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Return on the City of New Orleans’ investment in Mardi Gras: $2.64 for every $1.00 spent; Increase in State of Louisiana tax revenues as a result of Mardi Gras within the City of New Orleans: $14,300,000; This is Professor Weiss’ fourth study of the economic impacts of New Orleans’ Mardi Gras since her first one in 2009. The report found that the total direct and indirect impact of Mardi Gras on the New Orleans economy is $891,202,780, which equals 3.07% of the New Orleans gross domestic product. Weiss calculates that the net fiscal benefit accrued to the City of New Orleans as a result of staging Mardi Gras, including franchise value, is over $28 million, and 1. Mardi Gras impact on the New Orleans economy is nearly $900 million, more than a 300 percent growth since 2009. 2. The City of New Orleans earns $2.64 for every $1.00 invested in Mardi Gras. 3. Mardi Gras 2023 helped increase state tax revenues by more than $14 million. Worth noting: The study was commissioned by Mayor LaToya Cantrell's Mardi Gras Advisory Council and the city CVB, New Orleans & Company. What the data says: The total direct impact of Mardi Gras 2023 on the city's economy is pegged at $891,202,780, according to the report, representing more than 300% of growth since 2009. Money. Published February 25, 2020 10:19am EST For people in New Orleans, Mardi Gras can get expensive. Though the average price of a Mardi Gras mask is relatively inexpensive -- just $5.58 This year's Mardi Gras celebration resulted in a direct economic impact of $145.7 million and an indirect impact of $322 million in the city of New Orleans, a study commissioned by a group of In New Orleans alone, Mardi Gras creates $14 million in tax revenues to the state. “What makes Mardi Gras special is that a lot of that economic activity is really coming from within,” Weiss said. Return on the City of New Orleans’ investment in Mardi Gras: $2.64 for every $1.00 spent; Increase in State of Louisiana tax revenues as a result of Mardi Gras within the City of New Orleans: $14,300,000; This is Professor Weiss’ fourth study of the economic impacts of New Orleans’ Mardi Gras since her first one in 2009. It’s the local citizenry that are spending their dollars on Mardi Gras that’s generating that economic activity.” When tourists from around the world come to Orleans Parish to spend money on hotels, food, and other items during carnival season, Weiss says that helps generate more than 14 million dollars in state tax revenue. Return on the City of New Orleans’ investment in Mardi Gras: $2.64 for every $1.00 spent; Increase in State of Louisiana tax revenues as a result of Mardi Gras within the City of New Orleans: $14,300,000; This is Professor Weiss’ fourth study of the economic impacts of New Orleans’ Mardi Gras since her first one in 2009. How much money does tourism bring to New Orleans? New Orleans and Company is dedicated to attracting major conferences, conventions, and events to the city. In 2022, the city welcomed 17. 53 million visitors, spending $9. 1 billion, a significant increase from 19. 75 million in 2019. NEW ORLEANS — If the amount of trash cleaned up Wednesday morning is any indication, Mardi Gras in New Orleans was a big-time success. For the city’s tourism economy, it might be one of the OF NEW ORLEANS’ 2023 MARDI GRAS SEASON . EXECUTIVE SUMMARY . Total direct and indirect impact of Mardi Gras on the New Orleans economy $891,202,780 Percentage of New Orleans GDP 3.07% Net fiscal benefit accrued to the City of New Orleans as a result of staging Mardi Gras including franchise value $28,028,543 Mardi Gras is one of the biggest tourist attractions in New Orleans, and it generates a lot of revenue for the city.Every year, the city hosts over a million visitors during the Mardi Gras season, and they spend an estimated $840 million. And No. 2, it looked like pandemonium to us, but there’s actual serious economic impact going on in New Orleans around Mardi Gras. Messer: Yeah, you’re absolutely right. Total direct and indirect impact of Mardi Gras on the New Orleans economy. $300,656,546. Percentage of New Orleans GDP . 1.5%. Net fiscal benefit accrued to the City of New Orleans as a result of staging Mardi Gras including franchise value. $13,108,538. Return on City's investment in Mardi Gras. $8.45/$1.00 Airfare to New Orleans is on average about 11% lower than it was for the weekend before Mardi Gras two years ago, despite soaring jet fuel costs, according to Adit Damodaran, an economist at $408.6 Million: The economic impact of Mardi Gras on Alabama’s Mobile. Over 25 Million Pounds: Weight of beads thrown during Mardi Gras in New Orleans each year. 266,000 Pounds: Weight of beads recycled after Mardi Gras in 2019 (2 times more than in 2018). 164,000: Number of people who flew to New Orleans for Mardi Gras in 2018, the most The cost of spending Mardi Gras in New Orleans will depend on when you make travel arrangements, where you dine, and the activities you choose to participate in. But here's a breakdown of what you can expect to pay: Airfare: $400 to $700. (You may have to select a flight with a layover or adjust your travel dates.) Lodging: $300 to $500 per Get ready for your first Mardi Gras in New Orleans! 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