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Big Growth For Manhattan Hotel Market
Ahh, Manhattan, the place where everything is always growing.
By year-end 2005 Manhattan is poised to exceed 2000 occupancy and average rate levels.
According to HVS International, a global hospitality consulting firm, in conjunction with New York University's Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, just completed their 2005 Manhattan Hotel Market Overview which basically says that the Manhattan market is blowing up.
Also, Boutique Hotels seem to be the segment most attributed to the high growth rate. Both the Hotel Gansevoort and Hotel Rivington get a shout out. For more technical / statistical information see the story below.
Related Stories:
· Manhattan Hotel Growth [Hotel News Resource]
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