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Tourism helps fuel state gains ADVERTISEMENT

Tourism helps fuel state gains

ALBANY--Tourism statistics for 2016 have been released by Tourism Economics, an internationally recognized travel data firm, using the Impact Analysis for Planning (IMPLAN). The input-output model for New York State is used by governments, universities, and public and private sector organizations. The model follows the flow of sales through the economy to the generation of GDP, employment, wages and taxes.
Some of the key New York numbers from 2016 include the following:
The state's tourism economy expanded with 2.7 percent growth in traveler spending, reaching a new high of $65 billion--22 percent above the state's pre-recession peak set in 2008.
Passenger counts at all state airports increased 5.1 percent in 2016.
Over 780,000 jobs were sustained by tourism activity in 2016 with a total income of $34.6 billion. 8.3 percent of all state employment is involved with tourism, either directly or indirectly.
The total economic impact of tourism statewide reached a record $104.8 billion, exceeding $100 billion for the third straight year, an increase of nearly $18 billion compared to 2011.
New York State tourism generated $8.2 billion in state and local taxes in 2016, a nearly three percent increase over 2015, saving each household an average of $1,133 in taxes.
Tourism remains the fourth largest private sector employer in the state, supporting more than 914,000 jobs, according to the New York State Department of Labor. The tourism industry was also responsible for nearly $21 billion in direct wages, a 25 percent increase from 2011.




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