
Historical Hotel Performance in Manhattan
Through year-end 2016, demand growth modestly outpaced increases in supply; on a twelve-month moving average, supply increased at 4.9%, compared to 5.4% demand growth. This trend continued through year-end 2017, even as supply in Manhattan continued to register a nearly 5% increase on a trailing-twelve-month basis. For the period through December 2017, 3.7% demand growth outpaced growth in supply of 2.6%.
The trend of inventory growth recorded from 2009/10 through 2017 is anticipated to continue at record levels through the near term. As will be presented subsequently in this report, supply growth is expected to remain strong through 2019.
This is just a sample of what you’ll learn from the Q4-2017 Manhattan Hotel Market Overview:
About Roland deMilleret
About Nicole Roantree
[email protected] or +1 (303) 264-7313
As a Senior Project Manager and Conference Director with HVS, Nicole Roantree contributes to a team of experts who ensure you have solid conclusions on your hotel’s value or feasibility, finding answers to all your questions along the way. In addition to consulting and valuation in the New York area, Nicole also heads up the annual Caribbean Hotel Investment Conference and Operations Summit (CHICOS). Nicole formerly served in a sales role with the Ritz-Carlton Hotel Company. She graduated from New York University with an M.S. in Tourism and Travel Management. She holds a B.S. in International Business and French from Albright College and graduated magna cum laude with a B.A. in Interior Design from Art Institute of Colorado. Contact Nicole at
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