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NYS Tourism Impact - Finger Lakes v2

NYS Tourism Impact - Finger Lakes v2

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Published by: cara12345 on Jul 11, 2013
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2012 Calendar Year Finger Lakes Focus
The Economic Impact of Tourism in New York 
State Summary
Key themes in 2012
The recovery of New York State’s tourism economy continued to
expand in 2012, growing 6.2% after an 8.3% expansion in 2011.
 As a result, traveler spending reached a new high of $57.3 billion.
Key industry data provide details of the historic expansion:
Room demand surged, growing 3.9% in 2012. And room ratesincreased 3.8% equating to a total hotel revenue increase of 7.3%according to Smith Travel Research.
 Air passenger activity increased 4.5% for JFK and LGA combinedwhile airfares at these airports increased 2%.
 A combination of modestly higher fuel prices and additional drivevisitors 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 thesemeasures, tourism outpaced the general economy.

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