What does this measure?
The amount of money (in 2014 dollars) spent by visitors while in the region. This includes recreation, hotel bookings, fuel purchases, and other visitor expenditures.
Why is this important?
Tourism brings external money into a region's economy, fueling the development of new industry and attractions. The sense that a region is a tourist destination also increases regional pride.
How is the region performing?
The Mid-Hudson Valley had $1,700 per person in tourism revenue in 2014, compared to $1,900 per person statewide (excluding NYC). On a per-resident basis, 2014 tourism revenue was down 7% from 2007, the region's prerecession peak. Revenue fell sharply in 2008 and 2009, but increased every year from 2010 through 2014, with the per-resident figure increasing 7% over that period. Among the individual counties, Ulster had the highest per-person revenue from tourism in 2014, at $2,800, followed by Dutchess at $1,700 and Orange at $1,200. Overall, tourism contributed almost $1.5 billion to the region's economy in 2014.
Notes about the data
The figures are presented per county resident to allow comparisons among counties of different sizes, but the spending is by tourists. New York State data excludes the heavy concentration of tourism in New York City. Data for this indicator are expected to be released in the third quarter.