With mandated closures continuing to impact New York City’s hospitality sector, the combination of single-digit occupancy levels and mortgage issues have led some to close and have others nearing the precipice.
AP News: Tourists few, NY gift shops struggle but don’t lose (heart)
In souvenir shops from Times Square to the World Trade Center, shelves full of T-shirts and trinkets still (heart) New York. But the proprietors wonder when their customers will, again.
Million Acres: Where Are Hotels Hurting The Most?
It’s been a very challenging year for the hotel industry as a whole. While hotels have seen vacancy rates and RevPAR bounce back from March, numbers are still far below pre-pandemic numbers. As of November 14, hotel analytics firm STR reported that occupancy was at 43.2%, down by 32.7% year over year. The average daily rate was $90.58, a drop of 28.6%, and RevPAR was off 52% from last year. With COVID-19 rising in recent weeks, many potential travelers may change their plans.
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.
The vision of the HANYC Sustainable Hospitality committee is to transform the New York City hotel industry into a recognized champion of sustainable hospitality in the United States and in the World. On this external site we share best practices, innovations and sustainable initiatives .
Human trafficking is incredibly widespread and our hotels have an important role to play in keeping our community and our hotels safe from this harm. HANYC is now partnering with Businesses Ending Slavery and Trafficking (BEST) to provide FREE human trafficking training for HANYC members and their staff.
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