1、 Spotlight 1 Centre Street,New York,NY 10007(212)669-3916|ptroller.nyc.gov Tourisms Role in New York Citys Economy March 12,2025 Office of the New York City Comptroller Brad Lander 3 Contents Introduction.4 Defining the Tourism Economy.4 Tourism Industries.5 Evolution of NYC Tourism Over Time.6 How

2、Does NYC Compare with Other Cities?.7 Fiscal Impact of Tourism.9 Recent Trends and Outlook.9 Acknowledgements.12 4 Tourisms Role in New York Citys Economy Introduction There are a number of drivers of New York Citys economy,led by finance(aka Wall Street),tech,and various business servicesall of whi

3、ch pay fairly well and are highly concentrated here.Yet other sectors are also important components of the citys robust and diversified economy,and one such sector is tourism.While tourism does not play an outsized role in New York as it does in cities like Orlando,Las Vegas,Honolulu,and New Orleans

4、,it attracts a huge number of visitors each year and more international visitors than any other U.S.city.And these visitors provide not only substantial revenue for the citys museums,restaurants,theatres,and hotels,but also support the citys nightlife,culture,and general vibrancy.During the first ye

5、ar of the COVID pandemic,tourism activity in the city virtually ground to a halt.The four years since,however,have seen a complete rebound in that sector.In this Spotlight,we look at the evolution in New York Citys tourism sector and how it compares and contrasts with other cities counterparts.As wa

6、s the case for the citys creative sector,which we explored in our October 2024 Spotlight,one of the more impressive developments has been that New York City has remained a top destination for visitors both domestic and foreign.Defining the Tourism Economy In contrast with well-defined industries lik