New York Metropolis leaders, led by Mayor Invoice de Blasio, are closing in on a plan to drastically prohibit lodge growth, a transfer that the mayor’s personal specialists concern might endanger town’s post-pandemic restoration.
It got here days after the mayor introduced a $30 million promoting marketing campaign to attract vacationers to town once more.
Earlier than the pandemic, in 2019, 67 million vacationers flocked to town. About 23 million visited final 12 months, and far of town’s restoration hinges on bringing these guests again.
However constructing lodges would develop into tougher beneath the particular approval course of envisioned by Mr. de Blasio, mentioned Moses Gates, vp of housing and neighborhood planning on the Regional Plan Affiliation, an influential nonprofit planning group.
Earlier than the pandemic decimated the lodge sector, there have been practically 128,000 lodge rooms in New York Metropolis, and lodges had annual occupancy charges that averaged between 85 and 90 %, which town says “have been among the many highest of any city market in the USA.”
Now, roughly 30 % of these rooms have closed. New York Metropolis’s occupancy charge this month stood at 53 %, excluding the closed lodges, in line with STR, which tracks the hospitality business.