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Luddite
I watch Fox News
Registered: 03/23/06
Posts: 2,946
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Record number of tourists go to NYC
#7879018 - 01/14/08 04:12 PM (16 years, 2 months ago) |
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This just goes to show that the efficient and productive economy of the US of A not only makes US exports more attractive to foreigners because of lower prices, but also attracts foreign tourists. What appears to be a falling dollar is really inflation outside of the US.
Successful Marketing Brought 46M Tourists To NYC In 2007 January 14, 2008 11:03 a.m. EST Vittorio Hernandez - AHN News Writer
New York City, NY (AHN) - A record 46 million tourists visited New York City in 2007, representing a five percent growth in tourist arrivals. The sharp rise was particularly felt among foreign tourists, with 8.5 million registered, a 17 percent rise.
The attraction of New York, apart from the Statue of Liberty and its cosmopolitan air, was the falling American dollar, which drew international tourists to the city's shopping malls, especially during the Christmas holidays.
But George Fertitta, chief executive of the city's tourism office NYC and Company, said, it was more than the favorable exchange rate and expanded global marketing campaign that brought in more local and foreign visitors. "The city is more vibrant, cleaner and safer - and it's just more exciting than ever before," Fertitta told USAToday.
The Sept. 11, 2001 attack resulted in a drastic decline in foreign tourists, but the high growth logged in 2007 showed the city had recovered and is now back to the pre-2001 levels of foreign visitors.
Local and foreign tourists spent $28 billion in 2007. To get more visitors, NYC and Company launched an aggressive overseas multimedia campaign, doubling the number of its marketing offices in major tourist sources such as Beijing, Toronto and Sao Paolo.
With more affluent Chinese, NYC inked in June an agreement with China's government to promote New York visits through local travel agencies and other tourism service providers.
"The mandate for us is to fish where the fish are... The Asia market is a very important market for us," Fertitta said.
City Mayor Michael Bloomberg's target is to attract 50 million tourists annually by 2015.
http://www.allheadlinenews.com/articles/7009710420
Edited by Luddite (01/14/08 04:14 PM)
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kotik
fuckingsuperhero
Registered: 06/29/04
Posts: 3,531
Last seen: 4 years, 2 months
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Re: Record number of tourists go to NYC [Re: Luddite]
#7879091 - 01/14/08 04:30 PM (16 years, 2 months ago) |
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Quote:
Luddite said: What appears to be a falling dollar is really inflation outside of the US.
thanks, ill go back to watching american gladiators now.
Bill Hicks is rolling over in his grave.
-------------------- No statements made in any post or message by myself should be construed to mean that I am now, or have ever been, participating in or considering participation in any activities in violation of any local, state, or federal laws. All posts are works of fiction.
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d33p
Welcome to Violence
Registered: 07/12/03
Posts: 5,381
Loc: the shores of Tripoli
Last seen: 10 years, 10 months
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Re: Record number of tourists go to NYC [Re: kotik]
#7879177 - 01/14/08 04:48 PM (16 years, 2 months ago) |
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Quote:
kotik said:
Quote:
Luddite said: What appears to be a falling dollar is really inflation outside of the US.
thanks, ill go back to watching american gladiators now.
Bill Hicks is rolling over in his grave.
Well, have you ever tried rolling a joint off your back? It isn't easy.
-------------------- I'm a nihilist. Lets be friends. bang bang
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johnm214
Registered: 05/31/07
Posts: 17,582
Loc: Americas
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Re: Record number of tourists go to NYC [Re: Luddite]
#7879220 - 01/14/08 04:55 PM (16 years, 2 months ago) |
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Quote:
Luddite said: This just goes to show that the efficient and productive economy of the US of A not only makes US exports more attractive to foreigners because of lower prices, but also attracts foreign tourists. What appears to be a falling dollar is really inflation outside of the US.
1. source? 2. this seems counterintuitive. can someone explain to me how inflation of foreign currency could make the US dollar lower in value? It would seem that the reverse would occur...
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zorbman
blarrr
Registered: 06/04/04
Posts: 5,952
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Re: Record number of tourists go to NYC [Re: johnm214]
#7879516 - 01/14/08 05:57 PM (16 years, 2 months ago) |
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Quote:
can someone explain to me how inflation of foreign currency could make the US dollar lower in value? It would seem that the reverse would occur...
I think what he's saying is that the inflation we would normally experience domestically because of so many dollars in circulation is instead experienced abroad because the U.S. dollar is the world's reserve currency.
Put another way, all those dollars are being "soaked up" by foreign governments instead of flooding our shores. That is one tremendous advantage gained from our superpower status. Having a magic printing press and a market for all that paper is pretty cool.
The bad news is that it is a double-edged sword. If for some reason foreigners begin dumping dollars then the chickens will come home to roost and the U.S. will experience massive domestic inflation. Not so cool.
-------------------- “The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.” -- Rudiger Dornbusch
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