The Takeoff Episode 03: Why Team and Culture Matter for Travel Startups Sponsored This content is created collaboratively with one of our sponsors.
There is a delicate balance between gentrification and rejuvenating the local economy with outside creatives coming in. This is playing out in the crucible of Upstate NY and hospitality sector.
They are among a group of New Yorkers, many of them from Brooklyn, remaking themselves as hoteliers in a more pastoral corner of New York State.
These expatriates from the city are offering accommodations that run the gamut from high-design hotels to humble guesthouses. But in most of these cases, the new hoteliers realized that they could not afford their dream within the five boroughs, and so headed north to make them come true.
How profitable these ventures might be remains to be seen, and certainly there is risk involved, as anyone who has watched an episode of Gordon Ramsay’s “Hotel Hell” can attest.