2015 looks good for Manhattan hotel market

It might be a while away, but over the next five years, Manhattan hotel occupancy will increase to 84.4 percent, according to The Real Deal’s 2010 Data Book (see charts on recent hotel development below). Revenue per available room, or revpar, will rise to $303 in 2015, after a decline of 6.5 percent this year and 0.5 percent next year, data from hotel consulting firm HVS indicates. In addition to the revpar decline so far this year, 2010 will see further occupancy and room rate declines, HVS predicts. To purchase the 2010 Data Book, click on the magazine cover, click here or see the link at the top of The Real Deal Web site. TRD
Data Book 2010