It's more than just a diamond jubilee and legacy chatter these days for Accor's Sofitel. This 60-year-old brand is just getting started with a new era of growth and renovation.
25.05.2024 - 08:17 / nytimes.com
In late 2022, as thousands of migrants began to arrive in New York City, city officials scrambled to find places to house them. They quickly found takers: hotels that were still struggling to recover from the pandemic-driven downturn in tourism.
Dozens of hotels, from once-grand facilities to more modest establishments, closed to tourists and began exclusively sheltering migrants, striking multimillion-dollar deals with the city. The humanitarian crisis became the hotel industry’s unexpected lifeline in New York; the hotels became a safe haven for tens of thousands of asylum seekers.
Two years in, as the city’s peak tourism season is about to begin, the migrant crisis has helped dramatically shift the hotel landscape in New York. The conversion of hotels to shelters has sharply decreased the supply of rooms just as tourist demand has risen, nearly to prepandemic levels, and is projected to match a record high.
The migrant shelters — along with other factors that include inflation, the loss of Airbnb short-term rentals and an expected decline in new hotel construction — have propelled the nightly cost of an average room to record levels.
The average daily rate for a hotel stay in New York City increased to $301.61 in 2023, up 8.5 percent from $277.92 in 2022, according to CoStar, a leading provider of commercial real estate data and analysis. During the first three months of 2024, when prices traditionally dip, the average stay was still 6.7 percent higher than during the same time period last year: $230.79 a night, up from $216.38 in 2023.
About 135of the city’s roughly 680 hotels entered the shelter program, with many congregated in Midtown Manhattan, Long Island City in Queens and near Kennedy International Airport — all traditional magnets for tourists. Participating hotels are paid up to $185 a night per room, according to the city. Not a single one has converted back into a traditional hotel.
It's more than just a diamond jubilee and legacy chatter these days for Accor's Sofitel. This 60-year-old brand is just getting started with a new era of growth and renovation.
Pride Month is a time for celebration, reflection and empowerment for members of the LGBTQIA+ community, supporters and allies — and here at TPG, we honor that wholeheartedly.
It seems like every hotel wants to be different this week — and by that, I mean an entirely different brand.
A popular Seattle hotel in the city's trendy South Lake Union neighborhood is slated to become an outpost for the 1 Hotels brand, known for its posh properties in Hawaii and London.
In October 2021, I took my first overnight train journey from New York City to Miami. For the 30 hour-ride, I booked the cheapest private cabin I could — an Amtrak roomette for $500.
Marriott International revealed details to Skift on Monday about its newest hotel brand — temporarily named Project Mid-T — in the “midscale” hotel category. The hotel giant said the new brand is primarily aimed at developers converting existing hotels rather than new construction and is meant to appeal to travelers worldwide.
If you're longing to explore Seoul's rich history and famous food scene, now could be the perfect time to plan a trip. Delta Air Lines has excellent award availability to the South Korean capital this summer — and you can travel in comfort in its Delta One business-class suites for only 130,000 SkyMiles.
Don't ask me where May went, I truly don't know. This month was a wild one for this hotel reporter. It started with my own wedding here in New York City, followed by a honeymoon in Paris, and the chance to catch the first night of the European leg of Taylor Swift's "The Eras Tour." I then immediately joined a wonderful retreat with TPG's travel team in Washington, D.C.
Economy class is exactly what it sounds like: a standard airplane seat with very few frills. Basic economy has even fewer. A lot of times that’s OK; we’ll put up with it just to get where we’re going. But sometimes we travelers want something better—say, a little extra legroom and little more dignity. That’s where airlines’ premium offerings come in. In some cases, that’s called Premium Economy; other times, though, the cabin class is an additional step up from that—closer to the business end of the spectrum than the coach end. The perks of this upper-middle part of the plane vary from airline to airline—as does the price—so we asked our staff and reporters to weigh in on which airlines offer a version of Premium Economy that is worth the cost. In my own travels, I recently tried out KLM’s “Premium Comfort” class, which is yet another level up for fliers. Here’s what we all had to say.
Tell people you’re going to Hawaii, and you’ll be met with enthuastic questioning, namely: “Where are you staying?” Tell them you’re going to Waikiki, however, and watch their giddy expressions wane. Ann Hood summed it up best in this 2023 New York Times article: “Lately, it’s become fashionable to dismiss Waikiki as a playland for tourists and not the ‘real’ Hawaii.”
Good morning from Skift. It’s Wednesday, May 29. Here’s what you need to know about the business of travel today.
New York City’s hotel rooms are hitting record prices. The main reason? A supply crunch. The city has essentially banned short-term rentals while also converting thousands of hotel rooms into lodging for migrants. A New York Times article this weekend highlighted the issue—here’s a closer look at the numbers.