Tourism is a vital industry for New York City, which has witnessed a growing combined volume of international and domestic tourists, receiving an eighth consecutive annual record of approximately 62.8 million visitors in 2017. Tourism had generated an all-time high US$61.3 billion in overall economic impact for New York City in 2014, pending 2015 statistics. Approximately 12 million visitors to New York City were from outside the United States, with the highest numbers from the United Kingdom, Canada, Brazil, and China.
I Love New York (stylized I ❤ NY) is both a logo and a song that are the basis of an advertising campaign and have been used since 1977 to promote tourism in New York City, and later to promote New York State as well. The trademarked logo, owned by New York State Empire State Development, appears in souvenir shops and brochures throughout the city and state, some licensed, many not. The song is the state song of New York.
Major tourist destinations include Times Square; Broadway theater productions; the Empire State Building; the Statue of Liberty; Ellis Island; the United Nations Headquarters; museums such as the Metropolitan Museum of Art; greenspaces such as Central Park and Washington Square Park; Rockefeller Center; the Manhattan Chinatown; luxury shopping along Fifth and Madison Avenues; and events such as the Halloween Parade in Greenwich Village; the Macy’s Thanksgiving Day Parade; the lighting of the Rockefeller Center Christmas Tree; the St. Patrick’s Day parade; seasonal activities such as ice skating in Central Park in the wintertime; the Tribeca Film Festival; and free performances in Central Park at Summerstage. Major attractions in the boroughs outside Manhattan include Flushing Meadows-Corona Park and the Unisphere in Queens; the Bronx Zoo; Coney Island, Brooklyn; and the New York Botanical Garden in the Bronx. The New York Wheel, a 630-foot ferris wheel, was under construction at the northern shore of Staten Island in 2015, overlooking the Statue of Liberty, New York Harbor, and the Lower Manhattan skyline.
Manhattan was on track to have an estimated 90,000 hotel rooms at the end of 2014, a 10% increase from 2013. In October 2014, the Anbang Insurance Group, based in China, purchased the Waldorf Astoria New York for US$1.95 billion, making it the world’s most expensive hotel ever sold.