New York City hotel market stuck in a losing streak

New York City hotel market stuck in a losing streak

New York City's hotel market has lost thousands of rooms amid requirements for special permits and construction costs.
19 hours ago
from: The Real Deal

Continue reading...
Hospitality industry, Julie Menin, New York, Tourism
More about this
- New York City Could Do With More Hotel Rooms, But Myriad Factors Are in the Way
The city lost hotel rooms after they were converted to migrant shelters while a recently passed bill made it harder to build new ones.
from: Commercial Observer
- Hotel industry proposes its own licensing bill
After blasting Council member Julie Menin's Safe Hotels Act, the hotel industry proposed a compromise that protects subcontractors.
from: The Real Deal
- The Daily Dirt: Tumultuous time for NYC hotels
It is not a great time for New York City's hotels. For one, the city has lost 6,000 rooms since 2019, half of which were in Manhattan,...
from: The Real Deal