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Marriage Equality Generated $259 Million to NYC

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Real Estate Agent


More Than 8,200 Same-Sex Marriage Licenses Issued in First Year of Same Sex Marriage

Marriage in NYC

Mayor Michael R. Bloomberg, City Council Speaker Christine C. Quinn, NYC & Company CEO George Fertitta and New York City Clerk Michael McSweeney announced that one year after the enactment of the Marriage Equality Act, same sex-marriages in New York City have generated an estimated $259 million in economic impact and $16 million in City revenues. The announcement was made at the Manhattan Marriage Bureau.

In the past year, more than 10,000 same-sex couples have been issued marriage licenses in New York State. At least 8,200 same-sex marriage licenses were issued in NYC the first year, accounting for more than 10 percent of the 75,000 marriage licenses issued in New York City since July 24 last year.

The economic impact survey was conducted by NYC & Company and the City Clerk’s Office and found same-sex marriages generated significant additional revenue for New York City’s tourism industry with more than half of same-sex couples holding wedding celebrations in venues across the five boroughs.

More than 200,000 guests traveled from outside of the City to same-sex marriage events and more than 235,000 hotel room nights were booked at an average daily room rate of $275.

Since the Marriage Equality Act went into effect on July 24, 2011, 67 percent of same-sex couples held wedding receptions at restaurants, homes, hotels or catering halls in the five boroughs, with 296,500 guests and 201,600 of them traveling from outside of the City.

Only half of same-sex couples had a budget in mind when planning their wedding, but they averaged costs of $9,039 for their wedding celebration and 31 percent spent $10,000 or more. Approximately 235,900 hotel room nights were booked, more than 40,000 wedding announcements were printed, and 47,445 wedding favors were purchased all adding up to additional revenue for New York City.

One Year Marriage Numbers

According to the Clerk’s Office, from July 24, 2011 to July 16, 2012, approximately 75,000 total marriage licenses have been issued in New York City. The City no longer requires couples identify sex on the license application, but many couples choose to self indentify.

Of couples who choose to indentify, 58,136 were heterosexual couples and 7,184 were same-sex couples. A total of 9,809 couples did not specify genders

Of the 7,184 same-sex couples, 3,898 were male couples and 3,286 were female.

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Comments (9)

Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Mitch, I love this!  One more reason it's pretty silly to get upset about this stuff.

Jul 26, 2012 11:59 AM
Leslie G. Rojohn
MoonDancer Realty - Sylva, NC
GRI, ABR ~ MoonDancer Realty

Imagine that!  Gays are people too.  And they want to share their commitment to each other in the same ways as everybody else.  Here's what's really shocking...they have money to spend.

Jul 26, 2012 01:43 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I LOVE THIS!

 

Jul 26, 2012 01:56 PM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

The numbers are amazing Mitchell...........great way to start my Friday, knowing I'm heading that way in a few hours.  See you on Tuesday.

Jul 26, 2012 06:40 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I saw this announcement Mitchell.  Very impressive numbers and a great source of income for New York.

Jul 26, 2012 10:41 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mitchell,

This is wonderful news, and it is amazing how well things work out, when people are willing to accept the differences.  A

Jul 27, 2012 02:52 AM
Janis Borgueta
Newburgh, NY
Retired RE Salesperson

Mitchell, Thanks for the statistics. I can't imagine why someone would be opposed to this sort of revenue and job creation.. not to mention that it really should not concern anyone else's personal values.... it makes perfect sense... Glad for the info!

Jul 27, 2012 03:06 AM
Kerrie La Guardia
ActiveRain, Community Manager - Kirkland, WA
Let it Rain!

Man oh man...we go to the polls in less than 100 days here in WA state.  My fiance and I pray it passes so our Spring wedding is more than just a ceremony.  

Aug 07, 2012 07:04 AM
Mitchell J Hall
Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

Thanks for all the comments.

Kerry, Congratulations on your engagement. I hope it passes and I hope you can marry in WA in the Spring. I think WA has smart reasonable thinking people that will do the right thing.

Aug 07, 2012 09:23 AM