New York City's tourism industry has experienced a surge in international arrivals, outpacing Toronto with 56.7 million tourists in 2022. This growth is attributed to a surge in business travel, which has propelled New York City's tourism sector to surpass pre-pandemic figures. In 2023, New York City welcomed 61.8 million travelers and is projected to welcome 64.5 million visitors in 2024 [385d945b].
The top five international markets for New York City in 2023 were the United Kingdom, Canada, France, Brazil, and Germany. These countries contributed significantly to New York City's tourism industry, which generated a $74 billion economic impact in 2023. The tourism sector in New York City supports over 380,000 leisure and hospitality jobs and has a substantial impact on the state and city economy, generating over $48 billion in direct spending and more than $6 billion in tax revenue in 2023. Accommodation is the largest expenditure for tourists in New York City, with spending reaching nearly $26 million. The city offers a wide range of renowned hotels, including the Plaza, the Waldorf Astoria, and the Hotel Chelsea. Additionally, vibrant attractions such as Broadway shows, Madison Square Garden, and the Metropolitan Museum of Art contribute to the city's appeal as a top travel destination [385d945b].
In contrast, Toronto attracted 8.95 million international tourists in 2023, reflecting its growing appeal as a travel destination. Toronto Pearson, Canada's busiest airport and the second largest in North America for international traffic, plays a significant role in facilitating international arrivals to the city. However, New York City's tourism industry has surpassed Toronto in terms of international arrivals, with a substantial economic impact of $123 billion in 2022 [385d945b].