Recently, the Mayor of New York City and the New York City Tourism and Convention Bureau announced that approximately 62.8 million tourists visited New York City in 2017, an increase of 2.3 million from 2016, marking a new high for both domestic and international visitors. This also represents the eighth consecutive year of growth for New York City's tourism industry.
"We have always kept our doors open to the world," said the Mayor of New York City. "Despite the impact of policies from the White House, we still attracted a record number of visitors. This proves the strength of our tourism industry and the value of our city."
The City Council Speaker stated, "It is clear that the whole world loves New York, and we love our visitors. Their visits bring economic growth and add vibrancy and passion to the city."
It is well known that New York City is the cultural capital of the world, and for many, it has become a must-visit destination. As a result, New York continues to attract more and more tourists. The New York City Tourism and Convention Bureau predicts that in 2018, New York may welcome 65.1 million visitors, an increase of 3.7%.
The continuously growing tourism industry will drive economic growth in New York and will undoubtedly boost the local hotel industry. New York City has the most vibrant hotel development pipeline in the United States. In 2017, the city added 4,000 hotel rooms, bringing the total to nearly 116,500 rooms, yet the demand for hotel rooms remains strong.
In 2017, 6.2 million conference and exhibition representatives visited the five boroughs of New York City, while the total number of business visitors to New York City reached 13 million. Manhattan, as the heart of New York, is also the most densely populated of the five boroughs of New York City. Driven by the booming tourism industry, the hotel sector in Manhattan, where every inch of land is precious, is experiencing strong growth, with significant market demand potential. As of December 2016, the Manhattan hotel market has maintained an occupancy rate of over 85% for 55 consecutive months, and it is expected that the occupancy rate will continue to grow from 2017 to 2021. Hotel rates are also on an upward trend.
Therefore, the highly sought-after Manhattan 9 Luxury Boutique Hotel has become a project of significant investment value. This project is located in Orchard9, Lower East Side of Manhattan, New York City, close to Chinatown, Little Italy, and the Financial District, and is regarded as one of the most vibrant fashion and cultural communities in New York. Its excellent prime location, developed tourism industry, and continuously growing economy will further drive local hotel demand.
Moreover, investing in the Manhattan 9 Luxury Boutique Hotel project not only provides investors with substantial returns but also grants them a U.S. Green Card for convenient asset allocation, along with better educational resources for their children. One application allows the whole family to immigrate and enjoy a high-quality life.
Experts from the WorldWay Immigration Group remind: the good timing for investment immigration is fleeting, and investors should plan and apply early. The opportunity for a low-cost investment immigration to the United States at $500,000 will not come again. Quality projects will not wait for anyone. The hotline for the Manhattan 9 Luxury Boutique Hotel project is: 400-138-2929.