The Japan Crisis Could Cost New York $1 Billion In Tourist Dollars

By Business Insider

Everyone in Japan is fleeing the country, but they’re not going on vacation.  

According to the New York Post, New York City’s tourism industry could be down $1 billion* this spring because Japanese travelers are canceling trips.

A popular Park Avenue hotel told NYP they’ve had 250 bookings canceled since last week.

Airlines have felt the effects too. “It is making a huge impact on our business,” Yasu Kambe of All Nippon Airways, Asia’s biggest carrier, tells NYP. “Depending on the nuclear situation, cancellations can easily reach 50 percent.”

To read more, check out the full article on New York Post >>

*The $1 billion includes airline costs which, according to NYC & Company, NYC’s official tourism agency, doesn’t impact the NYC tourism economy.

Read more: http://www.businessinsider.com/japans-quake-could-cost-nyc-1-billion-2011-3#ixzz1HGWHeeCY

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Director of Sales for the Candlewood Suites located in Secaucus, NJ.
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