Market Report: Manhattan
By Paul Breslin CHA, CHE, ISHC on August 23, 2016
Paul Breslin and Julia Zhang of Horwath HTL Atlanta, GA, USA, have written our latest Special Market Report, focusing on Manhattan’s hotel market.
Clearly NYC has been in the news all year, “decelerating Revpar”, “adverse supply growth”, and of course the ever growing buzz of Airbnb. The city that never sleeps may absorb the new supply and have a rebound sooner then we think, or will the demand slow and supply increase even more? Will the demand continue to grow? The Horwath HTL NYC 2016 mid year market update may surprise you.