NYC hotels finished the most recent quarter with an average occupancy of 87.2% in Q4 2023, the strongest level since before the pandemic return took hold. Behind that rebound, revenue and spending power shifted sharply by neighborhood and traveler type, from Manhattan’s luxury surge to budget occupancy that lagged at 76.5%. Here’s how staffing, pricing, and room supply moved together across the five boroughs and what that tension means for where the market is headed next.
Key Takeaways
- NYC hotels generated $9.8 billion in revenue in 2023, up 14% YoY
- Manhattan contributed $6.2B to hotel revenue 2023
- Brooklyn hotels revenue $450M in 2023 growth
- NYC hotel employment totaled 45,200 full-time jobs end-2023, up 5% YoY
- Manhattan hotels employed 28,500 workers in 2023
- Brooklyn hotel staff grew 12% to 3,800 in 2023
- In Q4 2023, New York City hotels achieved an average occupancy rate of 87.2%, marking the highest quarterly figure since pre-pandemic levels
- Manhattan's luxury hotels reported a 91.4% occupancy in December 2023, driven by holiday travel
- Brooklyn hotels saw occupancy climb to 82.1% in 2023 year-to-date, up 15% YoY
- NYC Average Daily Rate (ADR) for hotels rose 8.2% YoY to $312.45 in 2023
- Manhattan luxury hotel ADR reached $512.30 in December 2023
- Brooklyn ADR averaged $245.67 in 2023, up 12% from 2022
- NYC hotel RevPAR grew 12.4% YoY to $260.78 in 2023
- Manhattan RevPAR hit $456.20 in Q4 2023 luxury segment
- Brooklyn RevPAR $201.34 in 2023, up 18%
In 2023, NYC hotels hit $9.8B revenue with rising occupancy and ADR, while jobs neared 2019 levels.
Related reading
01 · Category
Economic Impact4 stats
01
NYC hotels generated $9.8 billion in revenue in 2023, up 14% YoY
02
Manhattan contributed $6.2B to hotel revenue 2023
03
Brooklyn hotels revenue $450M in 2023 growth
04
Midtown events drove $1.8B revenue 2023
Interpretation
Economic Impact Interpretation
The soaring hotel revenues prove that New York City remains a resilient beast of a destination, where even a post-pandemic Manhattan can casually haul in billions while Brooklyn's quieter boom and Midtown's event-driven frenzy write their own lucrative subplots.
02 · Category
Employment Labor28 stats
01
NYC hotel employment totaled 45,200 full-time jobs end-2023, up 5% YoY
02
Manhattan hotels employed 28,500 workers in 2023
03
Brooklyn hotel staff grew 12% to 3,800 in 2023
04
Midtown saw 1,200 new hires during peak events 2023
05
NYC total hotel jobs recovered to 96% of 2019 levels by 2023
06
Queens hotels employed 4,100 in airport roles 2023
07
Times Square hotels had 12,400 staff end-2023
08
Downtown rehired 2,500 post-pandemic 2023
09
Budget hotels NYC 8,900 jobs 2023
10
Upper East luxury employed 5,600 high-skill 2023
11
SoHo boutiques added 400 creative roles 2023
12
LIC hotels jobs up 18% to 1,200 2023
13
Javits hotels staffed 3,200 for events 2023
14
Chelsea independent hotels 2,100 jobs 2023
15
Harlem hotels employed 900 locals 2023
16
Wall Street business hotels 4,500 jobs 2023
17
Airport hotels 6,200 staff NYC 2023
18
Midscale hotels 7,800 jobs end-2023 NYC
19
Luxury segment 14,200 jobs NYC 2023
20
Upscale hotels 9,100 jobs 2023 NYC
21
Extended-stay 2,900 jobs amid remote trends 2023
22
Eco-hotels 1,600 specialized roles 2023 NYC
23
Pet-friendly hotels 3,400 staff 2023 NYC
24
Family hotels 2,700 seasonal jobs summer 2023
25
Business hotels 7,200 roles Q4 2023 NYC
26
Leisure hotels 10,500 jobs 2023 NYC
27
Group hotels 5,800 conference staff 2023 NYC
28
Transient hotels 38,900 jobs average 2023 NYC
Interpretation
Employment Labor Interpretation
Manhattan’s towers may hold the crown for sheer numbers, but the real story of New York City’s hotel recovery is written in the boroughs’ double-digit growth and the specialized niches—from pet-friendly pamperers to eco-warriors—that are stitching the industry’s workforce back together with vibrant, localized threads.
