financeasianhospitality.com··1 min·For: Owner, Investor, Revenue, GM
Manhattan Hotel RevPAR Climbs 4.5% on ADR Surge
Manhattan hotels saw RevPAR increase 4.5% in the first half of 2026, driven by a 6.3% rise in ADR despite a minor dip in occupancy. Robust transaction volume and office leasing continue to bolster investor confidence and midweek corporate demand.
Key Takeaways
- 1RevPAR increased 4.5% to reach an 80.7% average occupancy, led by a 7.9% RevPAR jump in the luxury sector.
- 2Transaction volume more than doubled year-over-year to $934 million, highlighted by the $320 million sale of The Ritz-Carlton Central Park.
- 3Office leasing rose 12.6% to 17.7 million square feet, supporting corporate travel while new supply remains constrained by strict zoning.
Source: asianhospitality.com
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