Hotel Riu Plaza Manhattan Times Square

Hotels · New York, NY

Business Summary

Hotel Riu Plaza Manhattan Times Square is a hotel located at 145 West 47th Street, New York, NY, 10036 serving travelers and visitors in New York City. With a digital score of 60, there is significant opportunity to improve online visibility and direct booking capabilities. Enhancing digital marketing could help capture more of NYC's robust hospitality demand.

Location & Competitors

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Neighborhood
Upscale commercial district
Foot Traffic
Moderate to high — mixed residential and commercial area
Parking
Limited street parking; valet available
Transit Access
Excellent — multiple subway lines within 2 blocks

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Motto by Hilton Times Square
0m
65/100
Average
High
Sanctuary Hotel
0m
61/100
Average
High
Hard Rock Hotel
0.16km
53/100
Average
High
Broadway @ Times Square Hotel
0.16km
66/100
Average
High

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$47M-$62M
Industry Margin33%
Entry Cost$11M-$31M (acquisition/renovation)

Market Analysis

Market Size$15-20 billion NYC hotel market
TrendStable growth post-pandemic; NYC hotel occupancy recovering to 85%+
SeasonalityPeak: Sep-Dec, Apr-Jun; Moderate: Jul-Aug; Low: Jan-Mar

Consumer Trends

Rise of experiential stays, boutique preferences, mobile-first booking, sustainability focus

SWOT Analysis

Strengths

Internal advantages

  • Prime New York City location
  • Strong year-round tourism demand
  • Brand recognition in competitive market
  • Proximity to major attractions and transit

Weaknesses

Areas for improvement

  • Rising labor costs
  • Intense competition from numerous hotels
  • Aging infrastructure requiring renovation

Opportunities

External potential

  • Add rooftop or restaurant amenities
  • Expand direct booking to reduce OTA commissions
  • Develop unique experiential packages

Threats

External risks

  • Economic downturn reducing travel
  • Short-term rental competition (Airbnb)
  • Rising real estate taxes and regulations

Strategic Recommendations

Quick Wins

Implement this week

Optimize Google Business Profile and TripAdvisor listings

Implement dynamic pricing strategy

Launch email remarketing campaigns for past guests

Growth Strategies

1-3 months

Partner with local experiences and restaurants

Invest in direct booking platform to reduce OTA dependency

Create Instagram-worthy spaces for social media exposure

Risks to Monitor

Ongoing vigilance

Prepare contingency for travel demand fluctuations

Watch for new hotel developments in the area

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Hotel Experience Concierge App

A mobile app connecting Hotel Riu Plaza Manhattan Times Square guests with curated local experiences, restaurant reservations, and exclusive NYC events.

2

Pop-up Retail in Hotel Lobby

Partner with local artisans and brands to create rotating pop-up shops in Hotel Riu Plaza Manhattan Times Square's lobby, generating additional revenue and guest engagement.

3

Corporate Retreat Planning Service

Offer end-to-end corporate event and retreat planning leveraging Hotel Riu Plaza Manhattan Times Square's facilities and NYC attractions.

Digital Score

60/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendStable growth post-pandemic; NYC hotel occupancy recovering to 85%+
Digital Score60/100

Contact Info

145 West 47th Street, New York, NY, 10036, 10036

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