New York, NY

Introduction

This report analyzes New York City’s lodging market for 4Q 2024, covering various hotel classes from Luxury to Economy. NYC’s diverse economy, led by finance and healthcare, drives demand, although high costs and out-migration pose challenges.

The market is ranked as top-tier, indicating strong investment potential. Occupancy, ADR, and RevPAR data are provided across all hotel categories. Each class is examined, including performance rankings, notable hotels, and trends.

The report also includes analysis of brand representation, investment risk, air passenger traffic, and published rates. It concludes with a look forward at the market’s strengths and challenges.

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Podcast

MarketCompass Lodging Reports

The Horwath HTL MarketCompass Lodging Reports are produced quarterly and provide in-depth analysis for investors and economists on the lodging market. The reports begin with a detailed overview of the market area, focusing on economic characteristics, followed by an analysis of each of the six hotel classes: Luxury, Upper Upscale, Upscale, Upper Midscale, Midscale, and Economy.

The “Market Anatomy” section covers key economic drivers such as air passenger statistics, bond ratings, and other factors influencing the local economy. The reports also present key metrics for each hotel class, including room revenue, pricing, supply, and demand, with historical data dating back to 1990. Additionally, the report includes an analysis of hotel company brand representation by room count and meeting space, investment rates, risk, and air passenger throughput. Forward-looking published rates and a comprehensive interpretation of factors affecting future lodging performance are provided. The report concludes with detailed tables of data, including occupancy, guest-paid ADR, and RevPAR metrics.

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Markets Covered

Alaska State Area  •  Albany, NY •  Albuquerque, NM •  Allentown-Reading, PA  •  Atlanta, GA  •  Augusta, GA  •  Austin, TX  •  Baltimore, MD  •  Birmingham, AL  •  Boston, MA  •  Buffalo, NY, California Central Coast  •  Central New Jersey  •  Charleston, SC  •  Charlotte, NC  •  Chattanooga, TN  •  Chicago, IL  •  Cincinnati, OH  •  Cleveland, OH  •  Colorado Springs, CO  •  Colorado State Area  •  Columbia, SC  •  Columbus, OH  •  Connecticut State Area  •  Dallas, TX  •  Daytona Beach, FL  •  Denver, CO  •  Des Moines, IA  •  Detroit, MI  •  Florida Keys  •  Fort Lauderdale, FL  •  Fort Myers, FL  •  Fort Worth-Arlington, TX  •  Gatlinburg-Pigeon Forge, TN  •  Grand Rapids-Michigan West  •  Greensboro-Winston Salem, NC  •  Greenville-Spartanburg, SC •  Harrisburg, PA  •  Hartford, CT  •  Houston, TX  •  Indiana North State Area  •  Indiana South State Area  •  Indianapolis, IN  •  Inland Empire, CA  •  Jackson, MS  •  Jacksonville, FL  •  Kansas City, KS-MO  •  Kauai Island, HI  •  Knoxville, TN  •  Las Vegas, NV  •  Lexington, KY  •  Little Rock, AR  •  Long Island, NY  •  Los Angeles, CA  •  Louisville, KY  •  Lower Hudson Valley, NY  •  Macon-Warner Robins, GA  •  Madison, WI  •  Maine State Area  •  Maui Island, HI  •  McAllen-Brownsville, TX  •  Melbourne, FL  •  Memphis, TN  •  Miami, FL  •  Michigan North State Area •  Michigan South State Area  •  Milwaukee, WI  •  Minneapolis, MN  •  Mobile, AL  •  Myrtle Beach, SC  •  Nashville, TN  •  New Jersey Shore  •  New Orleans, LA  •  New York, NY  •  Newark, NJ •  Norfolk-Virginia Beach, VA  •  North Dakota State Area  •  Oahu Island, HI  •  Oakland, CA  •  Oklahoma City, OK  •  Omaha, NE  •  Orange County, CA  •  Orlando, FL  •  Palm Beach, FL  •  Philadelphia, PA  •  Phoenix, AZ  •  Pittsburgh, PA  •  Portland, ME  •  Portland, OR  •  Raleigh-Durham-Chapel Hill, NC  •  Rhode Island State Area  •  Richmond-Petersburg, VA  •  Rochester, NY •  Sacramento, CA  •  Saint Louis, MO  •  Salt Lake City-Ogden, UT  •  San Antonio, TX •  San Diego, CA •  San Francisco, CA  •  San Jose-Santa Cruz, CA  •  Sarasota, FL  •  Savannah, GA  •  Seattle, WA  •  South Carolina State Area  •  Syracuse, NY  •  Tampa, FL  •  Tucson, AZ  •  Tulsa, OK  •  Washington, DC •  Washington State Area