New York State’s tourism economy reports a 3.0% increase in spending across the Long Island region.
Long Island, NY - August 17, 2017 - Statistics from the New York State Economic Impact of Tourism report showcase Long Island as a leading region for statewide traveler spending in 2016. New York State’s tourism economy reports a 3.0% increase in spending across the Long Island region, resulting in $5.6 billion annually and generating more than $700 million in state and local tax revenues.
New York City and Long Island combined draw the majority of visitors to New York State, comprising of nearly 75% of all state traveler spend.
“The continued rise in traveler spending on Long Island further supports the importance of this industry for our region and our residents,” said Kristen Jarnagin, President & CEO of Discover Long Island. “We welcome over nine million visitors annually to enjoy our natural assets, vibrant downtowns, rich history and diverse culinary scenes. As a result, the tourism industry has become a critical economic driver for Long Island, supporting more than 100,000 local jobs and generating significant revenue for local businesses.”
New York State reported a 2.7% growth in traveler spending, reaching a new high of nearly $65 billion – 22% above the state’s pre-recession peak set in 2008. This annual study is commissioned by Empire State Development by Tourism Economics, an Oxford Economics company. Oxford Economics is one of the world’s leading providers of economic analysis, forecasts and consulting advice.
ABOUT DISCOVER LONG ISLAND
Discover Long Island was established in 1979 as the official tourism promotion agency for the destination’s travel and tourism industry. The organization contributes to the economic development and quality of life on Long Island by promoting the region as a world-class destination for tourism, meetings and conventions, trade shows, sporting events and related activities. For more information, please call 631-951-3900 or visit www.discoverlongisland.com.