With well-heeled tourists replaced by penniless refugees from Venezuela, Peru, and Ecuador, revenue has plunged.
Total sales for menu items like $2.50 cups of coffee and $10 acai bowls are down 75% some days. The cafe used to clear $2,000 on a good day in January but now might ring up only $500.
Restaurants owners in the area cried that once-bustling Rector Street has descended into a ghost town, which also keeps customers away. Liberatos says once-bustling Rector Street has become a ghost town since the Holiday Inn began housing migrants.Businesses near the ritzy Row NYC hotel in Times Square similarly have found themselves hurting as of late last year, when the cityGustavo Rosario, manager of the Iron Bar & Grill located across the street, estimated that Row NYC guests made up more than 25 percent of his customers.
Tourists at the ritzy Row NYC hotel were previously reliable source of customers for nearby businesses.Asif Sarker, who manages the I [Love] NY Gifts next door to Row, said sales for his store’s mementos such as $55 Fire Department sweatshirts and landmark snow globes have plunged 75 percent since migrants moved in.
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