Manhattan’s hotel market emerges from 3-year slump

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 […]

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