New York City Tourist Office (NYC Tourism + Conventions) takes stock of the year 2023 in figures. Here are the results.
New York City’s tourism industry continued to support the state and city economies in 2023, generating $74 billion in economic revenue, of which more than $48 billion came from direct spending (unadjusted to inflation). This activity supported more than 380,000 jobs in the leisure and hospitality sector, approximately 9% of the city’s workforce, as well as thousands of small, locally owned and operated businesses. minorities in the five boroughs. Tax revenues of more than $6 billion generated by visitor spending have saved each New York City household approximately US$2,000 in 2023.
Today, New York City Tourism + Conventions, the official marketing, tourism, convention and seminar organization for the five boroughs of New York City, also released its results and forecast for 2023: the city will attract 61.8 million travelers in 2023, representing a rebound and recovery of 93% compared to the record attendance levels of 2019.
“I’ve said it before and I’ll say it again: New York City is back! And this year’s tourism numbers prove that our economic recovery is stronger than ever,” said New York Mayor Eric Adams. “New York City’s tourism industry touches every neighborhood in all five boroughs, supporting local small and minority-owned businesses and more than 380,000 local jobs. We are grateful to each of the 62 million visitors who brought more than $74 billion in economic activity to our city last year, and we look forward to welcoming even more visitors next year. »
“Throughout 2023, New York City recorded steady growth in tourism numbers returning to near pre-pandemic levels, reaffirming the industry’s place as a driver of the city’s economy. the city with $74 billion in economic impact,” said Fred Dixon, president and CEO of New York City Tourism + Conventions. “Our city is more dynamic than ever. New attractions, cultural offerings, restaurants, a welcoming arrival experience and more have helped NYC remain a top destination for domestic and international travelers. »
NYC Tourism Industry Internationally and Domestically
Domestic tourists will reach 51.1 million in 2023, an increase of 7.9% compared to 2022.
International visits, which account for almost half of all traveler spending, will reach 10.8 million visitors in 2023, an increase of 14.9% from the previous year.
By December 2023, more foreign travelers will hold a valid U.S. visa than at any time in history.
In 2023, New York City’s five largest source markets for international tourists will be the United Kingdom (974,000), Canada (864,000), France (728,000), Brazil (589,000) and Germany (554,000).
Canada regains its place as the second largest international market.
Western European markets are once again becoming the main markets for international travel to the city.
Economic conditions in South America remain mixed, but Brazil, Colombia and Argentina remain important feeder markets.
Asia-Pacific markets are returning at a slower pace due to distance, economics and access issues.
The Chinese market is recovering as flight capacity increases; China was New York City’s second largest source market in 2019.
Business and leisure travel
Each year, business travel accounts for approximately 20% of all visits to New York City; sector that was hit hardest by the pandemic but continues to recover at a slower pace.
In 2023, business travel is expected to reach 11.8 million, an increase of nearly 3 million visitors.
Tourist infrastructure
New York City remains the largest point of entry into the United States. The city operates the busiest airport system in the world, with more than 2,900 weekly flights landing at John F. Kennedy International Airport (JFK) and Newark Liberty International Airport (EWR).
LaGuardia Airport (LGA) and Stewart International Airport (SWF). These two New York City airports host the most flights of any other destination in the United States.
Air traffic at LGA, JFK and EWR airports now exceeds pre-pandemic levels.
More than $20 billion in investments are being made at JFK, EWR and LGA airports to improve the traveler experience:
LGA is undergoing an $8 billion transformation to become a single, structurally unified main terminal, providing improved transportation access and best-in-class passenger amenities. This is the first comprehensive reconstruction of a U.S. airport in more than 25 years. All remaining construction work is expected to be completed in 2024.
The Port Authority of New York City and New Jersey, in collaboration with American Airlines and Unibail-Rodamco-Westfield Airports, is launching a $125 million commercial redevelopment initiative for Terminal 8 at JFK Airport.
This project will provide more than 60 new shopping and dining opportunities, with a focus on local and diverse businesses, following the $400 million terminal expansion.
On January 12, 2023, EWR inaugurated the new Terminal A, after an investment of $2.7 billion, which offers 33 new gates for customers of Air Canada, American Airlines, JetBlue and of United Airlines, directly connected to a multi-level parking lot.
EWR is also working to implement a new elevated train system of approximately 4 kilometers in order to reduce greenhouse gas emissions and relieve traffic congestion.
New York City subway ridership continued to recover, reaching a record 2.9 million revenue rides on Saturday, December 9, representing the highest weekend ridership since 2019.
Hotels
Hotel performance remained strong in 2023, with an estimated 36.5 million room nights sold, approximately 8% below 2019 record levels.
New York City is once again among the top three US markets and was the best performing hotel city in the US in the fourth quarter of 2023.
Hotel demand remained strong and was supported by a steady increase in midweek business travel.
More than 70 new hotels creating more than 10,000 hotel rooms will be added to the city’s fleet over the next three years across the five boroughs.
Citywide inventory of active or available hotel rooms continues to vary as properties adapt to new market conditions. As of December 2023, approximately 121,464 rooms are in active inventory.
Further information
The arts and culture sector continued to see the opening of new venues and exhibitions. Employment in the arts and culture sector increased 7% year over year to approximately 84,800 jobs.
The 2022-2023 Broadway season saw 12.3 million admissions, 16.8% lower than the record-breaking pre-Covid 2018-2019 season (the last full season before the shutdown).
Broadway attendance increased 6% from 2022, while total revenue increased 9% to $11 million.
Future prospects
America 250: In 2026, the United States will celebrate 250 years of its founding. New York City will commemorate its status as the nation’s first capital, the birthplace of the American government and the place where the Bill of Rights was written.
2026 FIFA World Cup: FIFA has announced that New York/New Jersey will be the host city for the 2026 World Cup. Further details will be announced in the coming weeks, with a focus on matches taking place in the region.
New York City is currently on track to welcome 64.5 million visitors in 2024.
2023-12-21 08:59:20
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