What will the holidays mean for NYC’s hotels?
New York City hotels might not get as much of a boost during the holiday season as operators would like, with crucial travel from international visitors expected to remain subdued until next spring. “We’re going to get some visitation over the holidays but I don’t think this is a cure-all in any way,” said Rachael Rothman of CBRE, which expects citywide occupancy to edge upward to reach 56% in the fourth quarter.