What does this measure?
The amount of money (in 2015 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?
Visitors to the Mid-Hudson Valley contributed over $1.5 billion to the region's economy in 2015, or $1,780 per resident. Statewide (excluding NYC), the figure was $1,930 per resident. The regional rate in 2015 was down 5% from 2007, a pre-recession peak. Revenue fell sharply in 2008 and 2009, but has increased every year since 2010, with the per-resident figure increasing 10% over that period. Among individual counties, Ulster had the highest per-person revenue from tourism in 2015 at $2,957, followed by Dutchess at $1,786 and Orange at $1,213.
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.