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State Summary
Air passenger activity increased 4.5% for JFK and LGA combined while airfares at these airports increased 2%.
A combination of modestly higher fuel prices and additional drive visitors pushed spending at gasoline stations up 7.8%.
Direct tourism employment grew 2.8% to reach a new high in 2012 while associated personal income expanded 4.6%. By both of these measures, tourism outpaced the general economy.
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Headline results
Travel & tourism remains a vital and growing component of the New York State economy. Spending by visitors to New York grew 6.2% in 2012 to $57.3 billion.
This spending generated $92 billion in total business sales including indirect and induced impacts.
More than 714,000 jobs were sustained by tourism activity last year with total income of $29 billion. 8.1% (1 in 12) of all New York state employment is sustained by tourism, either directly or indirectly. New York State tourism generated $7.2 billion in state and local taxes in 2012, saving each NYS household an average of $891 in taxes.
As a result, the tourism economy reached another high in 2012, with $57.3 billion in traveler spending.
Traveler spending growth has averaged 5% per year since 2003 (compound annual growth).
$40
$30 $20 $10 $-
0%
-5% -10%
-15% 2005 2006 2007 2008 2009 2010 2011 2012
Source: Tourism Economics
Overseas 27%
Canada 3%
Domestic 70%
14 12 10
8 6 4 2 Lodging Food Service Transport Retail & Svc Recreation Stations
Transport 20%
Transport 20%
Recreation 9%
Lodging 28% Food Service 22%
Lodging 28%
Lodging
$ $ $ $ $ $ $ $ 11,575 12,832 14,301 14,710 12,208 13,873 15,155 16,267 7.3%
Food Service
$ $ $ $ $ $ $ $ 9,663 10,565 11,357 11,492 10,511 11,313 11,806 12,379 4.9% $ $ $ $ $ $ $ $
Recreation
4,259 4,668 5,191 5,336 4,668 4,817 5,019 5,332 6.2%
TOTAL
43,431 46,574 51,081 53,108 45,777 49,775 53,910 57,257 6.2%
% change
8.6% 7.2% 9.7% 4.0% -13.8% 8.7% 8.3% 6.2%
Canada
816 1,021 1,287 1,340 1,132 1,304 1,395 1,495 -15.5% 15.2% 7.0% 7.2%
Overseas
$ $ $ $ $ $ $ $ 10,384 11,496 13,070 13,508 11,482 13,396 14,937 15,782 -15.0% 16.7% 11.5% 5.7% $ $ $ $ $ $ $ $
Total
43,431 46,574 51,081 53,108 45,777 49,775 53,910 57,257 -13.8% 8.7% 8.3% 6.2%
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Lastly, the induced impact is generated when employees whose incomes are generated either directly or indirectly by tourism, spend those incomes in the city economy.
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Tourism sales
Including the indirect and induced impacts, traveler spending generated $92billion in business sales in 2012 up 6.0%.
