Article - HVS Hotel Market Report Manhattan - Post-Pandemic Momentum in Manhattan - By Roland DeMilleret and Patricia Shih - The Manhattan market was severely affected by the COVID-19 pandemic but has been experiencing a rebound, primarily driven by strong gains in average rate over the last three years. Legislative and supply changes are expected to positively affect hotel market trends going forward, and our demand forecast shows a rebound beyond 2019 levels by 2025.
The Manhattan market was severely affected by the COVID-19 pandemic but has been experiencing a rebound, primarily driven by strong gains in average rate over the last three years. Legislative and supply changes are expected to positively affect hotel market trends going forward, and our demand forecast shows a rebound beyond 2019 levels by 2025.
Article - HVS Market Report - Brooklyn Hotel Industry Continues to Blossom in the Post-Pandemic Period- By Patricia Shih - All five New York City boroughs were heavily affected by the COVID-19 pandemic. The strength of Brooklyn as a commercial center is partly attributed to the downtown core, distinct neighborhoods, public green spaces, and ease of access to/from Manhattan. These factors, combined with the availability of developable land, have continued to boost the Brooklyn market, especially in the post-pandemic period.
Market Snapshot: Legislation drives change for NYC hotels hotelmanagement.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hotelmanagement.net Daily Mail and Mail on Sunday newspapers.