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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.

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Introduction

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. ...read more.

Middle

This is approximately the same number as they hosted in 1991, meaning the increase in visitors throughout the nineties has been abolished. On the positive side, these 8 million visitors spent an approximate $4.5 billion on hotel rooms, food, drinks, entertainment, and shopping. ...read more.

Conclusion

Because of the lack of visitors they have simply made it more expensive for the guests they do receive. The current average daily room rate for New Orleans' hotels is about $170. Average airfare from Denver to New Orleans is $400. Even though these prices are so high, the great thing about New Orleans is that no matter what day of the year visitors can always find free events. All of this contributes to what should be a very profitable 2004. ...read more.

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