Tourism Sales (Output)
(US$ Million, 2012)
Direct*
Agriculture, Fishing, Mining Construction and Utilities Manufacturing Wholesale Trade Air Transport Other Transport Retail Trade Gasoline Stations Communications Finance, Insurance and Real Estate Business Services Education and Health Care Recreation and Entertainment Business Lodging Food & Beverage Personal Services Government TOTAL % change 7,941 3,563 5,480 6,295 2,112 5,332 Day 14,155 12,379 57,257
Indirect
371 1,073 1,786 1,116 46 1,035 284 11 1,146 3,008 5,560 20 276 100 376 308 427 16,941
Induced
163 525 1,520 1,072 60 367 1,811 63 669 2,532 1,527 3,299 228 122 758 718 2,530 17,964
Total
534 1,598 3,306 2,188 8,046 4,966 7,575 6,369 1,815 7,652 7,086 3,319 5,836 14,376 13,513 1,026 2,956 92,162
% change
5.7% 5.8% 5.8% 5.8% 6.4% 4.9% 5.3% 7.8% 5.8% 5.2% 5.7% 5.8% 6.2% 7.9% 4.9% 5.8% 5.8% 6.0%
6.2% 5.7% Note: Direct Sales include cost of goods sold for retail and gasoline stations
5.8%
6.0%
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Traveler-generated sales
Traveler-Generated Sales by Industry
$ million
14,000
Induced Indirect
Significant indirect benefits
12,000
10,000 8,000 6,000 4,000 2,000 0
Direct
Restaurants
Retail Trd
Lodging
FIRE
Gas stations
Educ, Health
Business
* Direct sales include cost of goods sold for retail ** Air transport includes local airline and airport operations, including sales generated by inbound visitors, plus outbound and transit passengers *** FIRE = Finance, Insurance, and Real Estate
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Wholesale Trd
Business Svc
Other Transp
Air Transport
Manufacturing
Government
Recreation
Travel-generated employment
Travel-Generated Employment
2012
Direct
Agriculture, Fishing, Mining Construction and Utilities Manufacturing Wholesale Trade Air Transport Other Transport Retail Trade Gasoline Stations Communications Finance, Insurance and Real Estate Business Services Education and Health Care Recreation and Entertainment Lodging Food & Beverage Personal Services Government TOTAL Business % change
Indirect
3,441 2,682 4,993 5,037 179 11,252 3,389 124 2,751 10,133 35,761 266 4,456 767 6,008 4,200 1,638 97,075
Induced
1,524 586 3,671 4,806 233 3,401 21,624 720 1,288 7,954 10,923 35,418 3,321 939 12,029 10,879 1,006 120,322
Total
4,966 3,268 8,664 9,842 30,640 76,650 48,998 12,239 4,039 25,631 46,684 35,684 78,060 98,883 212,250 15,079 2,644 714,222
% change
2.4% 2.3% 2.4% 2.4% 0.3% 0.6% 2.3% 0.3% 2.4% 2.1% 2.4% 2.6% 4.6% 2.0% 4.4% 2.5% 2.4% 2.8%
496,825 Day
3.0%
2.3%
2.6%
2.8%
The tourism sector supported 8.1% of payroll employment (1-in-12 jobs) in New York State last year. Travel-generated employment (2.8%) grew at more than twice the rate of the broader NYS economy (1.3%)
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Tourism employment
Traveler-Generated Employment
Thousands
800 700 600 500 400 300 200 100 Direct Indirect Induced
0Business 2008
2009
Day
2010
2011
2012
In 2007, the tourism sector supported 7.7% of payroll employment and now stands at 8.1% of payroll employment as measured by the US Bureau of Labor Statistics.
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Tourism employment
As a labor intensive collection of services, tourism-related sectors represent significant employment to New York State. The more than 714,000 jobs sustained by traveler activity span every sector of the economy, either Business directly or indirectly.
Traveler-Generated Employment by Industry
Thousands 220 200 180 160 140 120 100 80 60 40 20 0
Recreation Retail Trd Business Svc
Restaurants
Air Transport
Personal
Lodging
Communications
Educ, Health
Gas stations
Manufacturing
Agriculture
Other Transp
Day
16
Wholesale Trd
Construction
FIRE
Tourism employment
Tourism-generated employment has contributed to the economic recovery of New York.
Traveler-Generated Employment
Thousands
800 700 600 500 400 300 200 100 Direct Indirect Induced
After growing 2.8% in 2012 (including direct, indirect, and induced impacts), tourism employment Business reached a new high of 714,222.
Day 0
2008 2009 2010 2011 2012
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Rank
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Industry
Health care and social assistance Professional and business services Retail trade Finance and insurance Tourism Manufacturing Administrative and waste services Educational services Food services and drinking places* Wholesale trade Construction Transportation and utilities Information Real estate and rental and leasing * net of direct tourism-generated employment
2012 BLS
1,341 1,168 913 504 497 458 438 422 371 334 312 262 261 178
Tourism is the 5th largest employer in New York State on the basis of direct tourism employment. The above table compares our estimates of tourism-generated employment with total employment by sector.
