LIC Hotel

Hotels · New York, NY

Business Summary

LIC Hotel is a hotel located at 44-02 21st Street, New York, NY, 11101 serving travelers and visitors in New York City. With a digital score of 80, the property maintains a solid online presence across major booking platforms. The hotel benefits from New York's year-round tourism demand and strong corporate travel market.

Location & Competitors

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Neighborhood
Urban entertainment district
Foot Traffic
High — busy Manhattan street
Parking
Limited street parking; valet available
Transit Access
Excellent — subway and bus access nearby

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Z NYC Hotel
0.32km
44/100
Weak
Medium
Ravel Hotel
0.48km
55/100
Average
Medium
42-59 Crescent Street Hotel
0.64km
50/100
Average
Medium
Red Lion Inn & Suites
0.64km
23/100
Weak
Low

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$13M-$28M
Industry Margin22%
Entry Cost$38M-$58M (acquisition/renovation)

Market Analysis

Market Size$15-20 billion NYC hotel market
TrendStable growth post-pandemic; NYC hotel occupancy recovering to 85%+
SeasonalityPeak: Sep-Dec, Apr-Jun; Moderate: Jul-Aug; Low: Jan-Mar

Consumer Trends

Rise of experiential stays, boutique preferences, mobile-first booking, sustainability focus

SWOT Analysis

Strengths

Internal advantages

  • Prime New York City location
  • Strong year-round tourism demand
  • Brand recognition in competitive market
  • Proximity to major attractions and transit

Weaknesses

Areas for improvement

  • Dependence on tourism and business travel cycles
  • Intense competition from numerous hotels
  • Limited parking options

Opportunities

External potential

  • Add rooftop or restaurant amenities
  • Develop unique experiential packages
  • Expand direct booking to reduce OTA commissions

Threats

External risks

  • Short-term rental competition (Airbnb)
  • Shifting business travel patterns post-COVID
  • Rising real estate taxes and regulations

Strategic Recommendations

Quick Wins

Implement this week

Optimize Google Business Profile and TripAdvisor listings

Implement dynamic pricing strategy

Launch email remarketing campaigns for past guests

Growth Strategies

1-3 months

Partner with local experiences and restaurants

Develop loyalty program to increase repeat stays

Add co-working spaces for digital nomads

Risks to Monitor

Ongoing vigilance

Watch for new hotel developments in the area

Prepare contingency for travel demand fluctuations

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Hotel Experience Concierge App

A mobile app connecting LIC Hotel guests with curated local experiences, restaurant reservations, and exclusive NYC events.

2

Pop-up Retail in Hotel Lobby

Partner with local artisans and brands to create rotating pop-up shops in LIC Hotel's lobby, generating additional revenue and guest engagement.

3

Corporate Retreat Planning Service

Offer end-to-end corporate event and retreat planning leveraging LIC Hotel's facilities and NYC attractions.

Digital Score

80/ 100
Excellent

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendStable growth post-pandemic; NYC hotel occupancy recovering to 85%+
Digital Score80/100

Contact Info

44-02 21st Street, New York, NY, 11101, 11101
Used by 200+ businesses

What Top Competitors Already Know

See exactly how LIC Hotel stacks up: revenue projections, competitive blind spots, and 3 growth opportunities other businesses in this market are already using.

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