NYC hotels getting busier, but still struggling

The hotel industry is finally seeing some signs of life in New York City, with a 3.7 percent rise in rooms booked last week. Hotels in the city sold 481,000 rooms last week, the most since the pandemic began. It was an increase of 17,000, or 3.7 percent, from the previous week, according to Bloomberg News. Still, the publication noted around 100 hotels remain closed, CoStar has reported, and the market is in a depression.