Originally Posted by
James Luckard
The hotel industry hasn't recovered in NY.
This seems peculiar to me. When I look at rates in NYC for better hotels, they're as sky-high as ever. So it seems like demand is there, right? Is the city itself making it harder for hotels to operate, even at $400/nt for basic rooms?
What structurally has to change? For years pre-covid I assumed it was simply not enough total rooms (unless you went in January-February). Then covid killed demand....and now we're 2 years later and the market seems pretty messed up (in terms of hotels being able to stay open and fully operating), and to be honest I don't exactly get why. So many other parts of the travel industry are fully raking in record revenues right now.