I think they just mean people will stay in New Jersey - which would be extremely plausible if NJ allowed more hotels to be built. Most of the tourist stuff in NYC is in midtown which is a 15/20 minute public transit ride from the port authority/penn station/broadway area.
I have family that stays in Stamford Connecticut whenever they want to do stuff in NYC, because they find it cheaper/easier to stay there and take the train in.
I wouldn’t see the problem with that. Tourists would still flock to NYC during the day and businesses need not worry from a drop in business, it’ll work out.
So tourists still spend all their time/money in NYC, with the exception of paying for sleeping accommodations (and taking up beds) there? Isn't that the ideal goal of this legislation?
Hotel tax is one of the easiest ways governments collect taxes from people who are not its own citizens - in NY its 6 percent.
I am understanding of the arguments against Airbnb's, but they really need to allow more hotels to be built. The amount of money they can bring in (raised entirely from people out of state) is large and shouldn't be thrown away.
I have family that stays in Stamford Connecticut whenever they want to do stuff in NYC, because they find it cheaper/easier to stay there and take the train in.