The hotel industry in New York may have reached its peak as room rates have dropped while those in other cities have risen. Photo: Xinhua The hotel industry in New York may have reached its peak as room rates have dropped while those in other cities have risen. Photo: Xinhua
The hotel industry in New York may have reached its peak as room rates have dropped while those in other cities have risen. Photo: Xinhua
Property /  International

New York misses out in US hotel boom

While other cities are enjoying record sales and occupancies, room rates at the nation's top tourist destination have fallen on supply surge

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Reuters
Reuters

Updated: 2:54pm, 20 Jul, 2018

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The hotel industry in New York may have reached its peak as room rates have dropped while those in other cities have risen. Photo: Xinhua The hotel industry in New York may have reached its peak as room rates have dropped while those in other cities have risen. Photo: Xinhua
The hotel industry in New York may have reached its peak as room rates have dropped while those in other cities have risen. Photo: Xinhua
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