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.

The Big Apple’s hotel industry is making a bust-to-boom post-COVID comeback — thanks in large part to the 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.

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

New York City’s soaring hotel occupancy rates, which are the highest in the nation due to recent special events and an influx of migrants and asylum seekers, have sparked apprehension instead of jubilation among industry experts.

Long famed as a global melting pot, New York prides itself on its inclusivity and diversity. But in recent weeks, the Big Apple has been grappling with the arrival of thousands of migrants after pandemic-era restrictions expired at the US-Mexico border.

NEW YORK–(BUSINESS WIRE)–The Hotel Association of NYC Foundation, charitable arm of the Hotel Association of New York City (HANYC), hosted its annual “Red Carpet Hospitality Gala” at The Pierre Hotel in Manhattan on Monday, May 1 where Hon. Eric Adams, Mayor of the City of New York, delivered keynote remarks.