Pop! That’s the implosion of New York’s seemingly indestructible hotel industry, which this January had one of its worst months of the past six years.
According to Smith Travel Research, an industry research firm based in Nashville, Tenn., the citywide occupancy rate in January was 59.5 percent, an annual decrease of Read More
More bad news for the hospitality industry. According to analysts at Smith Travel Research, hotel occupancy rates nationwide sank to barely 50 percent during the week of Nov. 30 through Dec. 6, with daily rates and revenues also slumping in year-over-year measurements.
New York City hotels experienced one of the largest decreases in Read More