Thursday, May 16, 2019

New Orleans’ economy is very dependant on the tourism and lodging industry

impudent Orleans sparing is very dependant on the tourism and lodging industriousness. In the away couple of years this industry in New Orleans has declined. In 1996 the city hosted 12 million tourists and conventioneers and they spent close to $4 billion. The average daily room rate was $105. The September 11 attacks had a huge affect on the tourism industry. Although the economy in New Orleans is rising, the number of tourist each year has dropped dramatically.This past year New Orleans hosted an estimated 7.995 million visitors. This is jumpyly the same number as they hosted in 1991, sum the increase in visitors throughout the nineties has been abolished. On the positive side, these 8 million visitors spent an approximate $4.5 billion on hotel rooms, food, drinks, entertainment, and shopping. This figure is actually higher than that spent by the 12 million visitors in 1996. This $4.5 billion created 2.9 billion in revenue and helped support more than 138,000 are jobs.New Orle ans has through a considerable job in compensating for the decline in the tourism industry. Because of the lack of visitors they have exclusively made it more expensive for the guests they do receive. The current average daily room rate for New Orleans hotels is about $170. Average airfare from Denver to New Orleans is $400. Even though these prices are so high, the great thing about New Orleans is that no matter what day of the year visitors can endlessly find free events. All of this contributes to what should be a very profitable 2004.

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