Residence Inn

Hotels · New York, NY

Business Summary

Residence Inn is a hotel located in 100 Ferry Way, Weehawken, NJ, 07086. It provides accommodation services to travelers and visitors in the New York area. The property has established a solid reputation among guests.

Location & Competitors

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Neighborhood
Business district
Foot Traffic
Moderate
Parking
No on-site parking
Transit Access
Airport shuttle available
Nearby Landmarks
business districttransit hub

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
EnVue
0m
69/100
Average
High
Ink 48 Hotel
2.25km
63/100
Average
Medium
Holiday Inn Express
2.41km
27/100
Weak
Low
Sheraton Lincoln Harbor
2.57km
59/100
Average
Medium

Competitive Summary

Showing 4 of 4 competitors within 5km.

Financial Estimates

Financial Overview

Estimated Value$8M
Industry Margin18%
Entry Cost$14M

Market Analysis

Market Size$15B+ NYC hospitality sector
TrendPost-pandemic travel recovery strong
SeasonalityStrong Q2-Q3, holiday surge

Consumer Trends

Remote work-friendly stays

SWOT Analysis

Strengths

Internal advantages

  • Strong brand recognition
  • Repeat guest loyalty

Weaknesses

Areas for improvement

  • High operating costs
  • Dependence on tourism

Opportunities

External potential

  • Expand event hosting
  • Partner with local experiences

Threats

External risks

  • Economic recession impact
  • Regulatory changes

Strategic Recommendations

Quick Wins

Implement this week

Optimize OTA listings and photos

Respond to all online reviews

Growth Strategies

1-3 months

Add rooftop or lounge venue

Create local tour partnerships

Risks to Monitor

Ongoing vigilance

Monitor Airbnb regulatory changes

Maintain property standards

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Hotel experience marketplace

Create a curated local experience platform for Residence Inn guests, partnering with nearby attractions and restaurants.

2

Pop-up co-working hotel concept

Transform underutilized spaces at Residence Inn into bookable co-working areas for remote professionals.

Digital Score

64/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendPost-pandemic travel recovery strong
Digital Score64/100

Contact Info

100 Ferry Way, Weehawken, NJ, 07086, 07086
Used by 200+ businesses

What Top Competitors Already Know

See exactly how Residence Inn stacks up: revenue projections, competitive blind spots, and 3 growth opportunities other businesses in this market are already using.

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