Strong ADR growth in all three months drove robust RevPAR growth of 9.9percent for the third quarter

The Manhattan market continued to grow at a strong pace in the thirdquarter, driven primarily by average daily rate (ADR). Third quarterADR increased to $307.29, 8.6 percent above the same period last year.Occupancy increased a moderate 1.2 percent to 88.5 percent, limitedprimarily by a 0.8 percent decrease in September. Year-to-date resultsthrough September reflected similar strong growth trends, with ADRincreasing 7.8 percent, resulting in an ADR of $295.73 and a RevPAR of$253.42.

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