Posted Apr 7, 2022, 11:57 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
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Still don't know if they will reopen like the Hyatt, but the website still has this goodbye message...
https://therealdeal.com/2022/04/07/h...elated_article
Hotel owners lose bid to defeat severance law
Federal judge upholds city measure requiring payments up to $15,000 for ex-workers
New York
April 07, 2022
Quote:
The forlorn hotel industry has suffered another blow as a judge upheld a city law requiring severance payments for laid-off workers.
The Hotel Association of New York’s challenge to the hotel severance bill was struck down in federal court, Crain’s reported. The industry trade group doesn’t have any plans to appeal the decision.
The owners group brought the case in October, arguing that the law illegally forced city hotels to create an employee benefit plan requiring administrative services. Judge Paul Oetken disagreed, writing that the law “likely does not obligate an employer to create a plan because it does not require an ongoing administrative program to deliver mandated severance pay.”
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Quote:
The Roosevelt Hotel made a similar individual claim about the lawsuit. According to Crain’s, the judge denied its request for an injunction as well. Severance fees add various other problems facing the hotel.
The bill signed into law last fall by then-mayor Bill de Blasio, an ally of the hotel workers union that advocated for the measure, forced the city’s closed hotels to either reopen or pay severance of up to $500 per week for 30 weeks to furloughed staff. The law applies to hotels that cut at least 75 percent of service employees. Hotels had until Oct. 11 to recall employees and Nov. 1 to reopen.
Several hotels opted to reopen, avoiding the severance payments. Days after the bill passed, the New York Hilton Midtown and the Grand Hyatt in Midtown both announced they would resume operations. The since-renamed Hotel Trades Council said the 1,900-key Hilton would bring back approximately 30 percent of its staff, while the 1,300-key Hyatt was looking to bring back about 25 percent of its staff — just enough to comply with the law.
The law also prompted the Omni Berkshire Place, a 399-key Midtown hotel closed since June 2020, to welcome back guests. The president of Omni Hotels & Restaurants told Crain’s, “Paying the severance would have cost more than reopening.”
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https://www.costar.com/article/21259...oteliers-ready
New York City's Tourism Is Back, but Are Hoteliers Ready?
About 115 Hotels Remain Closed in the City
The 1,025-room Roosevelt Hotel in New York City remains closed. About one-fourth of its unionized hotel workers are still laid off.
By Dana Miller
Hotel News Now
April 7, 2022
Quote:
Word on the street is that New York City's tourism is being revived after two pandemic-filled years of empty tourist attractions, according to the New York Times.
Data from STR, CoStar's hospitality analytics firm, shows three-quarters of New York City's available hotel rooms were filled during the week ending March 19.
A forecast from NYC & Company estimates there will be a 70% increase in tourists this year in New York City from 2021 to a total of 56.4 million visitors, including 8 million from abroad. While that total is still short of pre-pandemic levels, this is promising for recovery.
But I'm also concerned. The New York Times reports about 115 hotels out of New York City's total hotel supply haven't reopened after being battered by the pandemic. And employment in the leisure and hospitality sector is still down.
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__________________
NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Last edited by NYguy; Apr 8, 2022 at 12:07 AM.
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