The New York City hotel market managed to defy the slump most of the country experienced during and after the recession.
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Uli Seit for The New York Times
Henry Zilberman is the owner of the Z NYC Hotel in Long Island City, a part of Queens.
Occupancy rates in the city were 85 percent last year, compared with a national average of 60 percent. And despite a tough market for financing, at least 15 hotels opened in the five boroughs in 2011 — roughly half of them outside Manhattan. From 2006 to 2011, 42 percent of the city’s new hotels were built in the outer boroughs, according to data from NYC & Company, the local tourism organization. Brooklyn’s hotel building boom began a few years ago, and competitors continue to pop up around the borough, mostly focused in popular neighborhoods like Williamsburg and the up-and-coming downtown. Lately, Long Island City in Queens has become another hotel hot spot, as guests trade the congestion of Midtown for skyline views and cheaper prices, just one subway stop from Manhattan.
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Occupancy rates in the city were 85 percent last year, compared with a national average of 60 percent. And despite a tough market for financing, at least 15 hotels opened in the five boroughs in 2011 — roughly half of them outside Manhattan. From 2006 to 2011, 42 percent of the city’s new hotels were built in the outer boroughs, according to data from NYC & Company, the local tourism organization. Brooklyn’s hotel building boom began a few years ago, and competitors continue to pop up around the borough, mostly focused in popular neighborhoods like Williamsburg and the up-and-coming downtown. Lately, Long Island City in Queens has become another hotel hot spot, as guests trade the congestion of Midtown for skyline views and cheaper prices, just one subway stop from Manhattan.
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