DICKINSON, N.Y. — The economic impact of tourism in Broome County reached $626 million between direct sales and personal income in 2024.
“This enhanced economic impact has resulted in 5,854 jobs in our area, further demonstrating the importance tourism plays in supporting Broome County and its communities,” Visit Binghamton said in announcing the data.
Overall visitor spending in Broome County reached over $428 million in 2024, an increase of 5.2 percent over 2023. Visitor spending is distributed between lodging, recreation, transportation, food and beverage, and retail. The lodging business had the highest visitor spending with visitor expenditure of $141.6 million followed by food and beverage at about $167.3 million.
(Sponsored)
New Sexual Harassment Policy and Training Requirements. Does Your Policy Comply?
New York State requires all employers to provide annual sexual harassment prevention training and a harassment policy to its employees. This requirement applies to all employees, including hourly and salaried,
The New Rule for Independent Contractors – Are You Ready?
Effective March 11, 2024, the US Department of Labor will change the analysis it uses to determine whether an individual is an employee or independent contractor under the Fair Labor
Tax revenue
Tourism generates substantial local taxes for Broome County visitors, Visit Binghamton said.
Year-end tourism-generated taxes totaled $48.7 million in 2024. Tourism generated $26 million in local taxes (direct and indirect taxes combined), and $22.7 million in additional state taxes.
“The tax revenue generated from visitors provides critical funding for public services and infrastructure that ultimately supports the quality of life for all residents of Broome County. In fact, the final net revenue through tourism in Broome County contributed to a unique tax savings of an estimated $595 per household,” per the Visit Binghamton announcement.
Visit Binghamton also noted that a recent Tourism Economics Report, commissioned by New York State, demonstrates that tourism is a major economic driver for the Southern Tier and is a $3.5 billion industry in Central New York alone.
