A happy ending is in sight to the Big Apple’s hotel industry catastrophe — just wait until 2026!
“I am supremely optimistic for five years from now,” said Vijay Dandapani, president of the Hotel Association of New York. But the short- and medium-term outlooks are another story.
“The key thing is that international travel is not here yet” and there’s no way to know when it will fully return, despite President Biden’s plan to reduce restrictions by some time in November, Dandapani said.
The beleaguered industry’s plight is epic in scope. Of the city’s total 700 hotels pre-pandemic, about 250 either closed or were converted to homeless shelters.
Average occupancy fell from over 80% in 2019 to 33% early this year (it has since upticked to 45%, Dandapani said). By comparison, occupancy never fell below 60% during the earlier crises of 9/11 and the 2008 Wall Street crash.
Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun.
Sinking under the weight of overdue mortgage payments and property taxes, some hotels have already shut down for good, and many others are struggling to survive.
Rachel Paula Abrahamson TODAY March 4, 2020, 4:09 PM CST
Three years ago, a Turkish butcher named Nusret Gökçe became an internet phenomenon after he posted a video of himself stripping, slicing and then sensually salting a hunk of meat.
Salt Bae was born — and the internet couldn’t get enough … for a few months.
Today, Gökçe still boasts more than 26 million Instagram followers, who eat up clips of his over-the-top seasoning style. He’s also been able to use his viral fame to grow his branded empire of steakhouses and burger restaurants around the world.
Today, Gökçe operates over a dozen eateries, but his latest venture, a burger place in New York City called #SaltBae, is definitely not as popular as the man himself.
Fancy restaurants are a dime a dozen in the city, and even if you’re willing to pay extra for an upscale private dining room experience, nothing compares to the exclusivity or bragging rights of a table at one of New York’s members-only eateries. From exorbitant dues to table-timeshares, these coveted spots primarily serve up status, with a side of dinner.
While commoners can dine downstairs at The Tavern by WS, Wine Spectator’s exclusive club above it, WS New York, is reserved for members who are willing to pay a $15,000 initiation fee, and $7,500 in annual dues. The food, drink, and social club at Hudson Yards promises “unparalleled access to the finest wine and spirits, world-class dining, and one-of-a-kind cultural events.” The menu is curated by Chef Eli Kaimeh, formerly of Per Se and Gramercy Tavern, and the space is, as one would expect, very plush.
Each month, writer and photographer Elyssa Goodman curates an excellent selection of writers for the Miss Manhattan Reading Series, one of the only such literary events in the city to focus exclusively on nonfiction. The November edition features When Brooklyn Was Queer author Hugh Ryan, who recently curated an exhibition of the same name for Brooklyn Historical Society, writer and translator Carina del Valle Schorske, Eater’s associate restaurant editor Monica Burton, and arts and culture writer Khalid El Khatib.
Monday, November 4th, 7:30 p.m. // Niagara, 112 Avenue A, Manhattan //Free
If you’d like that costume to get one final showing—particularly if it’s a pun—wear it out to the Halloween edition of Punderdome 3000, everyone’s favorite night of amateur wordsmithing. Hosted by Jo Firestone and her Rodney Dangerfield–impersonator dad, the show gives 12 contestants the chance to prove their
With a stay at Row NYC, you’ll be centrally located in New York, just a 4-minute walk from Broadway and 6 minutes by foot from Times Square. This 4-star hotel is 0.7 mi (1.1 km) from Macy’s and 0.7 mi (1.1 km) from New York Public Library.