Tourism in NY witnesses loss of around $38 billion

Published on : Thursday, October 22, 2020

Tourism industry loss across New York is approximately $38 billion, according to Tourism Economics, an Oxford Economics Company.


It highlights a 72% decline since March 1st in tourism, which includes hotels, restaurants, museums, and other items across New York State.
To quote the CEO of the New York State Tourism Industry Association, “I don’t want to downplay the fact that we have some very grim numbers. But the silver lining is we also have some very good stories to tell. And as we spoke about earlier, the road less traveled is the big success story in New York State Tourism. The folks in the Adirondacks had record visitation in many cases, I have heard wonderful stories from Western New York, the Chautauqua region, the Finger Lakes, parts of the Catskills. Markets that are more attuned to the family visitors or the couples.”


When the pandemic reached its peak between March and June, New York lost more than $19 billion in travel spending.


New York has a travel advisory, which mandates 14-day quarantine for anyone traveling outside the state, or from other states on a specified list traveling to New York.


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