Source: Bureau of Labor Statistics, State and Area Employment
Business
Day
18
Tourism income
Tourism Income (Compensation)
(US$ Million, 2012)
Direct
Agriculture, Fishing, Mining Construction and Utilities Manufacturing Wholesale Trade Air Transport Other Transport Retail Trade Gasoline Stations Communications Finance, Insurance and Real Estate Business Services Education and Health Care Recreation and Entertainment Lodging Food & Beverage Personal Services Government TOTAL Business % change
Indirect
70 307 305 415 14 559 114 3 347 829 2,455 11 153 37 137 131 111 5,997
Induced
39 127 258 396 19 155 721 19 164 812 740 1,780 104 43 273 322 66 6,037
Total
109 435 563 811 2,480 2,075 1,598 354 510 1,936 3,195 1,791 2,123 5,599 5,220 453 177 29,428
% change
4.3% 4.3% 4.4% 4.4% 1.2% 2.2% 4.3% 2.3% 4.3% 4.3% 4.3% 4.5% 6.0% 5.8% 6.2% 4.4% 4.4% 4.6%
4.8%
4.2%
4.5%
4.6%
Tourism-generated income grew 4.6% with increased employment and longer hours from tourism workers, reaching $29.4 billion in 2012.
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Traveler-generated income
Traveler-Generated Income by Industry
$ million
6,000
Induced
Indirect Direct
Retail Trd
Lodging
FIRE
20
Communications
Other Transp
Air Transport
Educ, Health
Wholesale Trd
Manufacturing
Business Svc
Construction
Gas stations
Restaurants
Recreation
Business
Day
Personal
Total
Federal Taxes Corporate Indirect Business Personal Income Social Security State and Local Taxes Corporate Personal Income Sales Property Excise and Fees State Unemployment TOTAL % change 7,578.8 1,332.0 598.1 2,688.4 2,960.3 7,237.9 1,418.6 1,162.5 2,167.6 2,095.5 285.3 108.4
Total state and local tax proceeds of $7.2 billion saved the states households an average of $891 in tax burden.
Business
Day
14,816.7
5.1%
21
Tax Type
State Tax Subtotal Corporate Personal Income Sales Property Excise and Fees State Unemployment Local Tax Subtotal Corporate Personal Income Sales Property Excise and Fees State Unemployment
2010
2,784.3 535.2 857.38 1,143.09 0.0 150.83 97.8 3,710.9 711.6 191.0 762.1 1,949.2 97.0 0.0
2011
2,974.8 574.3 908.6 1,226.5 0.0 161.8 103.6 3,905.1 763.5 202.4 817.6 2,017.5 104.1 0.0
2012
3,142.3 609.0 950.7 1,300.6 0.0 173.6 108.4 4,095.6 809.6 211.8 867.0 2,095.5 111.7 0.0
Business
Day
22
Regional Summary
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New York State is divided into 11 economic regions. New York City is the largest single tourism region with 65% of state visitor spend. New York City, Long Island and Hudson Valley together comprise nearly 80% of New York State traveler spend.
ChautauquaAllegheny 1%
Long Island 9%
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Reliance on tourism
Tourism Share of Regional Employment 2012
18.0%
16.0%
14.0%
Direct Tourism Total Tourism
Tourism is an integral part of every regions economy, generating from 6% to 18% of employment.
Chaut.-Allegheny
0.0%
Tourism is most important to the Adirondacks and Catskills, generating 18% and 15% of total employment, respectively.
Thous. Islands
Finger Lakes
Capital-Saratoga
Hudson Valley
Note: All regional and county tourism shares are calculated using QCEW (ES-202) employment and wage totals as produced by the NYS Dept. of Labor.
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Adirondacks
Long Island
Catskills
Niagara
Tourism growth
Growth in Traveler Spending
10.0% 2011 8.0% 6.0% 4.0% 2.0% 0.0%
Chautauqua-Allegheny Finger Lakes
Thous. Islands Niagara
Traveler spending rose across every region of the state last year. Long Island and the Catskills experienced higher growth in 2012 than 2011. New York City experienced the largest rise in spending. Greater Niagara, Thousand Islands, Central New York and Long Island also each experienced growth rates of 5% or more.
