Total Economic Impact on City of New York Exceeds $46 Million So Far, Growing to at Least $69 Million
NEW YORK, NY—New York City Economic Development Corporation (NYCEDC) today announced that New York Mets 2015 postseason games generate an economic impact of $11.6 million per home game. The analysis accounts for ticket sales, spending from nearly 30,000 visitors from outside of New York City, and additional earnings for seasonal employees at Citi Field, as well as other factors. This impact stimulates growth in the local economy, creating opportunities and jobs for New Yorkers, and spending that is reinvested in the City of New York.
The National League Champion New York Mets have played four postseason games thus far at Citi Field, for a total economic impact on the City of New York of $46.4 million dollars. The World Series begins tomorrow, with the Mets taking on the American League Champion Kansas City Royals. At least two more games will be played at Citi Field.
"The impact of the New York Mets postseason run transcends baseball," said NYCEDC President Maria Torres-Springer. "Besides uniting our City in blue and orange, Mets games are providing a huge economic benefit that stimulates the local economy and provides opportunities for New Yorkers. I can't wait to see the continued benefits of four more postseason wins."
“Big events like the World Series attract visitors who may book rooms, eat out, explore neighborhoods and go shopping," said Fred Dixon, President and CEO of NYC & Company. "But the value of hosting big events goes far beyond immediate economic impact. It adds to the City’s vibrancy and appeal, and with so many eyes on New York City during the World Series, people from out of town may be reminded that a visit is long overdue and be inspired to come here months after the World Series is over.”
The City of New York reached an all-time record 56.4 million visitors last year, generating a record $61 billion in overall economic impact, supporting 362,000 jobs and $21 billion in wages. The City’s hotel inventory includes more than 105,000 hotel rooms, while selling a record 32.5 million total hotel room nights, an all-time high. Major events like the World Series contribute to the economic impact of visitation and visitor spending.
New York City Economic Development Corporation creates shared prosperity across New York City’s five boroughs by strengthening neighborhoods and creating good jobs. NYCEDC works with and for communities to provide them with the resources they need to thrive, and we invest in projects that increase sustainability, support job growth, develop talent, and spark innovation to strengthen the City’s competitive advantage. To learn more about our work and initiatives, please visit us on Facebook, Twitter, or Instagram.