New Hotel Properties in NYC
Several major and midprice hotel brands will unveil a number of new properties in New York City in the coming months, even as they plan additional properties for the years ahead. The additional guest rooms and meeting space, developed either by hotel companies themselves or by private developers, will mean more choices and greater options for corporate travel and meeting buyers in a time when limited supply has helped to create the strongest hotel seller’s market in the United States.
According to NYC & Company, the city’s official tourism, marketing and events organization, New York’s guest room inventory currently stands at 72,150, a figure that is expected to rise by nearly 20 percent in the next three years. Read more