STR data shows that high staffing costs, property taxes and OTA fees are already causing issues for New York City hoteliers, but the first half of 2019 has also seen falling room revenue, likely to finish down around 2.1% for the year, the worst output by the hotel sector since 2015.

More hotel rooms are opening across the city than are being filled, but the largest impact on RevPAR results is the number of illegal rooms posted on  Airbnb, HomeAway and other short-term-rental sites.

New York City is set to draw a record 67 million visitors in 2019.

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