PwC Manhattan Lodging Index: Q1 2013

May 2013
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PwC Manhattan Lodging Index: Q1 2013

At a glance

In the first quarter, Manhattan's ADR and occupancy levels saw healthy increases, resulting in a robust growth in RevPAR.

During the first quarter of 2013, Manhattan's occupancy levels increased 4.4 percent to 80.0 percent. Pricing power continued to improve as ADR experienced healthy growth, increasing 5.5 percent. This combination led to a 10.2 percent increase in RevPAR in the first quarter, compared to year-ago levels; the highest since the first quarter increase of 10.3 percent in 2008.