2013 Manhattan Hotel Market Overview
By Roland deMilleret, Managing Director at HVS
HVS Global Hospitality Services, in cooperation with New York University's Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, is pleased to present the 16th annual Manhattan Hotel Market Overview. As of March 2013, there were a total of 348 hotels in the Manhattan market encompassing approximately 82,000 rooms. During the 12-month period ending March 2013, these hotels achieved an overall occupancy of 86.7 percent at an average rate of approximately $280.00, compared to an occupancy level of 61.6 percent at an average rate of $107.00 for the nation.
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HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.