New York City's visitors contribute to a record-breaking $4.9 billion in tax revenue.

Reported 6 months ago

New York City's tax revenue from tourists has exceeded pre-pandemic levels, with a record $4.9 billion expected in the current fiscal year, driven by a surge in US visitors offsetting declines in international and business travel. Despite a slower-than-anticipated return of international travelers, the city is projected to host 68 million visitors by 2025. The tourism industry is still down 10.4% in terms of jobs compared to pre-pandemic levels, but New York City remains the top US tourist destination.

Source: YAHOO

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