Hotel & Tourism Market Data | Downtown Alliance

Hotel & Tourism Market Data


Lower Manhattan Hotel & Tourism Market, Q3 2017

 

Hotel Development

  • Number of Existing Hotel Rooms: 6,808 hotel rooms in 31 hotels, up 280% since 2002

  • Number of Hotel Rooms in Pipeline: 1,996 hotel rooms in 14 hotels, up 433% since 2002
     

Hotel Metrics

  • Hotel Average Daily Room Rate (ADR): $263, up 10% year-over-year

  • Hotel Occupancy Rate: 90%, steady year-over-year
     

Tourism

  • 2016 Annual Tourism Count1: 614.8 million unique visitors, up 5% from 2015

  • Top Five International Tourist Markets Visiting Lower Manhattan1:

  • United Kingdom
  • Germany
  • Spain
  • France
  • Australia

 

1Audience Research & Analysis

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Research Inquiries

Alison Baumann
Assistant Vice President of Research, Economic Development

abaumann@downtownny.com

 

Reports

PipeLines