Economic Impact of tourism in Broome County

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From Visit Binghamton Convention & Visitors Bureau:

Tourism’s Economic Impact on Broome County

New York State’s tourism industry generated new records for total visitation, economic impact and direct spending in 2017. Supported by the governor’s unprecedented investments in tourism statewide, New York State welcomed a record-high 243.8 million visitors who generated an economic impact of $108.7 billion – exceeding $100 billion for the fourth straight year. In addition, direct visitor spending reached an all-time high of $67.6 billion. These figures each represent a more than four percent increase over 2016.

Broome County saw increases in tourism activity as well.

  • Economic Impact: $494,605,000
    The total economic impact of tourism in Broome County was $494,605,000., exceeding $100 billion for the fourth straight year – an increase of nearly $22 billion from 2011.
  • Traveler Spending: $300,848,000
    Visitors to Broome County in 2017 generated $300,848,000 in direct spending representing a 4.7 percent increase over 2016.
  • State and Local Taxes: $37,149,038
    Broome County tourism generated $37,149,038 in state and local taxes in 2017, a 1.05 percent increase over 2017, saving each household an average of $472 in taxes.
  • Employment: 6,613 jobs

Visit Binghamton is the official Tourism Promotion Agency for Broome County.
NYS commissioned Tourism Economics to generate their report. Tourism Economics, headquartered in Philadelphia, is an Oxford Economics company dedicated to providing high value, robust, and relevant analyses of the tourism sector that reflects the dynamics of local and global economies. By combining quantitative methods with industry knowledge, Tourism Economics designs custom market strategies, project feasibility analysis, tourism forecasting models, tourism policy analysis, and economic impact studies.

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