HVS Manhattan Lodging Report Q4-2017

Roland deMilleret | March 8, 2018

by Roland deMilleret and Nicole Roantree 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 since 1989. The following 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. Historical Hotel Performance in Manhattan Through year-end 2016, demand growth modestly outpaced increases in supply; on a twelve-month moving a...