NYC Hotels Are Ready to Party as Guests Slowly Start to Return
- Manhattan properties face long recovery after rough year
- Industry in New York needs business travel to bounce back
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Guests are trickling back to New York’s hotels, but they’re not quite ready to cut loose -- the latest signal that the industry faces a long recovery after a brutal year.
“We used to have people get drunk and take their clothes off and jump in the swimming pool,” said Standard International Chief Executive Officer Amar Lalvani, whose New York hotels include lifestyle properties in the East Village and Chelsea. “There’s a real desire for it, but it’s not the Roaring ‘20s yet.”