Hotels Booming: While we're usually treated to gloomy-and-doomy... - NBC New York

Hotels Booming: While we're usually treated to gloomy-and-doomy...

    processing...

    NEWSLETTERS

    2008_08_cowboy.jpgWhile we're usually treated to gloomy-and-doomy reports on the local and state economy, here's a bright spot: the city's hotel occupancy rate is rising. As reported by the Sun, the average cost of a hotel room in the city climbed to $350 a night, up from the $300 reported in May 2007, and the occupancy rate climbed to 90%, a 1% increase from the same period last year. Broadway attendance, however, was down in May. Can we blame Clay Aiken? [NY Sun] EV Grieve