Let’s see the financial side of Fashion Week in New York

Cash expenditure of the people at New York Fashion Weeks are discussed often enough. But if they bring financial benefits the city, until now a wide circle was not known.

The company IMG, who organize the event, commissioned a study to determine how useful are the eight days of glamor to Big Apple or the Big Apple, as it is often called the city of its inhabitants.

A study conducted by graduate business schools Fordham, found that the city receives millions of dollars profit each time around Lincoln Center, erected a tent fashion. Just last season earnings in the center was $ 21 million.

Where does that kind of money? According to New York Times, about $ 6 million visitors in hotels holiday leave, another $ 7 million at stores and $ 9 million in the restaurants. After all, people tend to fashion is, like everyone else. The calculations also composed in 2008, Economic Development Corporation, reported that the city-wide treasure every season of Fashion Week brings in $ 233 million

So Fashion Week is quite a lucrative event for the city. And every time he happily builds tents and podiums for its regular shows.