Manhattan Lodging Index: Q2 2012

September 2012
  • Print-friendly version
Manhattan Lodging Index: Q2 2012

At a glance

In the second quarter, Manhattan's occupancy levels continued to see improvements occur at a decelerating pace, while the pace of average daily rate ("ADR") growth accelerated, resulting in a healthy increase in revenue per available room("RevPAR") levels.

During the second quarter of 2012, Manhattan's occupancy levels increased 2.0 percent to 88.9 percent, showing signs of a deceleration after a year of steep occupancy gains.

With occupancy levels surpassing recent peaks, Manhattan hotels reset prices, resulting in a 5.2 percent increase in ADR. This combination led to a 7.3 percent increase in RevPAR in the second quarter, compared to year-ago levels.