New York Hotel Market Data
New York, USA — North America
Market Snapshot
| 3-Star Average | $310 |
| 4-Star Average | $624 |
| 5-Star Average | $1209 |
| Occupancy | 85% |
| RevPAR | $530 |
| YoY Growth | 5.1% |
| Hotels Tracked | 120 |
| Competition Level | Very High |
| Peak Season | Oct-Dec |
Market Insights
New York's luxury hotel market (5-star hotels at $587/night) commands significantly higher rates than the national average, indicating strong demand for premium experiences despite very high competition among 850 tracked hotels. With an 87% occupancy rate, there's limited room for new entrants, suggesting existing hotels have strong pricing power, particularly within the 4-star segment ($312/night) offering a potential value proposition for guests seeking quality without the top-tier 5-star price.
Regulatory Environment
Local Law 18 requires STR hosts to register and be present during stays. Hotel room occupancy tax at 5.875% plus city surcharge. New construction must meet updated energy efficiency standards (Local Law 97).
Recent Market News
NYC hotel demand surging with 87% occupancy in Q4 2025. New luxury developments in Hudson Yards and Brooklyn driving supply growth. Short-term rental regulations tightened with Local Law 18 enforcement reducing Airbnb inventory by 70%.