New Orleans' economy is very dependant on the tourism and lodging industry. In the past couple of years this industry in New Orleans has declined.
Chris Alford
Economic Review
New Orleans’ economy is very dependant on the tourism and lodging industry. In the past couple of years this industry in New Orleans has declined. In 1996 the city hosted 12 million tourists and conventioneers and they spent close to $4 billion. The average daily room rate was $105. The September 11 attacks had a huge affect on the tourism industry. Although the economy in New Orleans is rising, the number of tourist each year has dropped dramatically.