NYC Hotels Are Offering Up Discounts: Will It Help Attract Guests?
Of the various industries that were hard-hit during the pandemic, hotels faced one of the harshest blows. Travel came to a standstill in 2020, when fears of getting sick kept people at home. And while travel did ramp up in 2021, it was hampered by the emergence of new variants, from delta to omicron.
Meanwhile, business travel remains sluggish, which could continue to hurt hotels and deprive them of the revenue they need to recover from the pandemic's impact. A lack of business travel is having an especially profound impact on metro areas that normally see a lot of it, like New York City.
In fact, New York City hotels are so desperate for bookings that they're running a new promotion in an effort to drum up tourism. But whether it'll do the trick is a different story.
Source Fool.com
