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The Brian Lehrer Show

NYC's Tourists Are (Mostly) Back

The Brian Lehrer Show

WNYC

York, News, Politics, Radio, Arts, News Commentary, Public, Lerer, Media, Wnyc, Bryan, Daily News, New, Nyc, Npr

4.61.5K Ratings

🗓️ 8 September 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

New York City's tourist numbers are steadily climbing up, with one noticeable exception. Greg David, contributor covering fiscal and economic issues for THE CITY and director of the business and economics reporting program at the Newmark Graduate School of Journalism and the author of Modern New York: The Life and Economics of a City (St. Martin's Press, 2012), breaks down the tourism numbers and explains why Chinese tourists aren't flocking to the city like they used to.

Transcript

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0:00.0

We'll take a look mostly now at the rebound of tourism in New York City, a strong rebound

0:14.4

post-pandemic, but with some interesting and perhaps threatening holes.

0:19.8

Visitors have been flocking to the U.S. Open and Queens, contributing to record attendance.

0:24.8

That generates so much tourism income outside the Tennis Center.

0:28.5

While jobs in hotels and restaurants have seen a boost of almost 10 percent in the past

0:33.3

year, hotel occupancy has seen a significant increase from last year and room rates have

0:39.4

surpassed pre-pandemic levels, that's occupancy rates.

0:43.3

Despite these mostly positive developments, the city probably won't surpass its 2019

0:48.7

record of 66.6 million visitors, and investors are uncertain about the future.

0:55.2

One reason, tourism from one really, really big country has not rebounded, with us now

1:01.2

to delve into the factors driving the rebound and the challenges that lie ahead for the

1:05.8

tourism industry, one of New York's biggest and most important, is Greg David, contributor,

1:11.2

covering fiscal and economic issues for the news organization, the city, as well as

1:15.7

director of the business and economics reporting program at the Graduate School of Journalism

1:21.2

at CUNY.

1:22.2

Hi Greg, always good to have you, welcome back to the show.

1:25.0

Thank you very much, always good to be back.

1:27.0

And can I actually take a minute with you and make a transition from the last segment,

1:32.5

since you look at these things constantly too and get your quick take on migrationomics

1:38.5

in New York City, Adam saying that the current pace of things will, quote, destroy the city

1:45.3

largely because of $12 billion in anticipated deficits over the next three years.

1:52.1

But at the same time, I mentioned in the last segment, there was a crane story earlier

...

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