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NYS Tourism Impact Hudson Valley 2012

NYS Tourism Impact Hudson Valley 2012

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Published by: cara12345 on Jul 11, 2013
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07/12/2013

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2012 Calendar Year Hudson Valley Focus
 
TheEconomicImpactofTourisminNewYork
 
 
2
State Summary
 
 
3
Key themes in 2012
l
 
The recovery of New York State’s tourism economy continued toexpand in 2012, growing 6.2% after an 8.3% expansion in 2011.
l
 
 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%.
l
 
Direct tourism employment grew 2.8% to reach a new high in 2012while associated personal income expanded 4.6%. By both of thesemeasures, tourism outpaced the general economy.

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