Tags: gay | marriage | nyc | economy

Gay Marriage Produced $259 M for New York City Economy

Tuesday, 24 Jul 2012 12:47 PM

 

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New York City reaped $259 million of economic benefits from same-sex marriages in the first year of the law allowing the practice, Mayor Michael Bloomberg and Council Speaker Christine Quinn said.

At least 8,200 gay-marriage licenses were issued, accounting for more than 10 percent of the 75,000 wedding licenses issued in New York City in the past year, Bloomberg and Quinn said in a statement today, citing a survey conducted by NYC & Co., the city’s marketing and tourism office, and the city clerk’s office.

New York became the sixth state to legalize gay marriage last year after Governor Andrew Cuomo, a Democrat, signed the measure into law. More than 200,000 guests have since traveled from outside of the city to attend same-sex wedding receptions, and more than 235,000 hotel room nights were booked at an average daily room rate of $275, according to the mayor’s statement.

“Marriage equality has made our city more open, inclusive and free –- and it has also helped to create jobs and support our economy,” Bloomberg said in the statement.

New York’s mayor is the founder and majority owner of Bloomberg News parent Bloomberg LP.


© Copyright 2014 Bloomberg News. All rights reserved.

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