The chaos and crisis caused by the Icelandic volcano is about to hit New York — hard.
City officials are bracing for the loss of $250 million in tourism-related revenue as the ash clouds prevented nearly 12,000 European travelers from visiting New York over the weekend.
“The people we were expecting are not coming and not spending money at restaurants,” said Marjan Inbar, a spokeswoman for the New York travel office NYC & Co.
International tourists make up only 20% of the visitors to New York, but account for 50% of tourism spending, city officials said.
The tourism agency estimates that for every 1,000 European visitors who cancel their trips, the city will lose out on $1.5 million in spending on hotels, restaurants and museums.
The massive worldwide delays left many travelers stuck in airport terminals – and not pumping cash into New York hotspots.
(Read More: NY Daily News)
3 Responses
what about all the revenue from those stuck in nyc
I say that all of those European elites can stay home.
new law by the left Obama cool-aid drinkers now we can sue the icelanders for the loss of revenue