Most NYC Hotels Back in Operation
by Lisa Grimaldi and Michael J. ShapiroNovember 14, 2012
This page is protected by Copyright laws. Do Not Copy
The final two Manhattan hotels that were closed due to Hurricane Sandy, the 298-room Ritz-Carlton, Battery Park, and the 497-room New York Marriott Downtown, reopened Monday, according to press reports. Other downtown properties that were affected by the storm ‚Äî the 253-room Andaz Wall St., 217-room W New York Downtown, 463-room Conrad and 727-room Le Parker Meridien ‚Äî already had reopened. STR reports that New York City's hotel occupancy dropped during the week that Sandy hit, by 7.3 percent from the same week last year. Occupancy dropped to 80.5 percent for the week of Oct. 28 to Nov. 3, and revenue per available room fell by 7.9 percent. The average daily rate of $290.78 was only an 0.7 percent decrease compared to last year. "Arguably, the weak demand numbers for hotels in Sandy's path may have been lifted slightly by stranded travelers and an influx of displaced people, [plus] news crews and insurance adjusters," said Jan Freitag, senior VP of global development at STR. "It is worth noting that despite the evacuation of Lower Manhattan and the loss of power in the greater metro area of NYC, hotels in the area still sold an average eight out of 10 rooms each night."