Supply Growth Takes The Bite Out Of NYC Hotel Rates, But Don’t Call It A Buyer’s Market
[UPDATE, April 8, 2016: We published new information related to this article here.] The seller’s market in lodging continues unabated this year. U.S. occupancy is on track to hit record highs, hotel execs are rocking and rolling and business travelers are paying more. Recent data on New York City, though, raises questions. The nation’s biggest…