New York City Hotel Prices Reflect Demand
Skift Take
New York City hotel prices hit record highs, prompting mixed reactions from tourists and concerns over affordability, influenced by new Airbnb regulations and migrant housing demands.
In Observance of the Thanksgiving Holiday in the United States, there will be no Daily Lodging Report – Asia Pacific on Wednesday, November 27, and Thursday, November 28. Regular service will resume on Monday, December 2.
The New York Times reported that hotel prices in New York City are back, with hotels charging an average of $417 per night in September, the highest monthly rate ever for the city. The problem is the article was negative instead of positive, quoting tourists who were visibly upset over the rates. CoStar said the only place in the US with higher nightly rates is Maui. The article said that officials at the NY City Tourism + Convention have yet to see indications that room rates are stopping tourists from visiting, estimating that 65 million people will visit this year, just shy of the 66.6 million people in 2019. Travelers the New York Times interviewed think differently, saying the rates are influencing where they stay, with many opti