2012
Hudson Valley
Adirondacks
Catskills
Long Island
26
Capital-Saratoga
Regional growth
Traveler Spend
Year-Over-Year Comparison
Traveler Spend '000s 1. Chautauqua-Allegheny 2. Greater Niagara 3. Finger Lakes 4. Thousand Islands 5. Adirondacks 6. Central New York 7. Capital-Saratoga 8. Catskills 9. Hudson Valley 10. Long Island 11. New York City TOTAL $ $ $ $ $ $ $ $ $ $ $ $ 2010 463,181 1,955,008 2,561,784 431,002 1,136,482 1,705,158 1,525,253 997,153 2,864,271 4,600,685 31,535,008 49,774,984 $ $ $ $ $ $ $ $ $ $ $ $ 2011 492,598 2,122,491 2,714,389 455,931 1,185,516 1,829,583 1,628,710 1,029,949 3,066,304 4,835,602 34,549,067 53,910,138 $ $ $ $ $ $ $ $ $ $ $ $ 2012 497,549 2,232,241 2,767,948 480,591 1,231,718 1,921,589 1,689,826 1,070,983 3,154,900 5,140,592 37,069,055 57,256,992 2012 / 2011 % 1.0% 5.2% 2.0% 5.4% 3.9% 5.0% 3.8% 4.0% 2.9% 6.3% 7.3% 6.2%
Business
Day
27
28
29
30
31
Total Tourism Impact, 2012 Cayuga Chemung Cortland Livingston Monroe Onondaga Ontario Schuyler Seneca Steuben Tioga Tompkins Wayne Yates TOTAL
Traveler Spend '000 $91,703 $107,490 $65,876 $46,901 $960,907 $791,142 $191,659 $32,060 $45,649 $128,501 $36,541 $173,913 $35,677 Business $59,930 $2,767,948
Labor Income, '000 $42,364 $56,061 $31,114 $24,075 $512,081 $367,581 $94,375 $12,304 $21,951 $56,902 $16,559 $89,948 $15,779 Day $24,045 $1,365,138
Employment 1,800 2,212 2,020 1,214 19,679 16,727 4,283 608 956 2,175 859 3,435 959 817 57,746
Local Taxes State Taxes '000 '000 $6,342 $5,033 $6,913 $5,899 $4,051 $3,615 $3,120 $2,574 $69,422 $52,735 $60,258 $43,418 $13,208 $10,518 $2,344 $1,759 $3,071 $2,505 $9,024 $7,052 $2,317 $2,005 $13,157 $9,544 $2,223 $1,958 $4,218 $3,289 $199,667 $151,905
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Lodging 23%
Business
Day
33
2012 Traveler Spend '000s Cayuga Chemung Cortland Livingston Monroe Onondaga Ontario Schuyler Seneca Steuben Tioga Tompkins Wayne Yates TOTAL
Lodging $26,777 $20,162 $13,054 $7,721 $244,786 $178,976 $36,168 $9,377 $8,337 $29,108 $13,676 $44,771 $3,176 $10,426 $646,516
Recreation $3,113 $3,204 $5,023 $1,294 $45,062 $27,259 $9,216 $2,371 $1,370 $8,574 $3,268 $8,781 $1,648 $525 $120,706
F&B $19,070 $36,543 $26,196 $19,055 $267,846 $210,829 $70,073 $5,120 $15,733 $26,999 $7,459 $44,704 $11,845 $19,657 $781,128
Retail & Svc Stations $17,119 $20,362 $15,474 $11,163 $207,924 $160,065 $42,041 $5,207 $10,073 $23,528 $8,155 $36,176 $6,070 $10,072 $573,429
Transport $10,026 $23,906 $1,317 $2,718 $189,336 $188,476 $18,710 $0 $814 $7,595 $337 $34,590 $3,785 $1,188 $482,800
Second Homes $15,596 $3,313 $4,811 $4,950 $5,953 $25,537 $15,451 $9,984 $9,323 $32,697 $3,646 $4,892 $9,151 $18,063 $163,369
Total $91,703 $107,490 $65,876 $46,901 $960,907 $791,142 $191,659 $32,060 $45,649 $128,501 $36,541 $173,913 $35,677 $59,930 $2,767,948
Business
Day
34
Business
35
Business
36
Business
37
Millions
Indirect/Induced
Direct
Onondaga
Steuben
Tioga
$0
Cayuga Livingston
Schuyler
Tompkins
Monroe
Ontario
Seneca
Chemung
Cortland
Day
Tourism in the Finger Lakes generated $807 million in direct labor income and $1.37 billion including indirect and induced impacts. Tourism is most important to the income base of Yates County, generating 11.6% of all labor income.
