Are Cities Like LA And NY Destroying The Hotel Industry By Using Hotels As Homeless Housing?

What does the idiom “kill the goose that lays the golden egg” mean? “To destroy something that makes a lot of money for you,” is the Cambridge Dictionary’s succinct definition.

Hotels are an integral part of a city’s economy. They house tourists and business visitors to a city and provide valuable tax revenue to the local coffers. They provide a venue for social events like weddings and business functions like meetings and conventions. Hotels also provide jobs, including many entry-level positions.

Many hotels barely survived COVID. But rather than promote the recovering hotel sector, many US cities, like New York, Portland, San

→ Continue reading at Forbes

[ufc-fb-comments url=""]

Latest Articles

Related Articles