How will NYC real estate fare without 65 million tourists?
Last year, travel organization Worldstrides organized experiences for 550,000 students and generated $650 million in revenue. But it was...
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Domestic travel gives Airbnb a boost
The travel industry is beginning to show signs of life again, with city residents heading to nearby vacation rentals in droves. Airbnb saw more nights booked for its U.S. listings between May 17 and...
Weekend Edition
China has 5 times the number of millennials the US has
Think the Millennial generation has been a boon to New York City real estate? Well consider this: China has...
The New York Wheel is delayed and costs have ballooned. But will the project pay off?
Construction of the New York Wheel on Staten Island has been shutdown since July. But even when completed, will...
Can a weakening dollar save US hotels from Trump slump?
President Trump’s proposed travel bans on citizens of certain Muslim-majority nations has caused plenty of concern among hoteliers. But...
Anthony Malkin concerned over “PR bruise” from Trump travel ban
Empire State Realty Trust’s CEO Anthony Malkin said he is worried Donald Trump’s travel ban could hurt tourism in...
US hoteliers look to woo foreign guests amid concerns over Trump policies
With growing fears Trump’s policies will adversely affect visitor numbers, U.S. hotel operators are launching international campaigns aimed at...
The Long View: Giving a buck: Breaking down the impact of a strong $ on NYC’s real estate market
Talk to European tourists these days, and you might hear some grumbling that the pre-Christmas Fifth Avenue shopping spree was pricier than expected. Blame...
Judge orders UWS resi building to stop renting rooms to tourists
A New York State Supreme Court judge on Wednesday ordered the owner of Upper West Side apartment building 307 West 79th Street...
Retail investment sales prices falling for the first time in years
Manhattan’s retail property market has been growing at a furious pace for years, but as tourism growth tapers off...