From the April issue: Manhattan’s hotel industry got a much-needed boost when its gold-standard metric turned a corner at the end of 2017. Revenue per available room — known in industry lingo as RevPAR — rose in 2017’s fourth quarter for the first time in more than two years, according to a report from PricewaterhouseCoopers. Citywide, the trend stuck into January and February, the most recent months on record, with RevPAR increasing 4.8 and 3.6 percent, […]
source https://therealdeal.com/issues_articles/a-mini-boost-for-nycs-hotel-sector/
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