Nearly 90 percent of city bar and restaurant owners couldn’t make their rent last month, while even some big-name hotels are closing for good. New York’s hospitality industry is facing dire straits — grim news for the entire city.

It’s not just the hundreds of thousands of jobs at risk in this sector alone. If Gotham loses the amenities that make it an attractive place to work, live and visit, it will lose residents, commuters and tourists who support many other jobs.

It eats away at tax revenues, too.

In the new NYC Hospitality Alliance survey, 87 percent of city bars, restaurants and nightclubs said they couldn’t pay their full August rent. That’s up seven points from June and up four from July. More than a third reported paying no rent at all. Many are still open only because they’ve been able to cut some deal with the landlord.

And a State Restaurant Association survey found nearly two-thirds of members say that without relief, they’ll likely have to close by year’s end.

On the hotel front, among the Manhattan venues to announce they’re closing are the iconic Hilton Times Square and two Courtyard by Marriott facilities. More will close as the normally busy fall season proves a bust.

This article was sourced from NYPost