Over the past 10 years numerous challenges have developed for New York City lodging operators and investors, despite being perceived as one of the world’s top hotel markets.

This article outlines some of the main issues faced, including over-supply, Airbnb and other short-term home sharing platforms, high NYC hotel labour rates and benefits, the strong US dollar and property taxes.

It also discusses that long term, NYC will continue to be a top global target of hotel investors because it displays strong economic indicators supported by diverse industries, there is major infrastructure revitalisation planned, the city is the economic and cultural center of America whose outer boroughs have experienced dramatic gentrification and obtaining construction financing for new hotel development is becoming increasingly challenging.

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