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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.

New yorkUnited statesEast rutherfordNew jerseyPatricia shihOffice of special enforcementEffect on hotel guestroom inventoryYork city department of homeless servicesCity councilCitywide hotels text amendmentRoosevelt hotel in midtown manhattanRelief centerHotels as temporary shelter facilitiesPandemic momentumHotel guestroomGuestroom inventory status