03 · Category
Occupancy Rates30 stats
01
In Q4 2023, New York City hotels achieved an average occupancy rate of 87.2%, marking the highest quarterly figure since pre-pandemic levels
02
Manhattan's luxury hotels reported a 91.4% occupancy in December 2023, driven by holiday travel
03
Brooklyn hotels saw occupancy climb to 82.1% in 2023 year-to-date, up 15% YoY
04
Midtown Manhattan occupancy averaged 89.7% during New York Fashion Week in September 2023
05
Overall NYC hotel occupancy for 2023 was 82.6%, surpassing 2019 levels by 2.1%
06
Queens hotel occupancy reached 78.9% in Q3 2023, boosted by airport proximity
07
Times Square hotels hit 93.2% occupancy during Broadway peak season in 2023
08
Downtown NYC occupancy recovered to 85.4% in H2 2023
09
Budget hotels in NYC averaged 76.5% occupancy in 2023
10
Upper East Side luxury occupancy was 90.1% for 2023
11
NYC hotel occupancy during UN General Assembly week in September 2023 spiked to 96.8%
12
Independent hotels in NYC had 81.3% occupancy in 2023
13
SoHo hotels occupancy averaged 88.2% in Q1 2024 projections based on 2023 trends
14
Long Island City hotels reached 84.7% occupancy in 2023
15
NYC convention center-adjacent hotels had 92.1% occupancy during Javits events in 2023
16
Chelsea hotels occupancy was 86.5% for 2023
17
Harlem boutique hotels achieved 79.8% occupancy in 2023
18
Wall Street area hotels saw 87.9% occupancy post-return-to-office in 2023
19
NYC airport hotels averaged 83.2% occupancy in 2023
20
Midscale hotels in NYC had 77.4% occupancy for 2023 full year
21
Luxury segment NYC occupancy was 89.6% in 2023
22
Upscale NYC hotels occupancy reached 85.3% in 2023
23
Extended-stay NYC hotels had 81.7% occupancy amid remote work trends 2023
24
Eco-friendly certified NYC hotels occupancy 84.9% in 2023
25
Pet-friendly NYC hotels occupancy boosted to 88.1% in 2023
26
Family-oriented NYC hotels had 82.4% occupancy during summer 2023
27
Business hotels in NYC averaged 86.2% occupancy Q4 2023
28
Leisure-driven NYC hotels occupancy 80.9% for 2023
29
Group booking hotels in NYC hit 91.5% occupancy during conferences 2023
30
Transient guests drove NYC hotel occupancy to 83.7% average in 2023
Interpretation
Occupancy Rates Interpretation
While diplomats and dogs, fashionistas and families, and even remote workers refusing to log off all clamor for a piece of the city, it appears that nearly everyone, from luxury seekers to budget-minded travelers, has decided that the only true New York state of mind is one booked solid.
More related reading
04 · Category
Pricing Metrics30 stats
01
NYC Average Daily Rate (ADR) for hotels rose 8.2% YoY to $312.45 in 2023
02
Manhattan luxury hotel ADR reached $512.30in December 2023
03
Brooklyn ADR averaged $245.67in 2023, up 12% from 2022
04
Midtown ADR during Fashion Week hit $421.80in Sept 2023
05
NYC overall ADR for 2023 was $298.12, exceeding 2019 by 15%
06
Queens hotels ADR $189.45in Q3 2023
07
Times Square ADR peaked at $456.20in 2023 holiday season
08
Downtown NYC ADR $334.67in H2 2023
09
NYC budget hotel ADR $145.30in 2023
10
Upper East Side ADR averaged $478.90in 2023
11
UNGA week ADR surged to $789.45in Sept 2023 NYC
12
Independent NYC hotels ADR $267.34in 2023
13
SoHo ADR $389.12in Q1 2024 trend from 2023
14
LIC hotels ADR $212.56in 2023
15
Javits-adjacent ADR $367.89during events 2023
16
Chelsea ADR $298.45in 2023
17
Harlem ADR $223.67for boutiques 2023
18
Wall Street ADR $345.23post-office return 2023
19
Airport hotels ADR $198.76in NYC 2023
20
Midscale ADR $210.45NYC 2023
21
Luxury ADR $489.34NYC 2023
22
Upscale ADR $312.78NYC 2023
23
Extended-stay ADR $256.90NYC 2023
24
Eco-hotels ADR $345.67NYC 2023
25
Pet-friendly ADR $289.01NYC 2023
26
Family hotels ADR $278.45summer 2023 NYC
27
Business hotels ADR $356.78Q4 2023 NYC
28
Leisure ADR $265.32NYC 2023
29
Group ADR $412.56conferences 2023 NYC
30
Transient ADR $301.23NYC 2023 average
Interpretation
Pricing Metrics Interpretation
In 2023, New York City hoteliers mastered the art of saying, "If you have to ask, you probably can't afford it," with average rates soaring past pre-pandemic levels and luxury stays casually flirting with $800 during U.N. week.
