Festive Spending: The Impact of the Holiday Season in NYC
From the Macy’s Thanksgiving Day Parade to the iconic Fifth Avenue window displays, NYC offers many world-renowned holiday activities that attract hundreds of thousands of visitors every year.
The holiday season is also a time of celebration for many local businesses. The increased visitation and holiday spending stimulate the local economy, create 14,000 employment opportunities, and generate an annual economic impact of over $500 million.
Following the publication of NYCEDC's 2024 Festive Spending report, The City of New York announced more positive numbers in November 2025.
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