Insight
Real GDP for New York industries associated with tourism saw no growth between the final quarter of 2024 and the third quarter of 2025.
New York Lost Thousands of International Visitors Last Year. The State Comptroller Blames Tariffs.
Summary
New York's tourism sector is feeling the pinch, with a 3% decline in international visitors last year, equating to over 176,000 fewer travelers. This downturn, linked to tariffs, has resulted in no growth in tourism-related industries' real GDP and a 1.2% drop in hotel occupancy. Understanding these trends is critical for hosts in the area.
Key takeaway