NEW YORK — New York’s hotel tax hike has made the nation’s second-largest city one of the few places in the country where revenue is growing at a fast clip.
The hotel industry in New York rose by a solid $3.4 billion in the first six months of 2018, according to the state’s Department of Taxation and Finance, and the biggest increases came from hotels in the South Bronx, Brooklyn and Queens.
The surge in hotel occupancy is one reason the city is now ranked No. 2 in the nation in hotel tax collections, according, according the department.
But New York Mayor Bill de Blasio is worried about a potential backlash, saying he’s concerned about hotel occupancy.
The mayor said hotel occupancy in the city has declined by about 8 percent since last year and he’s trying to make sure it doesn’t continue to slide further.
“There is still a lot of room for improvement.
I’m very concerned,” de Blasio said.
Some hotels have already announced plans to lay off staff, including some in the priciest boroughs, but there’s no clear sign of a long-term plan yet.
De Blasio’s administration has sought to get hotel owners to sign a plan to increase occupancy, while pushing back against critics who say that the tax hike will lead to hotel closures.
But in the past few months, hotel owners have been reluctant to sign.
One of the biggest hotel tax increases in recent years is the one that will go into effect July 1.
According to the department, the hotel tax increase has helped cover $5.5 billion in operating costs since January.
The revenue from hotel occupancy was also an important part of the city’s economic recovery, with the city benefiting from $1.4 trillion in tax revenue.
De Blasio said his administration has been working hard to bring in new revenue, including through hotel tax rebates.
The city has already made several major announcements about rebates, including rebates of up to $10 per night on hotel stays.
It’s unclear whether those rebates will continue.
The department also announced a new program that will help businesses find more jobs for new hires, with a new rebate for companies that hire at least half of their workforce.
It said it will provide up to 40,000 new jobs for the next two years.