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Pandemic decimated NYC tourism in 2020
The impact of the pandemic had a devastating effect on New York City, with revenues down about $60 billion across tourism, retail, the arts and culture, and transportation. It also led to the loss of 89,000 tourism related jobs and $1.2 billion in lost tax revenue.
Comptroller Thomas DiNapoli released a report detailing the economic impact during 2020 which showed tourism spending was only $13 billion, which was down 73%, and a full recovery is possibly years away.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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