City of Albuquerque earmarks $1.5 million to boost tourism industry

Albuquerque Mayor Tim Keller announced in late March he will allocate $1.5 million to help reignite the tourism industry after it took a hard economic hit from Covid-19. According to the New Mexico Tourism Department, the state had an estimated loss of $3.5 billion in visitor spending in 2020, resulting in over $163 million of state and local taxes lost.

“As we recover, we’re in a position to infuse growth into the industry, boost tourism and bring back the jobs and revenue that were lost…

Source: The Business Journal