Why N.Y.C. Hotel Rooms Are So Expensive Right Now
Baua Electric
MAY 25, 2024
The conversion of hotels to shelters has sharply decreased the supply of rooms just as tourist demand has risen, nearly to prepandemic levels, and is projected to match a record high. million in 2019 — rather than the mayor’s policies. percent low of 2020, but still not as high as 2019, when 86.2 There are notable clusters.
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