The loss of tourism alone could drain New York City of $1.8 billion in tax revenue from hotels. The estimated loss includes $968 million in room-occupancy taxes and $342 million in other taxes, Crain’s reported, citing research from Oxford Economics. Property taxes paid by those businesses — due July 1 — were not included in that figure. (Though the real estate industry has called for the city to extend the payment deadline, no such measure
source https://therealdeal.com/2020/06/19/hotel-distress-could-strip-nyc-of-1-8b-in-tax-revenue/
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