2014 was a great year for New York City! NYC Mayor Bill de Blasio, NYC & Company President and CEO Fred Dixon, and NYC & Company Board of Directors Chairman and President of The Metropolitan Museum of Art Emily K. Rafferty today announced that New York City reached an all-time record 56.4 million visitors in 2014. They generated a record $61.3 billion in overall economic impact, supporting 359,000 tourism related jobs and $21 billion in wages.
The City’s hotel sector reached 102,000 hotel rooms last year, while selling a record 32.4 million total hotel room nights, an all-time high. The tourism industry also generated $3.7 billion in local tax revenues.
Of the 56.4 million visitors who came to New York City in 2014, 44.2 million came from U.S./domestic locations, while 12.2 million came from international locations. Average hotel occupancy for the year finished at 89 percent, while average daily room rates citywide finished the year at $295. Both occupancy rates and room rates in New York City are the highest in the country.
In 2013, 54.3 million visitors came to New York City—a record high at the time. Surpassing that record, this year’s tally of 56.4 million visitors represents a 23 percent increase since 2009, when the City was attracting nearly 46 million visitors. Year over year, the City saw a nearly 4 percent increase in tourism.
In 2014, the City reached 102,000 hotel rooms in its active inventory. Since 2006, hotel inventory in New York City has expanded by more than 40 percent from 72,600, while demand has continued to outpace even this strong growth in new capacity. New York City currently has the most active hotel development pipeline in the country, and is on track to reach more than 115,000 rooms by 2017.
New York City is the nation’s number one big city destination, the number one port-of-entry for foreign visitors, the number one city for tourism spending, and has the highest share of overseas visitation to the U.S.—approximately one-third. Top market performers continue to reflect the strong pull of New York City in the international arena, where visitors stay longer and spend more, with the leading international markets being the United Kingdom, Canada, Brazil, France, China, Australia and Germany, in that order.
|Total Visitation to NYC||54.3 million||56.4 million|
|Domestic Visitation||42.9 million||44.2 million|
|International Visitation||11.4 million||12.2 million|
|Total Economic Impact||$58.7 billion||$61.3 billion|
|NYC Tax Revenue Earned||$3.5 billion||$3.7 billion|
|Jobs Supported by Tourism||348,000||359,000|
|NYS Tax Revenue Earned||$1.6 billion||$1.7 billion|
|Avg. Daily Hotel Room Rate||$291||$295|
|Avg. Hotel Occupancy||88.5%||89%|
|Room Nights Sold||30.2 million||32.4 million|