Successful Start for NYC Hotels - Hotel Real Estate in New York City

Hotel demand is on the rise. There is every reason to be optimistic about the future of New York City hotels.
Buyers and sellers of NYC hotels – 2011 is YOUR year.

The current rise in hotel demand is a pleasant surprise – even for experts such as Colliers PKF Hospitality Research and Smith Travel Research. Industry leaders had not predicted the rapid growth making itself evident at the close of 2010 and start of the New Year.

noticeable increases in Revenue per Available Room (RevPAR) are fueling the U.S. hotel industry. (Charts 1&2)

Strengthening Economy

It would be foolhardy to ignore that the country is in a recovering economy – but an ever-strengthening economy. During 2011, the NYC hospitality business will see even better results than last year. In 2010, Smith Travel Research (STR) released encouraging statistics. This knowledgeable group predicted that hotel demand would rise by 7.4% with a 2% increase in supply. 

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