Residence Inn Manhattan/Times Square

Hotels · New York, NY

Business Summary

Residence Inn Manhattan/Times Square is a hotel located in 1033 Avenue of the Americas, New York, NY, 10018. 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
Very High
Parking
Valet parking available
Transit Access
Airport shuttle available
Nearby Landmarks
convention centershopping district

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Americana Inn
0m
24/100
Weak
Low
Refinery
0.16km
36/100
Weak
Medium
Courtyard New York Manhattan/Times Square
0.16km
16/100
Weak
Low
Archer Hotel
0.16km
84/100
Strong
High

Competitive Summary

Showing 4 of 4 competitors within 5km. There are 1 digitally strong competitors nearby.

Financial Estimates

Financial Overview

Estimated Value$11M
Industry Margin29%
Entry Cost$2M

Market Analysis

Market Size$8B Manhattan lodging market
TrendExtended stay demand increasing
SeasonalityYear-round with convention peaks

Consumer Trends

Remote work-friendly stays

SWOT Analysis

Strengths

Internal advantages

  • Prime NYC location
  • Professional management

Weaknesses

Areas for improvement

  • High operating costs
  • Limited parking

Opportunities

External potential

  • Add co-working spaces
  • Partner with local experiences

Threats

External risks

  • New hotel openings
  • Regulatory changes

Strategic Recommendations

Quick Wins

Implement this week

Optimize OTA listings and photos

Add direct booking incentives

Growth Strategies

1-3 months

Add rooftop or lounge venue

Develop corporate partnership program

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 Manhattan/Times Square guests, partnering with nearby attractions and restaurants.

2

Pop-up co-working hotel concept

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

Digital Score

60/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market TrendExtended stay demand increasing
Digital Score60/100

Contact Info

1033 Avenue of the Americas, New York, NY, 10018, 10018
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