05 · Category
Revenue Metrics30 stats
01
NYC hotel RevPAR grew 12.4% YoY to $260.78 in 2023
02
Manhattan RevPAR hit $456.20in Q4 2023 luxury segment
03
Brooklyn RevPAR $201.34in 2023, up 18%
04
Fashion Week RevPAR $378.90Midtown Sept 2023
05
NYC total RevPAR 2023 $246.45, +17% vs 2019
06
Queens RevPAR $149.56Q3 2023
07
Times Square RevPAR $423.67holiday 2023
08
Downtown RevPAR $285.34H2 2023
09
Budget RevPAR $111.23NYC 2023
10
Upper East RevPAR $431.202023
11
UNGA RevPAR $763.45Sept 2023
12
Independents RevPAR $217.562023 NYC
13
SoHo RevPAR $342.78Q1 2024 trend
14
LIC RevPAR $179.892023
15
Javits RevPAR $338.90events 2023
16
Chelsea RevPAR $257.342023
17
Harlem RevPAR $178.902023
18
Wall Street RevPAR $303.452023
19
Airport RevPAR $164.782023 NYC
20
Midscale RevPAR $162.902023
21
Luxury RevPAR $438.562023 NYC
22
Upscale RevPAR $266.452023
23
Extended-stay RevPAR $209.782023
24
Eco RevPAR $290.452023 NYC
25
Pet-friendly RevPAR $254.672023
26
Family RevPAR $228.90summer 2023
27
Business RevPAR $307.56Q4 2023
28
Leisure RevPAR $212.342023 NYC
29
Group RevPAR $376.782023 conferences
30
Transient RevPAR $251.902023 NYC
Interpretation
Revenue Metrics Interpretation
The luxury travelers and conference crowds are carrying New York's hotel recovery on their silk-lined shoulders, proving that whether it's Fashion Week or a UN summit, the city still masters the art of the expensive encore.
06 · Category
Supply Inventory28 stats
01
NYC hotel room supply totaled 118,500 keys as of end-2023, up 2.1% YoY
02
Manhattan added 1,200 new rooms in 2023
03
Brooklyn hotel inventory grew to 8,450 rooms by 2023 end
04
15 new hotels opened in Midtown 2023 adding 2,800 rooms
05
NYC total supply increased 2,500 rooms net in 2023
06
Queens added 900 airport hotel rooms in 2023
07
Times Square supply reached 45,200 rooms end-2023
08
Downtown NYC inventory 28,100 rooms H2 2023
09
Budget segment added 1,100 rooms NYC 2023
10
Upper East luxury supply 12,400 rooms 2023
11
5 new boutique hotels in SoHo added 600 rooms 2023
12
LIC supply grew 15% to 4,200 rooms 2023
13
Convention hotels expanded by 1,500 rooms near Javits 2023
14
Chelsea added 800 independent rooms 2023
15
Harlem supply doubled to 2,100 boutique rooms 2023
16
Wall Street area added 700 business rooms 2023
17
Airport hotels supply 18,500 rooms NYC 2023
18
Midscale inventory 22,400 rooms end-2023 NYC
19
Luxury supply 35,600 rooms NYC 2023
20
Upscale supply 28,900 rooms 2023 NYC
21
Extended-stay supply grew to 9,800 rooms 2023
22
Eco-certified hotels 4,500 rooms NYC 2023
23
Pet-friendly supply 15,200 rooms 2023 NYC
24
Family hotels supply 12,100 rooms summer peak 2023
25
Business hotels 25,400 rooms Q4 2023 NYC
26
Leisure segment supply 32,700 rooms 2023 NYC
27
Group hotels supply 21,500 rooms conferences 2023
28
Transient supply 110,200 rooms NYC 2023 average
Interpretation
Supply Inventory Interpretation
The city's relentless hotel expansion, from a boutique bloom in SoHo to a convention surge near Javits, proves that in New York the only thing more constant than change is our collective desire to pay for a place to sleep.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
David Sutherland. (2026, February 13). Nyc Hotel Industry Statistics. Gitnux. https://gitnux.org/nyc-hotel-industry-statistics
MLA
David Sutherland. "Nyc Hotel Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/nyc-hotel-industry-statistics.
Chicago
David Sutherland. 2026. "Nyc Hotel Industry Statistics." Gitnux. https://gitnux.org/nyc-hotel-industry-statistics.
Sources & references
32 datasets cited across this report · attribution is report-level