New York News
NYC tourism takes hit after tragedies in Japan
NEW YORK (WABC) -- Tourism in New York City has taken a hit because of the tragedies now unfolding in Japan.
The company's headquartered in Tokyo but since the earthquake a lot has changed at this company.
"There is an impact, we've had a number of cancellations, bookings are down, currently through this week and into next month really," General Manager Clement Carey said.
The Japanese crisis led to the Nikkei falling more than 15% this week.
That rippled through the American and worldwide economies.
But things have bounced back some. Experts say the reason might be because Japan's economy simply doesn't have the impact that it did 10 or 15 years ago.
Business columnist Greg David said, "The Japanese economy has been stagnating for 15 years. It has affected virtually everything; their investments in New York, the tourists who come to New York."
David used to run Crain's New York.
This week he wrote a surprising column; that Japan's impact on New York right now is minimal.
"Only about 200,000 [Japanese tourists] each year. By comparison, each year Canada and Britain combined send 2 million tourists to New York," David said.
new york city, japan earthquake, tourism, new york news, dave evans
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