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1. liveandletsfly.com › hotels-new-york-city-expensiveWhy Hotels In New York City Are So Expensive Right Now

   liveandletsfly.com › hotels-new-york-city-expensive

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   May 25, 2024 · That equates to 16,532 hotel rooms off the market for tourists and even with some new hotel construction, a net loss of thousands of hotel rooms. It’s a classic case of supply and demand. Demand is up, supply is tight, so naturally prices rise.

2. www.frommers.com › blogs › arthur-frommer-onlineNYC Hotel Rates Are Shocking Now! Here's Why, Plus How to Pay ...

   www.frommers.com › blogs › arthur-frommer-online

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   Nov 6, 2023 · A perfect storm has hit the hotel market in New York City, driving prices to historic highs. The ascent began, partially, in spring of 2022, when Governor Greg Abbott of Texas started busing migrants to New York. So far, Texas has sent 15,800 people, according to the Associated Press.

3. www.nytimes.com › hotels-prices-migrants-nycWhy N.Y.C. Hotel Rooms Are So Expensive Right Now

   www.nytimes.com › hotels-prices-migrants-nyc

   May 25, 2024 · The average daily rate for a hotel stay in New York City increased to $301.61 in 2023, up 8.5 percent from $277.92 in 2022, according to CoStar, a leading provider of commercial real estate data...

   • Author: Luis Ferré-Sadurní

4. www.straitstimes.com › life › travelMigrant housing, tourist demand: Why hotel rooms in New York ...

   www.straitstimes.com › life › travel

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   Jun 24, 2024 · The average daily rate for a hotel stay in NYC increased to US$301.61 (S$405) in 2023, up 8.5 per cent from US$277.92 in 2022, according to CoStar, a provider of commercial real estate data and...

5. www.tripadvisor.com › ShowTopic-g60763-i5-k1530949Why are hotel prices so high in Dec? - New York City Forum

   www.tripadvisor.com › ShowTopic-g60763-i5-k1530949

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   16 years ago. Simple Supply and Demand Economics. There is huge demand for rooms at the end of Nov. and first of Dec., so prices are high. The tree at Rockefeller Center will be lit on the 28th of Nov. and people are visiting the city around that time for the holiday atmosphere and shopping.

6. www.tripadvisor.com › ShowTopic-g60763-i5-k6013985Why are hotels expensive in May? - New York City Forum

   www.tripadvisor.com › ShowTopic-g60763-i5-k6013985

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   May 28, 2024 · Hotel prices are based on supply and demand. Prices now for May will be high. Depending on how many hotel rooms get booked, hotels will either raise or lower prices as the date grows near to fill rooms. Booking now for May will likely save you nothing unless you find the occasional bargain.

7. www.frommers.com › tips › hotel-newsWhy Are Hotel Prices So High? And How Can Travelers Save ...

   www.frommers.com › tips › hotel-news

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   Jun 6, 2023 · Hotel rates are still significantly higher than before the pandemic, but there are things you can do to save on your next stay. By Sean Cudahy. June 6, 2023. Travel is causing a lot of sticker shock right now—and not just when it comes to purchasing plane tickets. “Room rates [at hotels] have increased rather drastically over the last 3 ...

8. People also ask

   Why are hotel prices so high in New York?

   • As migrants are taking up the city’s more affordable hotel rooms, mid-market tourists are likely to see the steepest increase in prices, said hotel industry adviser Sean Hennessey and clinical associate professor at New York University.

   Migrant housing, tourist demand: Why hotel rooms in New York City are

   www.straitstimes.com/life/travel/migrant-housing-tourist-demand-why-hotel-rooms-in-new-york-city-are-so-expensive-right-now

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   How much does a hotel cost in New York City?

   • City officials said the hotels receive between US$139 and US$185 a night a room, whether or not the room is occupied. Those rates do not include money the city is spending on food and other services for migrants.

   Migrant housing, tourist demand: Why hotel rooms in New York City are

   www.straitstimes.com/life/travel/migrant-housing-tourist-demand-why-hotel-rooms-in-new-york-city-are-so-expensive-right-now

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   Why is it so expensive to build a hotel in New York?

   • That is because of new zoning rules and special permits that have restricted hotel development, making it more expensive to build and operate hotels. In October 2022, the Row NYC Hotel in Times Square, which opened as Hotel Lincoln in 1928 but was in financial straits during the pandemic, became the first and largest hotel converted into a shelter.

   Migrant housing, tourist demand: Why hotel rooms in New York City are

   www.straitstimes.com/life/travel/migrant-housing-tourist-demand-why-hotel-rooms-in-new-york-city-are-so-expensive-right-now

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   Why are hotel rates so high in May?

   • Compared to 2019, May’s average room rates were up 33% in London, 38% in Paris, and 22% in Amsterdam, STR data shows. Freitag blames a combination of inflation and a still-unrelenting demand among Americans to travel. “Hoteliers are saying, Look, everything is getting more expensive,” Freitag said.

   Why Are Hotel Prices So High? And How Can Travelers Save Money?

   www.frommers.com/tips/hotel-news/why-are-hotel-prices-so-high-and-how-can-travelers-save-money

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