Manhattan Lodging Index – Q2 2018
Average daily room rate ("ADR") was up for the sixth consecutive month, driving continued strength for Manhattan hotels in revenue per available room ("RevPAR") growth during Q2. During the quarter, growth in lodging demand continued to exceed increases in room supply, with occupancy posting gains quarterover-quarter and year-over-year. As pricing power appeared to finally return to the Manhattan lodging market, RevPAR increased 4.
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