The city’s tourism promotion agency, NYC & Company, estimates that the number of visitors will increase again this year, to a record 61.8 million, from 60.5 million in 2016, an increase of slightly more than 2 percent. That would make 2017 the eighth straight year in which tourism hit a new high, NYC & Company said.

The projected annual increase in tourism this year will come despite the first decline in the number of international visitors to the city since 2009, ...

While optimism in the luxury sales segment was strong during the favourable spring market, sales are now slowing down and brokers are decidedly more anxious.

After a rocky 2016, the industry had high hopes for 2017. And the start of the year did indeed seem promising. But things began changing just after the year’s midpoint.

The luxury market logged its worst summer in terms of the number of contracts signed since 2012, according to data from Olshan Realty. While luxury contracts are ...