The New York City borough of Manhattan is among the strongest, most diverse, and most dynamic hotel markets in the world. Manhattan’s resiliency has been borne out over the course of recovery from three national recessions in the past 25 years. Presently, its lodging market is in the midst of a significantly prolonged recovery, compared with that from past recessions. This extended recovery is expected to be aided by massive new neighborhood developments, a strong national economy, and, by extension, the wide array of leisure, commercial, and meeting and group demand generators in the borough. The chief hindrance to an accelerated recovery is the current supply pipeline, extending through 2018, and its negative effect on average rate in the market. The 2015 HVS Manhattan Lodging Overview provides detailed insight and data-rich graphs, charts, and tables in order to track the trajectories of hotel supply, demand, and performance.
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