Hudson Valley Tourists Spent Billions in 2018
Whether you like tourism or not, visitors to the region have spent billions of dollars on our local economy.
Patch reports that tourism is booming in the Hudson Valley region, to the tune of $4.4 billion dollars. That's right; tourists in the Hudson Valley spent $4.4 billion dollars in the area in 2018. This spending has made the Hudson Valley the third-highest revenue-generating region in New York State. New York City and Long Island took the first and second positions.
The majority of tourist spending came from food and beverage as well as lodging. They took up 46% of the spending, according to Patch. Tourist spending on dining, lodging, shopping, local attractions, and transportation generated $307 million in local taxes in 2018. It also generated $238i in state taxes in 2018. This tax money means the average Hudson Valley household will get $738 in tax relief, thanks to the money made from tourism.
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