Saturday, October 18, 2008

Plenty of vacancies in city hotels

Until recently, tourism had been a bright spot in the city’s increasingly gloomy economic picture, fueled largely by foreign tourists taking advantage of a weak dollar.

But many hotel operators have begun reporting that bookings for the next few months, traditionally the strongest part of the year, are falling below last year’s levels. Cancellations are also on the rise, and corporate travel executives are negotiating for steeper discounts on room contracts for 2009.

Troubles for New York Hotels

Here's an idea: Let's build more!


Anonymous said...

With the exorbitant prices and seedy locations (eg. Maurice Ave. Discomfort Inn) no wonder hotels are empty.

Why pay hotel taxes and unnecessary amenities when you can rent a whole apartment in Astoria for $100-150 a night.

Anonymous said...

Gee, now former C.M./rapist "pinky" Gallagher doesn't have to have his grandma trysts so close to home!