The NYC hotel situation isn't the normal inflation, but the hotel lobby bribing the government for reduced hotel permits and banning airbnb. The amount of regulatory bullshit in NYC to run a hotel is insane, including special permit carveouts for small independent hotels (i.e. the shitholes next to the Queensbridge Houses)
The other thing is due to the K-shaped economic recovery, where companies realized the bottom 90% have no money and don't bother to try for their business at all. Concert tickets have similarly increased in price and decreased in supply.
> The other thing is due to the K-shaped economic recovery, where companies realized the bottom 90% have no money and don't bother to try for their business at all. Concert tickets have similarly increased in price and decreased in supply.
You see this all over the economy. Since 1980, income of the top 10%, subtracting the top 1%, has increased much more than the income of the middle 20%. That’s why every brand is trying move upmarket. Disney World ticket prices have increased vastly more than inflation, because the company is willing to ditch middle class customers to chase a more affluent customer base: https://nypost.com/2022/08/03/disney-world-prices-up-3871-in...
This is also why “middle class luxury” chains like Sizzler have gotten squeezed out.
America is an important part of western culture due to its media exposure, from the news to streaming to music, etc. It's a strong hook willing to see it with your own eyes and not a screen.
Also, I have some friends and I always had a good time in US so I wanted to share the american experience with my SO.
But if for the same money I can take 2/3 normal vacations or stay a month in Capri..I'm not rushing.
The other thing is due to the K-shaped economic recovery, where companies realized the bottom 90% have no money and don't bother to try for their business at all. Concert tickets have similarly increased in price and decreased in supply.