- Elvin Henriques
so first of all I would like to ask the following questions
- including hostels and/or AirBnBs? – Lets assume no
- only the NYC city or Metropolitan area? – Lets, only NYC City
Approach
# Hotel = [# Tourists] / [# Beds per Hotel]
# Tourists = ( [Leisure Traveller] + [Business Traveller] ) /2
Leisure Traveller = [Ppl in the City] x [Ratio of Tourists]
Business Traveller = [Ppl in the City] x [white color worker] x [Ratio of Tourists]
# Beds per Hotel = [# Floor] x [# Rooms per Floor] x [# Beds per Room]
Ppl in the City = 8 Mio
I know that there are around 8M ppl Living in NYC City
Ratio of Tourists = every 10th person is a tourist (w/o covid)
I would have guessed that every 10th person you meet in NYC is a tourist (days where there is no covid)
white color worker = 75% are white color worker
(In NYC you have 3/4 of every person working as a white color worker I would assume)
Leisure Traveller = 8M / 10 = 800k
Business Traveller = 8M x 75% / 10 = 600k
# Tourists = (800k + 600k) / 2 = 700k
Since we took the same tourist ratio of Business and Leisure Travellers we have to still split the overall number of tourists by 2
# Floors = 5 Floors
I think on average there are 5 floors in every hotel
# Rooms per Floor = 6 Rooms
I would say based on my own exp that there are around 6 rooms per floor on an average hotel
# Beds per Room = 2 Beds
There are always 2 beds per room
# Beds per Hotel = 5 x 6 x 2 = 60 Beds
# Hotel = 700k / 60 Beds = 11k
Taken together, I would argue that there are 11k hotels in New York City.
The numbers in this equation where I have the lowest confidence, is probably the average number of tourists that are in New York on a given day.
If you take that 1/3 of people live together in households you arrive at around 2.6M households in New York.
That means that hotels would only make up around 2% of all the apartments that are in New York.
That means that hotels would only make up around 2% of all the apartments that are in New York.
Which seems to be pretty low.
So that could still be accurate.

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