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New York City Hotel Performance Accelerates in the Fall

September and October Average Rates Highest on Record While Revenue Surpasses 2019 Levels

The return of group and business travel to New York City drove the city's highest average daily rate on record for September and October.  (CoStar)
The return of group and business travel to New York City drove the city's highest average daily rate on record for September and October. (CoStar)

New York City’s hotel operating fundamentals continue to post strong recovery this fall, with September and October revenue per available room —an industry standard metric of hotel performance — exceeding 2019 levels.

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