NYC Hotels TURNED Into Migrant Shelters – How It's RAISING PRICES

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New York City's hotel prices are soaring due to a combination of increased demand and a significant reduction in available rooms. The city has converted over 15% of its hotels into migrant shelters under the Sanctuary Hotel program, impacting tourism and local businesses. With stringent zoning laws and a shrinking pipeline for new hotel developments, the supply is unable to meet the growing demand. The situation is exacerbated by inflation and high occupancy taxes, making the city less competitive for tourists. As a result, mid-tier hotels are becoming unaffordable for many, pushing potential visitors to consider other destinations. This issue highlights the broader consequences of the city's sanctuary policies and their economic impact on residents and the tourism industry.

#NYCtourism #MigrantCrisis #HotelPrices