NYC Tourism Rebounds, But Lack of Big-Spending Chinese Visitors Slows Full Recovery
-
New York City's tourism industry is rebounding post-pandemic, but the lack of Chinese visitors is slowing the full recovery. Chinese tourists typically spend the most money.
-
China's struggling economy and financial uncertainties are making international travel unaffordable for most Chinese consumers.
-
In 2019, Chinese tourists accounted for 8% of New York City's international visitors but spent 14% of all international tourist dollars.
-
The number of Chinese visitors to New York City in 2022 is projected to be only 3% of international tourists, down from over 1 million pre-pandemic.
-
Fewer flights between the US and China, higher airfares, and China's COVID policies also make travel difficult now.