New York City tourists dropped by more than 43 million visitors in 2020, costing businesses as much as two-thirds of their total tourism revenue as government restrictions during the COVID-19 pandemic changed consumer travel habits, according to a new report.
The report from state Comptroller Thomas DiNapoli found the city lost as much as $60 billion in economic impact due to tourism in 2020, when it was an estimated $20.2 billion compared to 2019 s $80.3 billion.
While the overall unemployment rate in the city rose to 20% in May and gradually declined to 12% by December, DiNapoli said the tourism industry lost a third of its jobs, or 89,000 jobs, due to the pandemic, losses in revenue and government-mandated restrictions.
NYC tourism plummeted in 2020 thanks to COVID, report says
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NYC tourism plummeted in 2020 thanks to COVID, report says
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