NEW YORK — Twenty percent of hotels across the city have closed during the pandemic, according to a new report by the Department of Planning.
It found 146 of the city's 705 hotels closed between January and September of last year.
Manhattan suffered the most of any borough, with a 37% loss in hotel rooms.
Some industry experts caution the losses may be worse than what's being reported.
It's estimated it could take until 2025 for the hotel industry to recover to pre-pandemic levels.