PwC Manhattan Lodging Index – Q4 2018

/PwC Manhattan Lodging Index – Q4 2018

PwC Manhattan Lodging Index – Q4 2018

|2019-03-01T12:42:42-05:00March 1st, 2019|
  • Revenue per available room (“RevPAR”) reached the highest fourth quarter average since 2006, as growth in average daily room rate (“ADR”) rebounded at Manhattan hotels.
  • During the quarter, lodging supply, which continued to outpace growth in demand, resulted in declines in occupancy.
  • With strong commercial traveler demand during the first half of the quarter, coupled with price-elastic holiday tourism in the latter half, Manhattan room rates finished the quarter at an average of $328 per night.

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