PwC Manhattan Lodging Index – Q3 2018
Growth in average daily room rate ("ADR") began to slow from the first half of 2018, minimizing gains in revenue per available room ("RevPAR") for Manhattan hotels. During the third quarter, minimal increases in lodging supply exceeded growth in demand, with occupancy posting declines year-over-year. As pricing power diminished over the summer months for the Manhattan lodging market, RevPAR remained relatively flat over prior year levels, increasing 0.2 percent.
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