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Tourism’s growing economic impact on Broome County

BINGHAMTON — New York State’s tourism industry generated new records for total visitation, economic impact, and direct spending in 2017, according to a recent report. The state said it attracted 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 […]

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BINGHAMTON — New York State’s tourism industry generated new records for total visitation, economic impact, and direct spending in 2017, according to a recent report.

The state said it attracted 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 numbers were both up more than 4 percent increase over 2016.

Broome County saw increases in tourism activity as well. The total economic impact of tourism in Broome County was $494.6 million. Visitors to Broome County in 2017 generated $300.8 million in direct spending, a 4.7 percent increase over 2016, according to Visit Binghamton, the official tourism promotion agency for Broome County.

Broome County tourism generated more than $37.1 million in state and local taxes in 2017, a 1.05 percent increase over 2017, saving each household an average of $472 in taxes, the county says.

Broome County had 6,613 tourism jobs.

New York State commissioned Tourism Economics to generate the report. Tourism Economics, headquartered in Philadelphia, is an Oxford Economics company that researches and analyzes the tourism sector.

Journal Staff