Crain’s New York Business: Council bills aim to salvage the wreckage of city’s multibillion-dollar tourism industry
A package of bills in city council is taking aim at New York’s pandemic-racked multi-billion dollar tourism industry.
Fall is typically the best time of year for tourism in New York City, but this year the hotel and hospitality industry has been left reeling by the pandemic.
On a crisp, early, autumn day in New York City, the sun glistens off Le Corbusier and Oscar Niemeyer’s famed UN Secretariat Building. The glass facade reflects the cloudless sky.
In a normal September, leaders of nations big and small would converge on New York this week, giving the United States’ largest city a chance to show itself off as a crossroads of the world.
Sixty-seven percent of U.S. hotel owners report they will only be able to last six more months at current projected revenue and occupancy levels without any more government relief. This statistic comes from a new survey by the American Hotel & Lodging Association (AHLA) conducted September 14-16 with more than 1,000 respondents.
This time last year New York City had the foot traffic — and restaurant and hotel traffic — from the United Nations General Assembly.
Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun.