You are here

New York hotel glut leading to slowdown in room-rate hikes

Los Angeles

THE city that never sleeps may have too many hotel rooms.

A surge in New York hotel construction, leading to a 21 per cent increase in the city's room count in the past five years, is tamping down nightly rates. While good for travellers trying to contain costs, that's...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to