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HVS Report & Navigating the Longer Road Back: The Recovery of Manhattan’s Hotel Market & By Roland DeMilleret and Patricia Shih
The Manhattan market has been experiencing a prolonged post&pandemic occupancy recovery, despite strong ADR gains. Although legislative and supply changes should bolster this recovery, recent geopolitical factors and the tariffs and policy changes enacted by the new federal administration are expected to affect short&term hotel market trends. Our current demand forecast shows a full recovery beyond 2019 levels by 2027/28.
The Manhattan market has been experiencing a prolonged post&pandemic occupancy recovery, despite strong ADR gains. Although legislative and supply changes should bolster this recovery, recent geopolitical factors and the tariffs and policy changes enacted by the new federal administration are expected to affect short&term hotel market trends. Our current demand forecast shows a full recovery beyond 2019 levels by 2027/28.
