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Hotel Association of New York City (HANYC) says members seeing occupancy rates in single digits, some on verge of closure
With mandated closures continuing to impact New York City’s hospitality sector, the combination of single-digit occupancy levels and mortgage issues have led some to close and have others nearing the precipice.
“Industry revenue is down, on average, by 80% year-on-year since March 25 … [Gov. Andrew Cuomo's] New York ‘pause’ order date,” Vijay Dandapani, president and CEO of the Hotel Association of New York City and Chairman-elect of NYSAE, told The Center Square by email. “Occupancy is at or below 10% and not the 40% number seen in some publications.
“The reason for that is the latter has not factored in over 200 hotels closed, either temporarily or permanently, thereby lowering the base count of hotels," Dandapani added. "Secondly, nearly 200 hotels are catering to, mostly, homeless individuals who have been moved from shelters to comply with social distancing requirements that are not possible in shelters. This program is funded largely (75%) by federal FEMA dollars.”
Education and Research Foundation of the BBB of Metropolitan New York Announces January Webcast
Associations and nonprofits are invited to review their technology and strategy options during a webcast entitled, “Managing Change: Streamlining Your Finances and Operations for Sustainability,” scheduled for Tues., Jan. 19th, 1PM – 2:30 PM ET. A panel will discuss options to streamline operations, manage risks and lower costs, evaluating tech upgrades to protect assets and improve workflow, employee buy-in, training and pivoting to enhanced work, discussing upgrade possibilities with board members and funders, and more. Attendees will come away with the information and tools they need to make the critical planning decisions needed to strengthen their operations into the future. More details and registration information here.
News from NYC & Company
Congratulations Trudy Singh who was recently honored by National Coalition of Black Meeting Professionals (NCBMP)! Trudy is NYC & Company’s Regional Vice President of Sales, Mid-Atlantic, and was named the 2020 Charles H. Wright Supplier of the Year. During the Evening of Empowerment virtual event on November 20, Singh was honored by NCBMP’s Board of Directors and her fellow members as a supplier who consistently demonstrates the qualities of integrity, professionalism and dedication in her services to the profession.
NYC & Company is thrilled to welcome Rondel Holder as Senior Director of Multicultural Content. Holder will be responsible for creating content with a focus on NYC’s cultural diversity and BIPOC (Black, Indigenous, and People of Color) communities. As a senior member of their Creative/Content Group, he will create content for the organization’s channels including NYCgo.com, and develop collaborations with diverse voices and content partners who authentically speak to the City’s many cultures. Prior to joining NYC & Company, Holder held various marketing roles.
