Skip to main content
Advertisement

Topic - Market Report Manhattan

Market Report Manhattan
Manhattan Skyline

PwC Manhattan Lodging Index Q4 2023

The rate of growth in occupancy, average daily rate and revenue per available room, while strong, continued to decelerate as the market moves on a path towards stabilization. Lower-priced hotels benefited from the customer's level of rate fatigue being felt in the market, with ADR growth levels for midscale properties triple that of higher-priced hotels in Q4. 2023 RevPAR experienced a year-over-year increase of 16.5 percent, with Q3 seeing an increase of 13.6 percent and Q4 being up 11.5 percent.

Market Report Manhattan
Manhattan Skyline

PwC Manhattan Lodging Index Q2 2023

The rate of growth in occupancy, average daily rate and revenue per available room decelerated considerably in Q2, with room rate fatigue effecting growth in the higher-priced hotel categories.

Market Report Manhattan
Manhattan Skyline

PwC Manhattan Lodging Index Q4 2022

Increases in occupancy, ADR and revenue per available room (RevPAR) continued to accelerate across Manhattan during the second half of 2022. Q4 RevPAR experienced a year-over-year increase of 54.2 percent, with the strongest gains in October - up 85.8 percent. Q3 RevPAR increased 75.1 percent from the same period in 2021.

Market Report Manhattan
Manhattan Skyline

PwC Manhattan Lodging Index Q2 2022

Increases in occupancy, ADR and RevPAR continued to accelerate across Manhattan during the first half of 2022. Q2 RevPAR experienced a year-over-year increase of 166.8 percent, with the strongest gains in April, which experienced a year-over-year increase of 220.4 percent. Q1 RevPAR was also up 135.7 percent from the same period in 2021.

Market Report Manhattan
Manhattan Skyline

PwC Manhattan Lodging Index: Q4 2021

Increases in occupancy, ADR and RevPAR accelerated across Manhattan during the fourth quarter, as vaccination levels increased across the city during second half of the year and the city continued to reopen following the depths of the pandemic.

Market Report Manhattan
Manhattan Skyline

PwC Manhattan Lodging Index: Q2 2021

Increases in occupancy, ADR and RevPAR accelerated across Manhattan during the second quarter, as the vaccine rollout gained traction in Q1 and early Q2, and the city began to relax restrictions put in place at the height of the pandemic. Off an easy comp (Q2 2020), second quarter RevPAR experienced a year-over-year increase of 103.4 percent, heavily weighted to performance during the month of June.

Market Report Manhattan
Manhattan Skyline

HVS Report - Manhattan Lodging Overview Summary – Q4 2020 - By Chris Fernandes , Anne R. Lloyd-Jones and Roland DeMilleret

The New York City borough of Manhattan has historically been among the strongest, most diverse, and most dynamic hotel markets in the world. Now almost one year into the COVID-19 pandemic, sustained business closures in New York City have resulted in little to no improvement in lodging performance since the pandemic began. When will New York begin to see meaningful recovery, and how long before the lodging performance returns to pre-pandemic levels?