The loss is approximately $38 billion, according to Tourism Economics, which is an Oxford Economics Company.
It means a 72% decline since March 1st in the tourism space, which includes hotels, restaurants, museums, and other items across New York State.
That said, Robert Provost tells Spectrum News that New Yorkers are finding ways to spend money here, even if it isn’t what others would have spent in the state.
“I don’t want to downplay the fact that we have some very grim numbers,” the CEO of the New York State Tourism Industry Association said. “But the silver lining is we also have some very good stories to tell. And as we spoke about earlier, the road less traveled is the big success story in New York State Tourism. The folks in the Adirondacks had record visitation in many cases, I have heard wonderful stories from Western New York, the Chautauqua region, the Finger Lakes, parts of the Catskills. Markets that are more attuned to the family visitors or the couples.”
When the pandemic peaked — between March and June — the state lost more than $19 billion in travel spending.
The state has a travel advisory, which mandates a 14-day quarantine for anyone who travels outside the state, or from other states on a specified list who travel in to New York.