NYC giving visitors a tax break

With tourism destinations all over the world cranking up their publicity machines with reminders of why you wanted to go there, and hopefully still do, New York City is offering a tangible reminder: a break on the cost of a room.

The hotel industry was one of the city’s hardest-hit sectors, with occupancy down by 90% last year. That was the result of a double whammy—not only were visitors restricted from traveling, but business travel collapsed as well.

The tax, 5.875% on top of the hotel’s own rate, may not seem like a big deal, but even a budget room in New York isn’t cheap, and saving almost 6% off the top of whatever deals the hotels are offering is not to be sneezed at! The break will expire August 31.

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