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by fasthands9 983 days ago
I'm seeing stats that say hotel occupancy in NYC averaged 87% percent last year.

I'm also seeing there are 123,000 hotel rooms and there were 40,000 airbnb listing in NYC.

This seems to suggest that supply of airbnb will materially change total hotel listings.
2 comments
cypress66 983 days ago
> 123,000 hotel rooms

That sounds kinda low for NYC.

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hn_throwaway_99 983 days ago
Except it's easy to verify:

> At the end of 2019, New York City ended the year with 703 hotels operating in the city and 138,000 available rooms. A year earlier, New York City had 672 hotels operating with 122,000 rooms.

And that was before Covid took tons of inventory offline, though guessing a lot of that has rebounded.

https://www.bizjournals.com/newyork/news/2020/06/17/nyc-may-...

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fasthands9 983 days ago
It is low for what it should be. Like a lot of American cities - NYC routinely makes it difficult to build new hotels.

Fwiw for reference, I'm seeing that Las Vegas has ~150,000, LA has ~98,000, and Philadelphia has ~30,000. I'm assuming for a lot of these the numbers would expand/contract if you change the boundaries.

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bobthepanda 983 days ago
There’s high turnover and I would imagine that NYC is less seasonal than other tourist destinations relying on sun and fun; a fair amount of travel is business, a fair amount of destinations are indoors, and New York also has notable things to do during the fall and winter period, which is the slow season for most other destinations.

Vegas and Orlando have a lot of rooms but are also highly seasonal, and there are definitely off periods with lots of deals. Also unlike Vegas or Orlando New York has a lot of hotels in surrounding areas as well; hotels in New Jersey are not included in this number, but there are a bunch between EWR and Manhattan.

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ttymck 983 days ago
What was Airbnb occupancy?
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fasthands9 983 days ago
This says about 20% in 2021.

https://www.alltherooms.com/resources/articles/average-airbn...

I assume both the 87% hotel occupancy and 20% airbnb occupancy are much higher on weekends or special days, for instance. Pretty easy to see how prices will rise in select areas and many days.

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