Same-Sex Marriages Boost Economy

Submitted by rkoreto on Tue, 07/24/2012 - 16:47

In a July 24 announcement, New York City Mayor Michael R. Bloomberg and City Council President Christine C. Quinn released the results of a study showing how much money same-sex marriages have poured into the city's economy.

 
The announcement, coming one year after the enactment of the state's Marriage Equality Act, said that same sex-marriages in the City have generated an estimated $259 million in economic impact and $16 million in City revenues.
 
The study further noted that more than 200,000 guests traveled from outside of the City to same-sex marriage events and more than 235,000 hotel room nights were booked at an average daily room rate of $275.
 
Interestingly, exact figures on same-sex marriages are not available: after passage of the law, the City stopped asking couples to identify their sex on marriage applications. However, from July 24, 2011, to July 16, 2012, the City Clerk's Office issued about 75,000 marriage licenses. Of couples who choose to identify, 58,136 were heterosexual couples and 7,184 were same-sex couples.
 
The study was a joint project between the City Clerk's Office and NYC & Company, the City’s official marketing and tourism organization.

 

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