Under a new New York City law (Int. 2397-2021-A), hotels with at least 100 rooms must pay weekly severance of $500 per employee per week to laid-off employees for up to 30 weeks if their hotel either (1) experienced a mass layoff of 75% or more of their workforce employed as of March 1, 2020, during any 30 day period or (2) closed to the public on or after March 1, 2020, and have not yet (a) as of October 11, 2021, recalled 25% or more of its employees employed as of March 1, 2020, and (b) reopened to the public by November 1, 2021.

​​The pieces are finally in place for the city’s long-awaited tourism comeback to take shape, leaders in the sector said at the Crain’s New York Now Summit on tourism on Thursday.

A happy ending is in sight to the Big Apple’s hotel industry catastrophe – just wait until 2026!

Vijay Dandapani, Fred Dixon, Charlotte St. Martin and Melba Wilson will capture a snapshot of New York City’s recovering tourism industry, share projections about what its full comeback will be like and explain what the sector’s businesses will be doing while they wait for 30 million tourists to return.

A happy ending is in sight to the Big Apple’s hotel industry catastrophe — just wait until 2026!

Depending on whom you ask, a new law requiring hotels to reopen by Nov. 1 or pay severance to out-of-work employees either achieved its intended results or claimed its first victims.

Nov. 8 is a big day in the world of travel. It is the day the United States ends its travel ban that began more than a year ago for many countries.

A gaggle of New York Metropolis resort homeowners is suing town over a brand new regulation requiring them to pay employees severance advantages in the event that they have been fired beneath circumstances associated to the pandemic.