PwC Manhattan Lodging Index: Q2 2013

September 2013
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PwC Manhattan Lodging Index: Q2 2013

At a glance

In the second quarter, Manhattan's ADR growth slowed, which combined with flattening occupancy to result in a modest RevPAR growth.

The robust RevPAR growth experienced in recent quarters slowed dramatically in the second quarter of 2013, due in part to capacity constraints at many properties, as Manhattan hotels approached 90.0 percent occupancy.

ADR continued to grow, although at a decelerated pace, increasing 3.7 percent. This combination led to a 3.4 percent year-over-year increase in RevPAR in the second quarter, significantly below the 10.2 percent increase experienced in Q1.