NYC poised to see jump in hotel room inventory this year

Despite the pandemic’s continued impact on room bookings in New York City, 53 hotels are set to open this year, adding an estimated 9,000 rooms to the city’s inventory, according to Lodging Econometrics. That tally would be the second-highest growth rate in the country. While some observers point to ongoing disruptions, other hoteliers believe that demand from tourists and business travelers will eventually recover.