Tourism has a huge financial impact in our state and region
Plattsburgh, NY Governor Kathy Hochul recently announced that New York State welcomed a record 291.5 million visitors in 2022, the largest number of visitors in New York State’s history, generating $123 billion in total economic impact. These figures represent staggering increases over 2021 and surpass the previous records set in 2019, prior to the COVID-19 pandemic, following the Governor’s historic investments in tourism, economic development, public safety, transportation, and other key sectors.
Visitor spending, visitor-supported jobs, and business sales generated $20 billion in government revenues. State and local taxes alone tallied $10 billion in 2022. Each household in New York would need to be taxed an additional $1,300 to replace the visitor-generated taxes received by New York state and local governments in 2022.
New York State Tourism
- Total economic Impact was $123 billion in 2022
- Visitor spending was $79 billion in 2022, up 51% from 2021 and up 6% from 2019
- The industry generated $10billion in State and local sales tax
- U.S domestic markets increased 41% in 2022
- Canadian Travelers grew by 44% in 2022
- Tourism remains the state’s third-largest industry
“New York’s pandemic recovery has been one for the history books, and by welcoming an unprecedented 291 million visitors and generating billions of dollars in direct investment to our state, we’re writing the next chapter in our success story,” Governor Hochul said. “In the three years since the pandemic ground tourism to a halt, we have made transformative investments to uplift businesses, support workers in tourism and hospitality, and build a stronger, more welcoming New York. Now, from bustling New York City to the breathtaking Adirondack Mountains, visitors are confirming what we’ve known all along – New York is the place to be. Tourism continues to be an important driver behind our state’s economy, and my administration is committed to boosting the industry to ensure that visitors worldwide can see all that New York has to offer.”
Clinton County Tourism
Along with the state tourism spending breakdowns, the study also shows how the counties in the Adirondacks are stacking up. Once again, Clinton County Tourism boasts some very impressive economic impact numbers for 2022, contributing greatly to overall tourism spending and to local and state sales tax. This shows that the county is a viable player in the tourism make-up of the Adirondack region:
- $189,000,000 in traveler spending (up 25% over 2021)
- $9,975,000 collected in state taxes (up 20% over 2021)
- $12,400,000 contributed to local taxes (up 13% over 2021)
- $73,200,000 in labor Income
Kristy Kennedy, Vice President of Marketing for the Adirondack Coast Visitors Bureau and the North Country Chamber of Commerce, which also serves as the Tourism Promotion Agency for Clinton County through I Love NY, expresses her enthusiasm, saying, “These numbers are a warm welcome for Clinton County’s tourism industry. They are a testament to the effectiveness of our ongoing marketing initiatives and underscore our robust connections with both our Canadian and domestic visitors. I am delighted to witness Clinton County’s strong performance and eagerly anticipate the promising results that 2023 is poised to deliver.”
Adirondack Region Tourism
Comprised of Clinton, Essex, Franklin, Hamilton, Lewis and Warren Counties, the Adirondack Region also saw very strong numbers:
- $2,170,000,000 in traveler spending (up 12% over 2021)
- $116,566,000 collected in state taxes (up 14% over 2021)
- $138,159,000 contributed to local taxes (up 6% over 2021)
- $839,000,000 in direct labor income (19,063 jobs total)
“Tourism, including Canadian visitation of all kinds, continues to be a key part of our economy and the latest numbers for 2022 show a strong post-pandemic rebound that we know has grown even stronger this year,” says Garry Douglas, President of the North Country Chamber of Commerce. “We’ve been especially focused last year and this on heightening the return of our Canadian friends, exceeding 90% of pre-pandemic 2019 numbers this summer, and retaining the growth in downstate visitation that we attracted during the pandemic, especially from the Capital Region. This strong activity shows itself in small business recovery after 2020-21 and in sales tax revenue growth, which benefits every taxpayer and resident. Our thanks to our area’s business community for being so inviting and welcoming, to the Clinton County Legislature for its continuing partnership, and to Kristy Kennedy and Alyssa Senecal, who do amazing work conducting a very aggressive and multi-faceted marketing program to both the north and south. Onward and upward!”
Full study can be found here: https://bit.ly/3rhhIWo
Posted: October 2nd, 2023 under Adirondack Region News, Business News, General News, Lake Champlain News, Northern NY News, Peru/Regional History, State Government News.