The New York City Hotel Market Is Staging Its Pandemic Rebound

  • 📰 WSJ
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The stars are aligning for hotels in The Big Apple, signaling a faster recovery than many hotel owners had dared to hope

as tourists stayed away and business travel dried up. Dozens of hotels with thousands of guest rooms closed.: Tightened supply due to permanent closures during the pandemic and demand from the city for rooms to house migrants.

Staff preps for the dinner rush at Gansevoort's rooftop omakase restaurant, Saishin. The hotel is on track to bring in 20% more revenue this year than it did in 2019.. Some hotel owners defaulted on their debt. Hotel owners and analysts predicted that the New York market wouldn’t recover until at least 2024.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA

Canada Canada Latest News, Canada Canada Headlines