The New York City borough of Manhattan is among the strongest, most diverse, and most dynamic hotel markets in the world.

Through year-end 2018, occupancy had remained above 85% for a consecutive 79 months, and average rates had begun trending upward.

The reversal of the average rate trend follows nearly three straight years of declines.

Additionally, record levels of new supply are anticipated to continue through 2019.

This report examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the local lodging industry in the near term.

Request a copy here.