Out to Lunch

OUT TO LUNCH finds economist and Tulane finance professor Peter Ricchiuti conducting business New Orleans style: over lunch at Commander's Palace restaurant. Each week Peter invites guests from the New Orleans business renaissance to join him. The Wall Street Journal, Forbes, and Inc magazine have all named New Orleans the best city in the USA to be an entrepreneur. Out to Lunch is the cafeteria of the new New Orleans entrepreneurial movement. You can also hear the show on WWNO 89.9FM.

Photo by Rick Lineberger

Saints! Pelicans! Tourists! August 28, 2014

New Orleans is one of the country’s most popular tourist destinations. There is no specific reason – there’s no amusement park or beach – but like other great cities – Paris, Manhattan - people come here to spend time just living like we do.

bourbon street

Ironically, we herd them into the French Quarter and down Bourbon Street which locals mostly avoid, put them on buggy rides, ghost tours and swamp tours that locals never go on, and they eat in restaurants that most of us can only afford on special occasions. Tourists go home declaring New Orleans is a wonderful city but they could never live here ‘cause they’d put on a hundred pounds and be drunk every night.

Making that experience the greatest week ever for around 9 million tourists a year is not the only task of the New Orleans Tourism Marketing Corporation, but it does drag a good portion of the 6 billion dollars in annual hospitality spending into the local economy.

mark romig

The President and CEO of the New Orleans Tourism Marketing Corporation is Mark Romig. Mark joins Peter on this episode of Out to Lunch from Commander's Palace

It’s become a mantra these days that you can’t be a truly great American city if you don’t have a professional sports franchise. New Orleans has two – The Saints and The Pelicans. The Senior Vice President and Chief Financial Officer of both The Saints and the Pelicans is Ed Lang. 

 ed lang

On today's Out to Lunch Peter Ricchiuti talks with Ed Lang and Mark Romig about the three biggest games in town: The Saints, The Pelicans, and The Tourists.

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