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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
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.
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