New York Hospitality Market Report

Luxury properties drive growth in the nation’s most occupied lodging market. In addition to America250 events, New York will host FIFA World Cup matches this summer, including the final, drawing elevated domestic and international visitation. A meaningful share of that demand is expected to concentrate in high-end hotels in Manhattan. Supported by these tailwinds, marketwide demand and revenue are projected to increase faster than in 2025. Although a wave of new supply will place modest pressure on occupancy and ADR growth, full-service — particularly luxury — properties are positioned to outperform, with RevPAR gains exceeding 5 percent. At the submarket level, more affordable areas of Brooklyn and Queens with convenient access to Manhattan should post the strongest demand growth. Downtown Manhattan, due to its concentration of attractions, should generate one of the highest RevPAR gains. Midtown South, leveraging strong transit connectivity to New Jersey stadiums and major tourist destinations, is poised to surpass 90 percent occupancy, positioning it as the tightest major submarket nationally.