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 - Hyatt Centric Gaoxin Xi’an Hotel Opens in the Heart of the Xi’an Hi-Tech Zone - Hyatt Hotels Corporation (NYSE: H) Announced Today the Opening of Hyatt Centric Gaoxin Xian, a Lifestyle Hotel Located in the Heart of Xian Hi-Tech Zone. The Hotel Features 231 Guestrooms Including 11 Suites with Balconies and is Located Within Walking Proximity to the Central Business District.