NEW YORK (CBSNewYork) – New Yorkers might love to hate tourists in Times Square, but Tim Tompkins of Times Square Alliance says you should probably learn to love them.
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“They may be slightly annoying to you, but they are generating jobs and economic activity,” he said. “This tiny area – 1 percent of the city’s landmass, produces 10 percent – 1 out of every 10 jobs in New York City.”
Over the past five years, the economic growth in Times Square has been more than double the city’s as a whole.
“If we get more tourists here, that drives a lot of jobs very easily and we don’t have to spend a dime to get them come here,” Tompkins told WCBS 880 reporter Peter Haskell.READ MORE: Supreme Court Signals Support For Upholding Mississippi Abortion Ban
Out-of-towners account for 83 percent of Broadway ticket sales.
“Every year, whether it’s New Year’s Eve or the Macy’s parade, the image of Times Square is a very important advertisement for people to come here,” Tompkins said.
The hustle and bustle of Times Square generates more than $100 billion in economic activity for the city.
So maybe the next time you’re in Times Square, you can give a tourist a hug.MORE NEWS: Michigan School Shooting Suspect Faces Murder, Terrorism Charges
What’s your favorite thing to do in Times Square? Sound off in the comments section below!