NYC hotel and tourism business has long road to recovery, study says

[Kamaji]

NYC hotel and tourism business has long road to recovery, study says

By Carl Campanile
April 20, 2022

New York’s world-renowned hotel and tourism industry has a steep climb to bounce back to its pre-pandemic glory days — with hotel business travel revenue expected to be 55% lower in the Big Apple market this year than in 2019, a sobering new industry analysis reveals.

The report by the American Hotel & Lodging Association and Kalibri Labs says hotel business travel revenue across the US in 2022 is projected to be 23% below pre-pandemic levels, ending the year down more than $20 billion compared to 2019.

These projections come after hotels lost an estimated $108 billion in business travel revenue during 2020 and 2021 combined.

But the New York hotel business travel industry is suffering the most of any market in the country — with the exception of San Francisco, where hotel business travel is expected to be 68% lower than in 2019, the report said.

Other urban hotel-tourism markets still suffering from the COVID-19 blues include Washington, DC, where business is projected to be 54% lower, Chicago 49%, Boston 47% and New Orleans 32% below 2019 levels.

The New York state hotel business travel market as a whole is also a laggard, with revenue expected to be 46% lower than 2019.

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Source:  https://nypost.com/2022/04/20/nyc-hotel-and-tourism-business-has-long-road-to-recovery-study/

[Kamaji]

That also translates into a lot of lost tax revenue.

Oh well, if you try to smother the goose, you can't complain if you stop getting quite as many golden eggs.

[240B]

I wouldn't go to NYC right now, unless there was no way to get out of it. And even if I did go, I would never leave the hotel.
DeBlasio had a mission to turn NYC into a third world shithole like the ones he is from. And he did it.

[Fishrrman]

My last trip to New York City was my last day on the job.

I left on train 178, slowed the train down on the top of the Hell Gate Bridge, and took a good look back for a few moments. Then I ran the job back to New Haven, my last trip.

That was over ten years ago.
I have no plans to return to that place, ever.