New York's World Cup Promise Fades as Hotels Sit Empty
NYC is bracing for the World Cup with hotel bookings only about 25% for the six weeks around games at MetLife Stadium, despite FIFA predicting sold-out matches; weak demand and high travel costs—exacerbated by international tensions and visa hurdles—are dampening attendance and ticket resale prices, threatening city revenue as added costs for security and management may exceed projected tax gains (roughly $55M in tax revenue versus about $70M in costs).
