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Sandy proves to be windfall for Times Square hotels

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Hotels in Times Square had nearly 90 percent occupancy after Hurricane Sandy made landfall, DNAinfo reported, citing Times Square Alliance data. In addition, average room rates increased to amounts more typically seen in peak travel season. In November alone, hotels in the area reached their highest occupancy rates since 2003, with average room rates ticking in at $307. “It was a strong month across the board. For Broadway, for pedestrian traffic. Much of that was [more]

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