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NYC also chose a much larger scale lockdown, and Manhattan had riots last year. Hardly something tourists want to see in a vacation spot.
Miami had a smaller lockdown period, more liberty for all, and was riot free throughout 2020 and 2021.
NYC is trailing most of the nation in hotel occupancy rates.
NYC has a stricter lockdown that it's easing out of and has a pretty strong split of tourists towards the international side of things. The riots were a blip barely remembered. I think it's more of a question of how long it takes for international travel to resume and/or if the hotels here are willing and able to cut deals to get more domestic visitors.
People are traveling. Domestic flights are packed. More people seem to prefer staying at airbnbs vs hotels for mor space and less forced interactions with strangers. My inlaw own 6 airbnbs. They are all booked solid into the fall. He also has been getting more 2 weeks to one month bookings.
So what. NYC was the epicenter of the pandemic, so we had much more to worry about. Florida on the other hand wasn't impacted nearly as much.
Epicenter due to cuomo sending the elderly to their death. Florida showed the world that lockdowns dont work. All my hospitality friends packed up nyc and are all in florida.
NYC has a stricter lockdown that it's easing out of and has a pretty strong split of tourists towards the international side of things. The riots were a blip barely remembered. I think it's more of a question of how long it takes for international travel to resume and/or if the hotels here are willing and able to cut deals to get more domestic visitors.
"The riots were a blip barely remembered".
Scenes of animals running through the streets looting and terrorizing "barely remembered". You'd make a great NYC politician.
Scenes of animals running through the streets looting and terrorizing "barely remembered". You'd make a great NYC politician.
What planet do you live on?
Yea, I really don't think they're going to make much of a difference for or against the recovery. I feel like people tend to sensationalize, make a big fuss, and then pretty promptly forget things in this country while ignoring much larger, general trends that have larger structural changes. Unfortunately, I think you may fit that mold pretty well.
Again, unless the variants truly get out of hand or some other cataclysmic disaster along that order of magnitude occurs that especially staves off the opening of most international travel, my guess is that NYC hotel recovery in terms of occupancy rates will be pretty swift. There was little structural change from the pandemic or the riots even though there was/will be bankruptcies and defaults though someone or some entity will almost certainly come take previous operators places in a lot of situations. There is a question of the kind of profit margins the hospitality industry needs to keep going. I think in order to fill up things sooner especially with a slower relaxing of international travel restrictions, hotels will probably be lowering their prices and profit margins a bit. However, I think it's likely the margins for landlords and operators both had some room to go while still generating an operating profit and so prices likely have significant room to move down to meet the willingness to play.
Last edited by OyCrumbler; 06-14-2021 at 06:33 AM..
Yea, I really don't think they're going to make much of a difference for or against the recovery. I feel like people tend to sensationalize, make a big fuss, and then pretty promptly forget things in this country while ignoring much larger, general trends that have larger structural changes. Unfortunately, I think you may fit that mold pretty well.
Again, unless the variants truly get out of hand or some other cataclysmic disaster along that order of magnitude occurs that especially staves off the opening of most international travel, my guess is that NYC hotel recovery in terms of occupancy rates will be pretty swift. There was little structural change from the pandemic or the riots even though there was/will be bankruptcies and defaults though someone or some entity will almost certainly come take previous operators places in a lot of situations. There is a question of the kind of profit margins the hospitality industry needs to keep going. I think in order to fill up things sooner especially with a slower relaxing of international travel restrictions, hotels will probably be lowering their prices and profit margins a bit. However, I think it's likely the margins for landlords and operators both had some room to go while still generating an operating profit and so prices likely have significant room to move down to meet the willingness to play.
They've already made a difference. Go look at home prices in Florida. Who do you think is paying those prices?
Yea, I really don't think they're going to make much of a difference for or against the recovery. I feel like people tend to sensationalize, make a big fuss, and then pretty promptly forget things in this country while ignoring much larger, general trends that have larger structural changes. Unfortunately, I think you may fit that mold pretty well.
Again, unless the variants truly get out of hand or some other cataclysmic disaster along that order of magnitude occurs that especially staves off the opening of most international travel, my guess is that NYC hotel recovery in terms of occupancy rates will be pretty swift. There was little structural change from the pandemic or the riots even though there was/will be bankruptcies and defaults though someone or some entity will almost certainly come take previous operators places in a lot of situations. There is a question of the kind of profit margins the hospitality industry needs to keep going. I think in order to fill up things sooner especially with a slower relaxing of international travel restrictions, hotels will probably be lowering their prices and profit margins a bit. However, I think it's likely the margins for landlords and operators both had some room to go while still generating an operating profit and so prices likely have significant room to move down to meet the willingness to play.
The profit margins statement you made is very true. Managers I spoke to informed me the hotel would be running on a skeleton crew until the outlook was better. There is concern about the Fall regarding another Covid spike also.
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