News

The total market value of all of the property in the city has been appraised at a whopping $1.4 trillion for fiscal year 2023, an 8.2% increase from the previous fiscal year and a 2.1% increase from fiscal 2021, before the pandemic, according to the city’s Department of Finance. 

Once the U.S. epicenter of the Covid-19 pandemic, New York—and its tourism industry—was on the rebound until the omicron variant arrived. Now the city's recovering tourism and hospitality sectors are again in jeopardy, as travelers change their plans.

The National Automatic Merchandising Association today delivered a letter on behalf of a multi-industry coalition urging the Biden administration and Congress to restore the Employee Retention Tax Credit (ERTC).

NEW YORK — At a recent celebration, Hilton cut the ribbon on its new Motto hotel on West 24th Street in Chelsea. 

Gov. Kathy Hochul’s spend-happy $216 billion budget hides a more grim picture within — of New York City’s pandemic-ravaged and still lagging job market.

Since its founding five years ago, Pythia Public has consistently punched above its weight. Alexis Grenell has been driving changes in how the state responds to sexual harassment and highlights the need for good government reforms. Her business partner, Evan Thies, has been in the spotlight playing a crucial role in the ascension of New York City Mayor Eric Adams, perhaps the most significant election outcome in the country in 2021. The small firm, which also has Becky Stern on board as communications director, notched another major win at the polls last year with Brad Lander’s victory in the New York City comptroller’s race. 

By now, supply-chain shortages at hotels—and, quite frankly, everywhere else—are an all too familiar scenario in the wake of the pandemic. Earlier this week, the Wall Street Journal reported that properties around the country have had difficulties sourcing mini bottles of shampoo, towels, and other basics. And get this: Items such as Champagne flutes are also in short supply.

Today, over 50 business leaders and legal experts issued the following letter in opposition to the state’s proposed antitrust legislation.

Hotel bodies endorse Hochul for governor: Hotel and trade groups Hotel Association of New York City and the New York State Hospitality and Tourism Association announced their joint endorsement of Governor Kathy Hochul, citing her support and comprehensive recovery package to help revitalize New York’s tourism industry.

Asia’s richest businessman is scooping up the Mandarin Oriental New York City hotel — and at a discount price.