Click the 'X' in the top right corner to close this window.
Manhattan Lodging Index: Q1 2012
June 2012
At a glance
In the first quarter, Manhattan's occupancy levels saw significant improvement, while average daily rates ("ADR") continued to recover slowly, resulting in a robust increase in revenue per available room ("RevPAR") levels.
During the first quarter of 2012, Manhattan's occupancy levels increased 6.7 percent to 76.9 percent, continuing the trend seen in the second half of 2011. Manhattan hotels continued to regain pricing power, although at a slower rate, resulting in a 1.4 percent increase in ADR. This combination led to an 8.2 percent increase in RevPAR in the first quarter, compared to year-ago levels.
Of further interest