Manhattan Hotels Holiday Season Darkens With Shutdown Risk Near 1490wosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1490wosh.com Daily Mail and Mail on Sunday newspapers.
NYC Hotel Bust Means Even $1,000 Rooms Aren t Profitable The borough’s hotel operators don’t expect business volume to exceed an average of 20 percent as shutdown warnings rise. Bloomberg | Dec 17, 2020
(Bloomberg) At Manhattan’s hotels, there are few signs of the festive fervor that the holiday season typically brings.
The Plaza is shuttered. So is the St. Regis, whose famed King Cole Bar is usually a source of Christmas cheer. Even the hotels that are open are watching occupancies drop as surging Covid-19 cases put weary travelers on guard.
“We don’t expect business volume to exceed 20%,” said Francois-Olivier Luiggi, general manager at the Pierre, across Fifth Avenue from Central Park. “This seems to be the most anyone can do on average.”