NYC hotel rooms are averaging over $300 a night as many hotels exclusively house migrants, reducing supply during a tourism boom

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• In 2023, hotel rooms in NYC averaged $301 a night — a record — according to The New York Times.
• Airbnb and inflation were culprits. But the migrant crisis also played a big role.
• Dozens of hotels have been converted into migrant shelters, reducing the supply of available rooms.

For travelers planning trips to New York City, be prepared to shell out more money than ever for a hotel.

In 2023, the average...