"NYC Hotel Prices Skyrocket Amid Migrant Crisis and Tourism Surge"
TL;DR Summary
New York City is addressing its migrant crisis by contracting 20% of its hotel rooms for a sanctuary program, costing taxpayers $10 billion over three years. This has led to higher hotel rates and additional taxes for visitors, effectively shifting some of the financial burden to tourists. The program benefits hoteliers with guaranteed occupancy and elevated rates, while the city's ban on short-term Airbnbs further drives up hotel demand.
- Taxing Visitors For New York City's Migrant Crisis Live and Let's Fly
- Why N.Y.C. Hotel Rooms Are So Expensive Right Now The New York Times
- NYC hotel rooms pricier than ever due to hotels housing migrants Business Insider
- Shocking reason why NYC hotel rooms have gotten so expensive - with average room now costing $300 a night Daily Mail
- Hotel rates soared to the highest level ever as tourism demand in New York City surged to pre-pandem.. - MK 매일경제
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