Crain’s New York Business

“Only half of all hotel owners and general managers believe the New York hospitality industry will recover from Covid-19. That's the conclusion of a report [performed by Elicit Consulting via commission] by the Hotel Association of New York City, based on a 47-question survey taken by 102 hotel owners and operators.”

“The report provided the first comprehensive, post-pandemic industry assessment, one that demonstrated consumer confidence is low, taxes are too high, occupancy is a fraction of what it was pre-pandemic, and the lack of cash-flow presents a potentially fatal problem to the industry.”

“The survey gives the clearest snapshot yet of the impact of the Covid-19 pandemic on one of New York’s preeminent industries.” –Crain’s New York Business

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