By Roland deMilleret, MAI and Erin Bagley
The New York City borough of Manhattan is among the strongest, most diverse, and most dynamic hotel markets in the world.
The 2015 HVS Manhattan Lodging Overview examines the effects of up and down economic cycles on Manhattan hotels, reviewing trends in hotel performance, supply, and demand over the past 25 years. The report also provides the most current information available on today’s market, as well as forecasts for supply growth and hotel performance.
Putting Hoteliers in the Know
Historically, demand in Manhattan has grown faster than the rate of new hotel development, helping shield the city’s lodging market from the effects of economic fluctuations even as local room supply expands. HVS expects hotel supply in the Manhattan market to increase by 4.1% in 2015, by 4.5% in 2016, and again by 6.5% in 2017.
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. Together, these insights shed light on the most current factors affecting the hotel landscape in Manhattan-critical market intelligence that hotel developers, lenders, owners, and brand representatives can put to use.
Critical Intelligence for Hotel Stakeholders in Manhattan
Here is just a sample of what you’ll learn from the 2015 Manhattan Hotel Market Overview:
To receive a complimentary copy of the full report, please contact HVS New York
