Staying in a New York City hotel will cost a little less than normal this summer.
Last week, New York City Mayor Bill de Blasio signed an Executive Order that will suspend the 5.875% hotel room occupancy tax rate for a three-month period—from June 1, 2021 to August 31, 2021.
That means that hotel rooms in the city will effectively be 5.875% cheaper this summer. That’s great news for anybody plotting a visit!
“As our COVID rates continue to plummet and we continue to drive a recovery for all of us, tourists will be coming back to New York City in droves. We’re ready for them,” Mayor de Blasio said in a statement. “By eliminating the hotel room occupancy tax for this summer, we’re accelerating our economic recovery, saving jobs and providing relief for one of our hardest-hit industries.”
The suspension of this tax is, of course, welcome news for the New York City hospitality industry, as it should encourage more guests to book stays this summer.
“This executive order is welcome news for tens of thousands of hospitality workers and for New York City’s tourism industry, which has endured the worst economic impacts of the pandemic,” said Rich Maroko, President of the Hotel Trades Council. “This tax relief serves as critical encouragement for hotels to re-open to guests from across the world. HTC thanks Mayor de Blasio for his leadership in helping our industry and our city get back on its feet.”
“The temporary occupancy tax waiver is a much needed lifeline that is strongly welcomed by the beleaguered hotel industry,” added Vijay Dandapani, President & CEO of the Hotel Association of New York City. “Most importantly, it is an example of management and labor working together to enable a very positive outcome. The industry thanks the Mayor for taking this much needed step that will go a long way towards the hotel industry recovering more quickly as the pandemic wanes.”
New York City is rapidly opening back up, with the hope of removing all pandemic-related restrictions by June 1.