Occupancy is the relationship between demand (the number of rooms actually sold) and supply (the number of rooms available for sale). Rooms sold divided by rooms available for sale in percentage.
Average Daily Rate is the dollar amount received for each room sold. Room sales divided by number of rooms sold
Room Block is a group of hotel rooms that a hotel puts on hold at a special negotiated rate for a group of people. A room block can be set up for a family reunion, a conference, or a wedding. Moreover, a typically room block need to be at least 9 rooms, but although sometimes hotels offer 5 plus rooms.
Something of historic importance is the East River Ferry that tourists can take from Manhattan to Brooklyn. The ferry is inexpensive, and you get a great view of the city from the river.