Hotel Association of New York City says members seeing occupancy rates in single digits, some on verge of closure

By Sarah Downey | The Center Square 1 hr ago (The Center Square) – With mandated closures continuing to impact New York City’s hospitality sector, the combination of single-digit occupancy levels and mortgage issues have led some to close and have others nearing the precipice. “Industry revenue is down, on average, by 80% year-on-year since March … Continue reading Hotel Association of New York City says members seeing occupancy rates in single digits, some on verge of closure