A delegation of hostel owners and executives from around the world is pushing the New York City Council to allow licensing of hostels, saying the city is missing out on up to $500 million in annual tourism and tax revenue.

The group during a visit to New York on Wednesday asked for a public meeting on council Bill 699, which they say would fix a 2010 state law that inadvertently banned hostel occupancy. They plan to meet with Councilwoman Margaret Chin, sponsor of the bill, and Jumaane Williams, who chairs the committee on housing and buildings. Hostels provide inexpensive accommodations, often in dormitory settings, aimed typically at young travelers.

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