Manhattan Hotel Market Overview | HVS International

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 eleventh annual Manhattan Hotel Market Overview.

Manhattan hotels pushed their aggregate performance to new heights in 2007, setting records for occupancy, average rate, and RevPAR. Occupancy in the leading hotel market in the U.S. rose to 85.9%, while average rate soared to $298.81. For the fourth consecutive year, RevPAR recorded double-digit growth in 2007, climbing 14.3%, indicative of the continued strength of the Manhattan lodging market.