Tuesday 31 December 2019

NYC’s strong hotel pipeline pushes down occupancy, revenue: report

New York City’s booming hotel inventory includes 113 new developments set to open in the next few years, with just over half located outside Manhattan. That’s according to the latest hotel development report from NYC & Company, the city’s official official marketing, tourism and partnership organization. The report projects that New York’s hotel inventory will reach 144,000 rooms by the end of 2021 — up 65-percent from the 87,000 rooms the city had in 2010.



source https://therealdeal.com/2019/12/31/nycs-strong-hotel-pipeline-pushes-down-occupancy-revenue-report/

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