Manhattan’s hotel market, which for the past several years has been weighed down by a flood of new rooms, turned a corner in 2018. Revenue per available room – or RevPAR, one of the key metrics used to assess the hotel market’s health – saw positive momentum in 2018 for the first time in three years, according to figures from the hotel-data firm STR. RevPAR grew by 3.4 percent in 2018 from the year earlier […]
source https://therealdeal.com/2019/01/21/manhattans-hotel-market-emerges-from-3-year-slump/
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