The Real Deal: Hotels launch ad campaign after omicron sinks occupancy
With occupancy back down to 42.5 percent, the city’s hotel owners launched a web and TV campaign Monday to tug at the hearts and minds of elected officials.
Crain’s New York Business: City’s property values are up despite pandemic—and so are taxes
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.
Crain’s New York Business: Op-ed: City’s hotel industry is unfairly targeted
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.
Vending Market Watch: NAMA leads multi-industry business coalition urging Biden administration, Congress to restore Employee Retention Tax Credit
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).
NY1: Hilton opens new ‘micro-hotel’ in Chelsea amid drop in hotel occupancy
NEW YORK — At a recent celebration, Hilton cut the ribbon on its new Motto hotel on West 24th Street in Chelsea.
New York Post: Gov. Hochul budget shows NYC hotels, tourism, retail won’t recover jobs until 2026
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.
City & State NY: The 2022 Political PR Power 50
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.
Architectural Digest: The Global Supply-Chain Crisis Is Hitting Hotels Where It Hurts Most
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.