Industry Research

New York Airports Generate $63 Billion In Economic Activity

Posted on November 26, 2013

NEW YORK -- Travelers braving the long lines, frustrating security procedures and stressed-out crowds this week are not likely to think about the economic impact of their local airports.

The New York City region's three main airports—John F. Kennedy International, LaGuardia and Newark— accounted for nearly half a million jobs in 2012, up from just 248,000 in 2004, according to a study released Tuesday by the Global Gateway Alliance and the Partnership for New York City.

Those jobs total $22.8 billion in wages averaging $51,000, which is higher than 75% of all incomes in the U.S. All told, the airports' aviation operations, capital spending and tourism resulted in $63 billion in economic activity, the groups found.

Crain's New York Business article here

Related Topics: airports, business travel, New York, New York operators

Comments ( 0 )
More Stories
How will AI affect the future of business travel?
News

5 Ways AI Powers Business Travel

While companies are interacting constantly with artificial intelligence every day, the technology now transcends the office space.

Video

Travel Trends You Should Know Webinar

Lenore D'anzieri of Dav El | BostonCoach discusses up and coming travel trends all luxury transportation companies should be aware of in 2018 and beyond.