Impact of Tourism
Tourism is one of the few sectors of our economy that continues to grow. Last year, tourists spent $1 Billion in Albany County, and $2.1 Billion in the Capital-Saratoga Region. That's a 3.2% increase over the previous year.
Visitors to Albany County support 15,726 local jobs and generate $563,000,000 in labor income annually. Statewide, tourism is the third largest private sector industry.
But tourism doesn't just create jobs. It offsets taxes. Last year, tourism generated $125,000,000 in state and local taxes. In fact, if it weren't for tourism, Albany residents would have paid an additional $1,000 in taxes.
