Return of major international tourism to New York

New York It is suffering from a pandemic crisis more than any other city in the United States. This is the result of a very detailed study published in the New York Times on June 21. According to figures released by the diary, New York lost 11.8% of its jobs between February 2020 and April 2021. Compare 4.4% on average in America. The city is well ahead of Los Angeles (-10.5%), San Francisco (-10.3%), Boston (-9.9%) or Chicago (-6.7%).

The disappearance of white-collar manna

Investigative journalists in the city really believe this New York’s strong reliance on business travel and tourism is currently an obstacle to its economic recovery.. They believe that thousands of jobs in street restaurants, bars, shops and outlets are actually due to the presence of one million “suburbs” working in Manhattan every day.

However, due “Partnership for New York”, economic incentive group, only 12% of workers returned to Manhattan by the end of May. By the end of July, with daily normalization, this figure should reach 29%. Still waiting for the Partnership for New York At the end of September, only 62% of office workers were self-employed. And again, 71% of companies would bring in employees only three times a week.

Therefore, it is a threat to hundreds of companies. Because this 62% figure actually means the disappearance of 300,000 consumers in the city. Authorities estimate that about half of the SMEs in the catering or tourism sector have already disappeared.

same observation for Manhattan tourist manna. According to the NYC & Company tourism office, New York attracted 66.6 million visitors in 2019. The number of international visitors decreased slightly compared to 2018 and reached 13.5 million. The United Kingdom, France and Germany were the first three European source markets.

International tourism is in decline

In 2019, business trips accounted for 20% of all visitors – or 13.6 million travelers. Thus, tourism generated more than $ 47 billion in direct costs, including $ 23.1 billion in international markets.

In 2020, the weight of tourism – not surprisingly – fell sharply. Last year New York dropped 67 percent to 22.3 million visitors. Autumn is even more cruel for international tourism. 2.4 million international visitors – mainly in January and February, a decrease of more than 82.2%.. Again, a decline affecting the entire travel sector – from airlines to hotels, including taxis and restaurants.

NYC & Company is relatively less optimistic about rapid international recovery. According to his forecasts, The total number of visitors is expected to reach 36.4 million this year, of which only 4.6 million are international visitors.. New York will return to the level of visitors only in 2019 2023.

However, recovery for international tourism would be even slower.L. It will only return to the level of 2019 between 2024-2025. Thus, the number of visitors will reach 8.3 million in 2022 and 11.2 million in 2023.

The same slow evolution for business travel. By 2020, the number of visitors fell to 3.3 million – a market share of 14.8% of all visitors. According to NYC & Company, it is not expected to return to 2019 levels by 2025.

The slow return of international visitors and business travelers could continue to hamper the economic future of the American metropolis for a long time to come.

If Joe Biden is finally opening his borders, especially for European travelers. The US president said in March that the borders would be reopened in May. Since then, the Biden administration has maintained a deafening silence. Pressure is rising in hotel and airline lobbies at least for the publication of a roadmap for an international opening. With the possible softening of the watermelon in September …

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