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With Prices Down $200 Per Room, NYC Hotels Set for More Pain

  • Pandemic has pushed 870,000 hotel workers out of their jobs
  • Temporary shelters, shuttered properties boost occupancy
The Hilton Hotel in midtown Manhattan.
The Hilton Hotel in midtown Manhattan.Photographer: Victor J. Blue/Bloomberg
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The Midtown Hilton has been closed since March. Same for The Edition, a brand new Times Square boutique. You can get a room at the Pierre, just don’t expect the full-suite of white-glove services that have made the hotel a Manhattan landmark since 1930.

Autumn in New York, a season so inviting that it inspired a jazz standard, is grim this year, with the city’s tourism market among the worst in the U.S. The pandemic has canceled live events like Fashion Week and the New York City Marathon, repelled business travelers and international visitors and blown gaping holes in a tourism market that generates $70 billion in economic activity in a typical year.