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Economy hotels finally worm their way into the Big Apple

Excerpt from USA Today

Feb 01, 2013 10:46 am

Skift Take

This is win-win for budget and luxury travelers who will hopefully be able to find more rooms at lower prices as the building boom takes the edge of the city’ sky-high occupancy rates.

— Samantha Shankman

The Changing Business of Extended-Stay Hotels

Free Report: Social Media Trends for Tourism Boards

The Big Apple’s experiencing a cheap hotel boom – cheap, that is, for New York.

Tourists will soon find a host of new, more affordable alternatives to four-star Marriott, Hilton, Hyatt and Sheraton hotels in the USA’s most expensive hotel city, where the average room costs about $300 a night…

These hotels are part of Manhattan’s mid-priced hotel building boom, which has been taking off as the recession fades, hotel rates climb and developers find it easier to get construction financing.

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