WTC Records Folder 0139 label, 2001

NYC 9/11 Public Portal Document

NOT FOR GENERAL EXTERNAL DISTRIBUTION Tourism Industry Talking Points — Facts & Figures (UPDATED 10/19/01) &COMPANY

Note: 4112001 and 2002 activity forecasts were issued before the actions in Afghanistan on Sunday, October 7

New York Citty } L • Tourism is a $25 billion industry for NYC (includes $17 billion in direct visitor spen n • NYC welcomed 37.4 million visitors in 2000 • Tourism supports 282,000 NYC jobs directly and indirectly • Taxes generated by NYC tourism: $936 million city tax revenues > $882 million state tax revenues ➢ $1.3 billion federal tax revenues • NYC welcomes approximately 105,000 visitors daily who spend. an estimated total of $43.8 million (figures are for the Fall months — Sept., Oct., Nov.)

Impacts of the WTC Tragedy — New York City and Subsequent Recession

• Estimated Visitor Spending Lost: $289.4 million from September I I"' to October 13°i ) Estimated Lost Taxes: $53.8 million City Taxes - $15.9 million State Taxes -$15.0 million Federal Taxes - $22.8 million

• NYC Hotels Average weekly occupancy [Hotel RevMax] 9/11-9/15: 63.1% (comparable 2000 period: 86.2%) 9/16-9/22: 45.4% (90.6% in 2000) 9/23-9/29: 59.3% (86.2% in 2000) 9/30-10/6: 67.5% (83.7% in 2000) 10/7-10/13: 70.8% (82.0% in 2000)

In the first few weeks following 9/11, the hotels lost an estimated $6-$10 million daily in room revenues (PKF Hospitality Consulting — 9/21) > So far, an estimated 6000 NYC hotel employees have already been laid off (includes 1000 jobs lost due to destruction of downtown hotels). In addition, hours for remaining workers have been substantially cut. • NYC Restaurants 47% decline in sales from 9/10 to 9/30 compared to same period in 2000 [NYS Restaurant Assn.] > 12% of the workforce has already been laid off. Layoffs may rise to 25% of workforce [NYSRA] i More than 30 restaurants have permanently closed with an additional 40 temporarily closed. [Zagat Survey]

NYC-WTC-000136599