{"id":407,"date":"2007-09-24T11:47:14","date_gmt":"2007-09-24T15:47:14","guid":{"rendered":"https:\/\/www.nyhabitat.com\/blog\/2007\/09\/24\/real-estate-market-new-hotel-accommodations-may-become-less-common-in-2008-but-will-the-boom-continue-in-new-york\/"},"modified":"2019-09-23T18:59:16","modified_gmt":"2019-09-23T22:59:16","slug":"real-estate-market-new-hotel-accommodations-may-become-less-common-in-2008-but-will-the-boom-continue-in-new-york","status":"publish","type":"post","link":"https:\/\/www.nyhabitat.com\/blog\/2007\/09\/24\/real-estate-market-new-hotel-accommodations-may-become-less-common-in-2008-but-will-the-boom-continue-in-new-york\/","title":{"rendered":"Real estate market: New hotel accommodations may become less common in 2008, but will the boom continue in New York?"},"content":{"rendered":"<p><strong>On September 19, 2007, The Wall Street Journal reported that construction of new hotel rooms is expected to decline by about 1% in 2008<\/strong> because of the tightening credit market and possibility of recession. The <a title=\"New York Accommodations\" href=\"\/new-york-apartment\/vacation\">New York\u00a0vacation rental<\/a> market, which includes hotels and vacation apartment rentals, has been red hot over the past several years with prices and occupancies increasing faster than in many cities around the country.<\/p>\n<p>While large hotel developers need a longer time to react to a changing market, <strong>owners of furnished accommodations have more flexibility for their property use<\/strong>. <!--more--><\/p>\n<p>Based on current market conditions, the vacation accommodation market in <a title=\"Travel tips about New York\" href=\"\/blog\/category\/new-york\/\">New York<\/a> has several factors that help make it impervious to this national shift in the industry, including:<\/p>\n<p>\u00b7\u00a0A large portion of foreign travelers who bring currencies other than the dollar to New York<br \/>\n\u00b7\u00a0A long-standing lack of supply of available rooms and apartments available for rent<\/p>\n<p>With these market conditions, <strong>New York Habitat continues to increase our inventory of <a title=\"Apartments for rent in New York\" href=\"\/new-york-apartment\/furnished\">New York \u00a0apartment rentals<\/a> <\/strong>and plans to continue finding new properties to offer throughout 2008. <strong>If you are interested in <a title=\"List your Apartment with new York Habitat\" href=\"https:\/\/www.nyhabitat.com\/rental\/list-your-apartment.php\">listing your apartment fill out the form online<\/a> or call us at (212) 255-8018<\/strong>. If you would like more information about the market, read our <a title=\"New York Furnished Apartment market Reports\" href=\"https:\/\/www.nyhabitat.com\/new-york-apartment\/furnished\">New York Furnished Apartment Market Report<\/a>. For investors read our Tips about: <a title=\"Tips: Furnished Apartment Investments in New York\" href=\"https:\/\/www.nyhabitat.com\/blog\/2007\/04\/27\/tips-furnished-apartment-investments-in-new-york\/\">Furnished Apartment Investments in New York<\/a><\/p>\n<p><strong>Have some inside information about new projects in New York? Share below.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On September 19, 2007, The Wall Street Journal reported that construction of new hotel rooms is expected to decline by about 1% in 2008 because&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[],"_links":{"self":[{"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/posts\/407"}],"collection":[{"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/comments?post=407"}],"version-history":[{"count":8,"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/posts\/407\/revisions"}],"predecessor-version":[{"id":20501,"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/posts\/407\/revisions\/20501"}],"wp:attachment":[{"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/media?parent=407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/categories?post=407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nyhabitat.com\/blog\/wp-json\/wp\/v2\/tags?post=407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}