The travel industry has been so ravaged by the coronavirus that even a vaccine may not come soon enough to save most hotels in New York City. If half of the city’s 640 hotels survive, it would be a “great” outcome, Vijay Dandapani, chief executive of the Hotel Association of New York City, told the Financial Times. Occupancy rates in hotels that remain open are still far below normal. In September they were 20 percent
source https://therealdeal.com/2020/11/13/80-of-nyc-hotels-backing-cmbs-loans-show-signs-of-distress/
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