1. Latest News
  2. Submit Press Release

NYC Rentals Poised for Visitors after Hurricane Sandy

In the wake of Hurricane Sandy, NYC sees high vacancies in hotels and vacation rentals. Lower prices, restored power and cleaned-up streets means the tourism industry is ready to welcome visitors with open arms

Nov. 9, 2012 - PRLog -- New York, NY. Hurricane Sandy devastated the northeastern US last week, bringing untold hardships to millions of homeowners and small businesses. According to NY Governor Andrew Cuomo, an estimated $33 billion in economic activity has been lost due to the tropical hurricane, adding an additional $1 billion to New York’s existing deficit. This is the nation’s second-most economically devastating hurricane, topped only by Katrina in New Orleans.

Many small businesses are still struggling over a week after the hurricane without power, heat, and phone service. As the storm’s impact drags on, some owners are losing thousands in revenue per day. "Losing my business means losing my house," said Yushiaki Yuyama, a business owner who lost 2,000 boxes of ice cream due to power loss from Sandy. "It means losing everything."

One of the few bright sides? New York City tourism is now poised more than ever for arriving visitors.

"This city has been through a lot with Sandy," says Jen Lim, PR director of New York Vacation Rentals (http://yhiny.com). "But we’re a resilient city and it’s actually never been a better time to visit since there’s a surplus of available short-term rentals." Rising hotel costs in the city have prompted many travelers to turn to short-term and vacation property rentals. Many experts agree this is a perfect time to visit. Power has been restored to 98% of Manhattan and damage from the storm on the streets is almost non-existent a week post Sandy. "Many people still think NYC is so battered from the storm, but we’ve really fixed up the city very quickly. Now that there are more openings for short term rentals in NYC, meaning less demand, the price points have decreased almost 20% over last year for vacation rentals, so it’s the perfect time to visit."

In addition, there is less congestion and traffic on the roads due to gas rationing that took effect on November 9th. Less smog and less waiting times mean cleaner New York City air and lower amounts of stress while on the roads. Visitors from outside the US can also take advantage of the weak dollar and enjoy cheaper amenities and services.

"If you’ve been thinking about visit this great city of ours," says Lim, "I urge you and your family and friends to come visit and help our battered city recover from the storm." Tourism is a huge industry for Manhattan, bringing in $31 billion in 2010 with over 48 million visitors.

http://www.yhipartners.com for more vacation rentals
http://yhihome.com for corporate NY rentals

--- End ---

Click to Share

Contact Email:
***@yhihome.com Email Verified
Source:NYC Vacation Rentals
Location:New York City - New York - United States
Industry:Real Estate, Tourism
Tags:Travel, Short Term Rental, Vacation Rental, NYC apartments
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Trending News...

Like PRLog?
Click to Share