Why N.Y.C. Hotel Rooms Are So Expensive Right Now
Baua Electric
MAY 25, 2024
The migrant shelters — along with other factors that include inflation, the loss of Airbnb short-term rentals and an expected decline in new hotel construction — have propelled the nightly cost of an average room to record levels. The average daily rate for a hotel stay in New York City increased to $301.61 in 2023, up 8.5
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