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Published on Thursday, April 29, 2021

Pandemic decimated NYC tourism in 2020






The impact of the pandemic had a devastating effect on New York City, with revenues down about $60 billion across tourism, retail, the arts and culture, and transportation. It also led to the loss of 89,000 tourism related jobs and $1.2 billion in lost tax revenue.


Comptroller Thomas DiNapoli released a report detailing the economic impact during 2020 which showed tourism spending was only $13 billion, which was down 73%, and a full recovery is possibly years away.


 


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