Analyst group releases optimistic forecast for Manhattan hotels

12/18/2012 | HotelsMag.com (free registration)

Robert W. Baird & Co. projects that revenue per available room at Manhattan hotels will follow the national average of 5% to 6% in 2013. The company expects moderate supply growth of 4.6% and 4.0% in 2013 and 2014, respectively. Above-peak occupancy is expected to drive hotels' pricing power in 2013, with incremental demand from New York's outer boroughs forecast to match the influx of new supply to preserve pricing integrity at hotels in the area.

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