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NYC & Company
New York City is on pace to attract 61.7 million visitors in 2023

New York City made significant gains in 2022 with an anticipated 56.4 million travellers arriving in the city by the end of the year.

This, says NYC & Company, represents a 71.4% increase over 2021. The city will see 47.4 million domestic and 8.9 million international travellers visit its five boroughs, with international visitation alone more than tripling over 2021, marking the return of 85% of the city’s record 2019 visitation levels.

Riding this momentum, New York City is on pace to attract 61.7 million visitors in 2023.

Several factors contributed to the city’s tourism rebound last year. Throughout 2022, New York City saw a steady return of visitors across all five boroughs with travel activity beginning to return to pre-pandemic patterns. The demand for hotels remained strong and was supported by a steady increase in midweek business travel. Meetings and conventions activity increased citywide with the Javits Center seeing a 15% increase from August to December 2022 as compared to the same period in 2021.

In addition, the resumption of airline service routes, the continuation of infrastructure investments throughout the pandemic, and the addition of new tourism offerings, programs and major events across the five boroughs have been critical to attracting visitors back to the City and encouraging spending activity.

Hotel performance grew throughout 2022 and is forecast to reach nearly 32 million room nights sold, just 20% below 2019 record levels. New York City is again among the top 25 U.S. markets and was the highest-performing hotel city in the country in November and December 2022. For the week ending Dec. 10, hotel demand recovered 96% of the 2019 benchmark with over 800,000 room nights sold. Hotel occupancy was over 90% and the Average Daily Rate (ADR) was over $400, which translates to a recovery of 124% of 2019 rates.

New York City remains the largest point of entry to the U.S. and a top destination for international travellers. International visitation, which accounts for nearly half of visitor spending, rebounded in 2022 with arrivals tripling over 2021 for a total of nearly 9 million travellers. Western European visitation rebounded significantly in 2022 after travel restrictions were removed at the end of 2021. In 2022, New York City’s five largest international markets were the United Kingdom (754,000), Canada (656,000), France (607,000), Brazil (520,000) and Spain (413,000).

Ongoing investment across New York City’s five boroughs will support ongoing tourism growth. These projects include a multibillion-dollar slate of improvements at LaGuardia, Newark-Liberty and John F. Kennedy airports; a new Moynihan Train Hall; and an expanded Javits Center to host business meetings and conventions. More than 11,000 hotel rooms will be added to the city’s inventory in the next three years and new attractions, museums, tours and other offerings continue to launch across the City. New York City will also benefit from major events in the coming years, including the celebration of the 50th anniversary of the birth of hip-hop beginning in 2023 and the hosting of the FIFA World Cup in 2026.

 

Source: Travelweek

Jan 04, 2023

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