2010 Manhattan Hotel Market Overview

Despite the worst recession since the Great Depression, a staggering credit crisis involving New York City’s financial sector, and a substantial influx of new lodging supply, Manhattan is a real success story, remaining the top hotel market in the U.S. in 2009. Tourism fell less than expected, and for the first time in 20 years, New York City became the most popular tourism destination in the country, surpassing Orlando.