Bisnow: N.Y. Hotel Occupancy Soars 10% As Tourists Flock To The City
While many hotels around the country experienced a weaker summer than expected, New York is reaping the benefits of scores of visitors.
Daily Mail: New Airbnb NYC law halts new reservations as new rules require owners to register with city and hosts must live with guests in rentals
Airbnb rental options in New York City have shrunk after cumbersome new governmental restrictions went into effect on Wednesday and essentially became a ban on vacation rentals.
The Economist: New York City is restricting Airbnb
“It’s my house,” says Gia Sharp, a host on Airbnb, a rental platform. “I’ve worked really hard to buy it. So the thought that someone else can tell me what I can do with my house is a little crazy.” But a law which went into effect on September 5th caused Ms Sharp’s Brooklyn listing, and thousands more, to disappear from Airbnb and other short-term rental platforms.
Law360: NYC Zoning Rules Slow Rockefeller Center Hotel’s Course
When real estate developer Aspen Hospitality announced its plans to open a 10-story hotel in Rockefeller Center, it became the first company to take on a hotel special permit process that the New York City Council introduced just as Mayor Bill de Blasio was leaving office in late 2021.
New York imposes a ban on short-term apartment rentals: what will happen to Airbnb
The era of unregulated Airbnb services in New York is coming to an end. This is especially true for those landlords who have converted $800 rent-stable apartments into $7000 suites.
New York Post: NYC tourists are choosing to buy studios over paying for cramped hotels
Why shell out cash for a cramped hotel room when you’re visiting Manhattan, or splurge on a large rental apartment that you don’t really need? In the world of New York real estate, studios increasingly rule.
New York Post: Battered NYC hotel industry makes comeback — thanks to the migrant crisis
The Big Apple’s hotel industry is making a bust-to-boom post-COVID comeback — thanks in large part to the migrant crisis.
Biz Pac Review: NYC hotel industry seeing a big comeback thanks to Big Apple migrant crisis
The hotel industry is making a big post-COVID comeback in the Big Apple, thanks in a big way to the migrant crisis that is currently crushing New York City.
New York Post: Sobering video shows migrants sleeping on cardboard outside iconic NYC hotel as shelter hits capacity
Sobering video shows dozens of migrants sleeping on cardboard outside the iconic Roosevelt Hotel in Midtown Manhattan on Monday morning — as the makeshift processing center for asylum seekers hit capacity this weekend.
The Messenger: Migrant Influx Is Helping New York’s Hotel Industry Make a Comeback
The Messenger: Migrant Influx Is Helping New York’s Hotel Industry Make a Comeback By NICK GALLAGHER July 31, 2023 09:58 AM Some of the 70,000 migrants who have been sent from Texas and Florida to New York City over the past several months are giving the city an unexpected financial benefit by taking up residence […]