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New York City's hostels can counter Trump travel woes, industry says
Businesses likely to hurt by Trump's immigration and travel policies, such as restaurants and contractors with many undocumented immigrant workers, have largely declined to talk publicly about their concerns. He estimated that reviving hostels would bring the city $234 million worth of business. article continues below advertisementBusinesses have been hesitant to come out swinging at the travel ban and immigration policies that the city's tourism bureau, NYC & Company, blames for the projected decreases. But Ireland-based Hostelword.com, which wants the City Council to make hostels legal again in New York, seized the opportunity to offer its bill up as a solution. A Trump supporter, Borelli asked if the city would study the potentially positive economic impact of a reduction in the corporate tax rate, which the president has promised.
How to make money in New York City's cut throat restaurant business
3 EXPORT NEW YORK Restaurant groups are looking beyond the boroughs in hopes that their branding success in New York can help conquer other markets. Despite the romantic notions of owning your own joint, it's far too easy to lose dough in the restaurant business. 8 CALL IT MARKETING Partner with a landlord that wants to use a food business in the lobby as a way to sell residential or commercial space above. One thing is certain: good food alone won't pay the bills. 19 DELIVER Grubhub—which bought New York City's Seamless in 2013—delivered $3 billion worth of food last year, up from $2.4 billion in 2015.
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