Thursday, December 31, 2009

NYC Tourism Down for the First Time in 8 Years

posted by Father Tony

This is not a surprise. The recession is not imaginary and we have friends who had been frequent NYC visitors before the economic downturn. I am glad this NY Times report included the fact that the downturn in domestic visits was offset considerably by foreign tourists taking advantage of the weaker dollar. I have never before this year heard foreign languages prevail on city sidewalks.

Let's boil down the stats presented. Visitors predicted to be down by 5%. Hotel occupancy rates down 5% and Broadway show attendance down 5%.

Looks like the downturn is 5%, no? Expect some discounted room and ticket prices in the new year. Don't hold your breath for Amtrak to wake up.

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