NYC Hotels Face Uncertain Future After Migrant Crisis

New York City's hotel industry, already reeling from the pandemic, faces a complex and potentially crippling confluence of factors: a surge in room rates, expiring contracts for migrant shelters housed in hotels, and powerful lobbying efforts that have drastically altered the landscape of hotel development and operation. The future of the city's hospitality sector hangs precariously in the balance, with significant implications for tourism, the economy, and the city's ability to manage future crises.