New York City needs China's economy to bounce back

19-12-23

New York City's tourism industry is bouncing back, but one country is slowing down the recovery — China.

Though New York City hotel occupancy rates are nearing pre-pandemic levels, the recovery is hindered by a significant decline in Chinese tourists, who typically spend the most money and stay in the US for a whopping 12 nights on average.

Dan Krauth of WABC summarized his discussions with some hotel operators this week, noting that the tourism industry won't return to 100% until the Chinese market returns.