Hotel construction in New York City as of 2010 was on the rise, as plans for 36,000 new hotel rooms were filed. According to Curbed New York, "plans for only 512 hotel rooms in six buildings have been filed throughout the city since January 2016". What could be the reason behind such a sharp decline in construction in one of the largest and most popular cities to visit in the world? It is most definitely not due to a decline in the number of tourists visiting New York. In 2015 alone 59 million people visited NYC. Airbnb and other share home websites most likely have had the largest impact on the hotel industry. With rooms down to an average $266 a night (the lowest average rate since 2009) it will be fascinating to watch how developers plan on drawing customers back in. Kitchens? Netflix? Living Rooms? Free Wi-Fi?