"New York remains the most visited city in the United States and a top destination for international markets and major events," said the report, released this month.
"New York City has once again solidified its position as the premier destination in the nation and one of the top travel spots in the world," Mayor Eric Adams said.
"As a result, visitor spending dropped by nearly three-quarters, costing the city $1.2 billion in lost tax revenues in 2020," according to the state comptroller's office.
Tourism dollars generated over $6.8 billion in tax revenue this year, which saved New York households an average of $2,000 each, according to the mayor's office.
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