Here’s what happens when you go soft on crime and put homeless people into Midtowm Manhattan hotels.
New York City lost more than $108 billion in business travel revenue during 2020 and 2021 combined. Yes there was CoVid-19, but the headlines that travel executives follow most told them “stay away from NYC”.
A new study shows New York City’s hotel business travel revenue is expected to be 55% lower this year than in 2019. Only San Francisco, with its infamous city app showing where human excrement is, has a higher projected loss.
New York City hosted a record-breaking 66.6 million visitors in 2019 with its museums, nightlife and theater, restaurants, trade shows and sporting events such as the marathon and US Open tennis tournament.
But that figure plummeted 67% to 22.3 million visitors during the CoVid-19 outbreak the following year, according to the state comptroller’s office.
“We estimate that the hotel-related occupancy & sales tax that the City lost in 2020 was approximately $920 million and $560 million in 2021,” Vijay Dandapani, president and CEO of the New York City Hotel Association, said recently
Pre-pandemic, tourism accounted for 7.2% of total private sector employment in the Big Apple and 4.5% of private-sector wages. Tourism indirectly supported 376,800 jobs in 2019, according to the comptroller’s office.
Dandapani said that both occupancy and rates per room are still way down from pre-pandemic levels.
Gov. Kathy Hochul’s budget forecast released in January warned that New York’s hotel and hospitality industry won’t likely recover all the job losses from the pandemic until 2026.
Let’s be honest NYC is no longer the mecca for travel — not because of CoVid — but because of progressive politics that has the city bordering on being the new wild west.
Gun battles at midday, subway violence and other Midtown madness have all contributed to the downfall of the city to outsiders.
No the days of “I Love NY” are long gone.