the pandemic gutted the travel industry.

More than 62 million visitors are expected to visit NY in 2023 nyc tourism 2023

International visitors to NYC more than tripled in 2022 against 2021, giving the city the third highest increase globally (international travel is expected to grow worldwide by 40% in 2023). As Mayor Adams put it in a recent roundup of the city’s tourism prospects, “New York City is not coming back—we are back.”  How about you?

Amazing New York City is full of iconic architectural landmarks, cultural venues and stunning views. So why not explore the Big Apple to its core with a Broadway show, a game at Yankee Stadium, or a ferry ride to the Statue of Liberty?

Whether you want to see chic Manhattan, culturally diverse Brooklyn or the birthplace of rap and hip hop in the Bronx, you can count on the city’s reliable subway or iconic yellow cabs that will take you there in no time. Don’t forget to visit the top of the Empire State building and admire the great city panorama and iconic skyline.

New York’s busy Times Square is the world’s most visited tourist attraction and never fails to mesmerize with its impressive neon lights. Nearby Central Park attracts joggers, walkers and picnickers all year round who want a little break from NYC’s frenetic pace.

The restaurants here are among the best in the world but be sure you try the city’s famous hot dogs too. The Fifth Avenue and its luxury shopping is the place to be for all the Carrie Bradshaws and other fashionistas of the world.

New York’s John F. Kennedy and LaGuardia airports make travelling to downtown easy and taking a train into Grand Central Station is yet another sight to see.

From budget hostels to trendy apartments, to top-notch luxury hotels, Booking.com offers a variety of accommodations so you will always find the best solution for your New York holiday.

If you want a complete tour of New York, check out:

 

Like this? "Sharing is caring!"