38
Wayne
Yates
Business
Day
0.0%
3.0%
6.0%
9.0%
12.0%
15.0%
Share of Economy
39
2012 Tourism Labor Income, '000 Cayuga Chemung Cortland Livingston Monroe Onondaga Ontario Schuyler Seneca Steuben Tioga Tompkins Wayne Yates Business TOTAL
Direct $25,039 $33,134 $18,390 $14,230 $302,663 $217,257 $55,780 $7,272 $12,974 $33,631 $9,787 $53,163 $9,326 $14,212 $806,858
Total (Direct, Indir., Induced) $42,364 $56,061 $31,114 $24,075 $512,081 $367,581 $94,375 $12,304 $21,951 $56,902 $16,559 $89,948 $15,779 $24,045 Day $1,365,138
Share (Direct) 2.6% 2.1% 3.0% 2.0% 1.8% 2.0% 2.8% 4.5% 2.9% 1.9% 1.6% 2.4% 0.8% 6.9% 2.0%
Share (Total) 4.4% 3.6% 5.0% 3.4% 3.0% 3.4% 4.8% 7.6% 4.9% 3.2% 2.8% 4.1% 1.4% 11.6% 3.4%
40
Business
10.0%
12.0%
14.0%
Share of Economy
41
Tourism in the Finger Lakes supported 57,746 jobs in 2012. Tourism supported 19,676 and 16,727 jobs in Monroe and Onondaga counties, respectively .
20,000 15,000
Indirect/Induced Direct
10,000 5,000 0
Onondaga Steuben Cayuga Livingston Schuyler Monroe Ontario Seneca
Chemung
Tioga
Tompkins
Business
Day
42
Cortland
Wayne
Yates
2012 Tourism Employment Cayuga Chemung Cortland Livingston Monroe Onondaga Ontario Schuyler Seneca Steuben Tioga Tompkins Wayne Yates Business TOTAL
Direct
Total (Direct, Ind., Induced) 1,252 1,800 1,538 2,212 1,405 2,020 845 1,214 13,689 19,679 11,636 16,727 2,980 4,283 423 608 665 956 1,513 2,175 598 859 2,389 3,435 667 959 568 817 Day 40,169 57,746
Share (Direct) 4.8% 4.1% 8.0% 4.3% 3.7% 4.9% 5.9% 8.6% 5.9% 4.2% 4.6% 4.9% 2.3% 8.3% 4.4%
Share (Total) 6.9% 5.9% 11.5% 6.1% 5.3% 7.0% 8.5% 12.4% 8.5% 6.0% 6.6% 7.0% 3.3% 11.9% 6.3%
43
Millions
$60
$40 $20
Onondaga
Steuben
Tioga
$0
Cayuga Livingston Schuyler Monroe Ontario
Seneca Chemung
Tompkins
Day
44
Cortland
Wayne
Yates
Were it not for tourism-generated state and local taxes, the average household in the region would have to pay an additional $441 to maintain the same level of government revenue.
45
Employment definitions. The basis of our data and modeling is the Regional Economic Information System (REIS), Bureau of Economic Analysis, U.S. Department of Commerce. This is different than the NYS Department of Labor data source (ES202/QCEW). The main definitional difference is that sole-proprietors, which do not require unemployment insurance and are not counted in the ES202 data. BEA data shows (for example) state accommodations employment at 89,124, compared with QCEW at 82,190. For total employment (across all sectors), the difference is 20%.
International methodology. Our approach (through Travel Industry Association calculations) is based the estimates on direct survey responses to the Department of Commerce in-flight survey and Statistics Canada data constrained to BEA international balance of payments data. The NY data are consistent with TIAs state-by-state distribution which ensures against overestimation. All employment and income results are constrained to known industry measurements for key tourism sectors.
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48
49
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