As of March 2013, there were a total of 348 hotels in the Manhattan market encompassing approximately 82,000 rooms. During the 12-month period ending March 2013, these hotels achieved an overall occupancy of 86.7 percent at an average rate of approximately $280.00, compared to an occupancy level of 61.6 percent at an average rate of $107.00 for the nation. During the same period, the total room supply in Manhattan was approximately 29.5 million, generating total rooms revenue of $7.2 billion. Although total room supply in Manhattan accounted for 1.6 percent of the total supply in the United States, the market generates approximately 6.1 percent of total rooms revenue for the country.
As of the first quarter of 2013, half the room supply is affiliated with traditional brands (i.e. Hilton, Marriott, Starwood, IHG, etc), and over a third is independent. The remaining room supply consists of boutique brands such as the Standard, Gansevoort, Kimpton, Affinia, Thompson, and Morgans hotels.
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