The New York City hotel market experienced a decline in RevPAR and ADR in 2016 and 2017, but 2018 has shown significant improvements year-to-date. All metrics have shown positive increases, led by RevPAR growth of 5.3%. ADR rose 3.4%, and occupancy grew 1.8 percentage points. Second quarter statistics show similar results, with growth across the board.

Read the complete snapshot.