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Manhattan Hotel Market Battered by Attack from New Supply

Manhattan Hotel Market Battered by Attack from New Supply

The Manhattan lodging market is likely to end 2019 with an overall decline in RevPAR of 3.9%. Average occupancy for the entire market is likely to decline by 1.4% and average ADR is forecast to fall by 2.5% compared to 2018 as illustrated in the following table. The...
The Growth of Yogyakarta’s Hotel Sector 2003-2018

The Growth of Yogyakarta’s Hotel Sector 2003-2018

Yogyakarta, the capital city of the Special Region of Yogyakarta in Indonesia, continues to capitalize on the Indonesian Government’s initiative to develop ten new tourist hubs across the country, known as the “Ten New Balis”. Located approximately...