Low prices drive tourists to LIC’s new hotels

TRD New York /
May.May 17, 2012 09:30 AM

Not only has the city’s skyrocketing tourism figures brought a hotel construction boom to Long Island City, but according to DNAinfo, it’s also ensured that the 1,500 rooms in the neighborhood stay occupied. Through March the average hotel occupancy rate is between 80 percent and 82 percent in LIC this year, compared to 77.6 percent city-wide.

Visitors are flocking to western Queens for the cheaper room rates. Many of the hotels offer rooms for as little as $120 per night, more than $100 less than the city’s $222 average, according to NYC & Company, the city’s tourism arm. With easy access to transportation to Manhattan, those savings are the deciding factor.

But at the same time, LIC is beginning to offer its own boutique hotel options in addition to the offerings from major companies that have planted flags in the neighborhood. Z NYC, Verve Hotel and Ravel Hotel have all opened recently with restaurants, lounges and other amenities more typical of Manhattan.

The influx of visitors has also helped boost local businesses in the area, DNAinfo noted. [DNAinfo]


Related Articles

arrow_forward_ios
The economy beat expectations in June, adding 4.8 million jobs, with retail and hospitality leading the way. But a surge in coronavirus infections threatens further gains. (Getty)

Retail and hospitality led June job gains as virus surged

Retail and hospitality led June job gains as virus surged
Alex Sapir with the NoMo Soho hotel at 9 Crosby Street (Nomo Soho)

Sapir Corp’s earnings highlight challenges facing NYC hotels

Sapir Corp’s earnings highlight challenges facing NYC hotels
Square Mile Capital’s Craig Solomon and Hackman Capital Partner's Michael Hackman with Silvercup Studios at 42-22 22nd Street in Long Island City (Hackman; AAK via Wikipedia Commons)

Hackman, Square Mile in talks to buy Silvercup Studios

Hackman, Square Mile in talks to buy Silvercup Studios
The rate of job loss in America has stabilized, even though businesses continue to hemorrhage employees at unprecedented levels. (iStock)

Unemployment filings stabilize — but at record highs

Unemployment filings stabilize — but at record highs
GFI Capital CEO Allen Gross and the James Hotel at 22 East 29th Street (Google Maps)

GFI Capital takes majority stake in James Hotel in $110M deal

GFI Capital takes majority stake in James Hotel in $110M deal
48-49 35th Street in Long Island City and North River Company's Forrest Mas (Google Maps, North River Company)

Maquette doubles space at Matsil Building in Long Island City

Maquette doubles space at Matsil Building in Long Island City
Federal Reserve Chairman Jerome Powell (Getty, iStock)

Real estate stocks outperform broader market but still sink

Real estate stocks outperform broader market but still sink
The construction, retail and restaurant sectors led May’s surprising jobs rebound, while the hotel industry continued to suffer. (Getty, iStock)

Construction, retail, restaurants lead May jobs rebound

Construction, retail, restaurants lead May jobs rebound
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...