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19 July 2010

Room for All? Rush of Hotels Check Into New York City | wsj.com

Room for All? Rush of Hotels Check Into New York City | wsj.com

This year, developers are on track to open the largest number of new hotels in New York City in several decades. All told, the 44 hotels with 7,561 rooms slated to debut this year amount to an 8.5% expansion of the city's room supply, according to hotel-research company Lodging Econometrics. That wave comes as the number of hotels nationally is expanding at a pace of only 1.6%.

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lodging econometrics, hotel research, hotels in new york city, decades, pace, new york city, developers

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