AHLA Warns Proposed New York City FY27 Budget Could Increase Hotel Costs, Threatening Jobs and Economic Recovery
📈 WASHINGTON, D.C.—In March 2026, the American Hotel & Lodging Association (AHLA) testified about New York City's FY27 budget proposal, highlighting potential financial strain on hotels from tax increases like a 9.5% Real Property Tax hike. New York hotels support 264,000 jobs, generating $4.9 billion in tax revenue by 2026. Rising costs outpace revenue growth, while a 5% drop in international visitors occurred in 2025, impacting the $38.4 billion spent annually by hotel guests.
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