We stayed behind closed doors for half a year，Library 188bet online live casino reopens on September 10th。To attract guests，The 188bet online live casino prices the room at 5/night，Robert Rawlins, general manager of the 188bet online live casino, told China Business News，This price has been discounted by half compared to the same period last year，But there are still very few guests。

The 188bet online live casino is empty and the occupancy rate dropped from 92% to 5%

The Library 188bet online live casino is located at the intersection of Madison Avenue and 41st Street in New York City，10 minutes walk to Times Square、Empire Building，15 minutes to Broadway Theater District，Just one step away from Central Station。

Before the epidemic，The Library 188bet online live casino is popular with international tourists and business people due to its prime location，The 188bet online live casino occupancy rate remains around 92% all year round，However, half a year has passed，It’s a world of difference。Rollins introduced，Occupancy rate after resumption of operations is between 5-10%，The guests are mainly newlyweds、Birthday boy，There are also tourists or business people visiting by car from New York or New Jersey。

“At the beginning of the epidemic in March，The industry expects to gradually resume work in about 6 months，But you also saw，Heaven does not follow human wishes，Reality is not like this。The biggest challenge in the future is，No one knows when the end will be，It’s the end of this year、Next spring，Still in the future？"Henry Kallan, Chairman of Library 188bet online live casino Group, told China Business News。

Operating at a loss after reopening, burning more than 100,000 US dollars a day

Karan operates four boutique hotels in New York City。Before the epidemic，Four hotels with annual revenue of approximately US million，However, these hotels will all close from March to September this year。Karan’s estimate，Total revenue loss of US million，Even if it reopens now，It is also a loss-making operation。He used the Library 188bet online live casino as an example，Calculate an account for us。The operating cost of a 188bet online live casino consists of the following parts: First, daily expenses，Including employee salary、Water, electricity and coal、Insurance, etc.；The second is the real estate tax paid to the government；The third is loan interest paid to banks or other borrowers。

To save costs，Karan makes some operational adjustments。Original 300 employees in four hotels，Only 10% are currently back at work，This move can reduce daily expenses by 60 to 70%，Karan has also discussed with the bank about deferring loan interest payment for 3-6 months，Even so，Library 188bet online live casino’s monthly operating costs are still as high as 0,000，Meanwhile，The income is pitiful。

Not every 188bet online live casino can afford the heavy reopening costs，For example, the Hilton Times Square 188bet online live casino will be closed indefinitely starting in October，Involving 478 rooms and 200 employees，When to restart depends on the outcome of discussions with banks and the recovery of the industry。Karan said，Since the outbreak，About two thousand hotels in New York City have announced their closure。

Asked why we should resume operations at a loss，Karan said，Library 188bet online live casino Group Financing、Development、Management in one，“We cannot stay out of it，Otherwise the bank will take away the 188bet online live casino property，This is the main difference between us and international 188bet online live casino brands。We are currently using our own reserve funds，Difficulty maintaining operations。”

Chen Mingming, senior vice president of Jones Lang LaSalle 188bet online live casino Group, told China Business News，There are reports that 20% of 188bet online live casino rooms in Manhattan have been permanently closed，It will take time to prove the true situation of the industry。But overall，The New York 188bet online live casino industry is changing，Some hotels choose to close，Those hotels that insist on reopening adopt special operating methods，Ensuring operations remain safe。

According to industry data company STR statistics，The week of August 23-29，U.S. 188bet online live casino occupancy rate 48.2%，Decreased by 27% compared with the same period last year.7%，The average room price (ADR) is only 98.USD 39，Down 23% year-on-year.2%，At the end of March when the epidemic was the most serious，188bet online live casino occupancy rate drops to 22%。188bet online live casino operators don’t have many options，If you don’t operate at a loss，Only closed store、Change of ownership or converted into a residence。

Surviving the 911 terrorist attacks and the financial crisis，Recovery is only a matter of time

The Library 188bet online live casino opened in 2000，Exactly one year before the "911 terrorist attacks"，The dramatic thing is，Just the day before "911"，Karan left New York by plane for Prague。

“The day of the terrorist attack，My 188bet online live casino partner told me，‘There’s a war in New York’。My reaction is，How is it possible？It’s crazy！”Reminiscing about the time when the 188bet online live casino industry was revitalized，Karan sighed，“I still remember it freshly，I did not lay off any employees after the terrorist attack，Less than a year，Market demand and operating conditions have completely returned to pre-terrorist attack levels。Then we experienced the financial tsunami in 2008-2009，Previous crises，We all know what the problem is，Although I know the problem now，But there is no effective solution yet。”

Karan and Chen Mingming both think，The introduction and popularization of vaccines can restore consumer confidence，Let the industry recovery come early。Chen Mingming said，around American Labor Day in early September，People’s travel demand has rebounded，Although air travel remains restricted，But self-driving tours are popular。“Before the epidemic，New York 188bet online live casino occupancy rate remains at 85% all year round，Showing the resilience of New York’s 188bet online live casino industry，Demand for both business and leisure travel is strong。If we look back at past crises，New York is always the fastest rebounding market，We firmly believe that New York can return to pre-epidemic levels，It’s just a matter of time。”

Karan expected，It will take 12-24 months for the industry to return to pre-epidemic levels。“When the market picks up，Those who survived、A 188bet online live casino that does not give up its business can become stronger，Because the market supply will be reduced by then、Reduced competition，The backlog of tourist demand during the epidemic will be released。”

*Source of this article: China Business News, forAuthor: Li Ailin, original title: "Global War Epidemic Diary丨More than 100,000 U.S. dollars are burned every day，Why 188bet online live casino hoteliers insist on reopening》.