PwC: 58% of Manhattan Room Inventory Remains Closed
NEW YORK—The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures remained the new normal,
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PwC: In Manhattan, Upscale Properties Suffered Sharpest Q1 RevPAR Decline
NEW YORK—PwC has released its “Manhattan Lodging Index: Q1 2020.” In March 2020, the COVID-19 pandemic swept the nation, and brought a stay-at-home order
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PwC: Manhattan Saw Dip in ADR, Occupancy in Q2
NEW YORK—During the second quarter of 2019, RevPAR in Manhattan fell 2.2%, as both ADR and occupancy declined. Demand did not keep up with
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PwC: In Q1, Manhattan Saw Significant Dip in RevPAR, ADR
NEW YORK—Revenue per available room (RevPAR) fell to the lowest first quarter average since 2011, as average daily room rate (ADR) declined across all
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