Message from Rod Clough, President – HVS Americas

My team and I appreciated the opportunity to connect with so many of you at recent industry events and to present our latest forecasts and trends about this ever-evolving industry. A few additional important events remain on the horizon for this year, including our CHICOS conference (November 9–11). The Caribbean-focused event, hosted in beautiful Curaçao, will spotlight global capital flows, investment potential, and the evolving hospitality trends and outlook across island markets. There is still time to register. Several HVS team members will also be presenting at IHLA’s INSPIRE Luxury Hospitality Conference (December 10–11) in Las Vegas—a perfect time for a winter visit to this great city. 

If you have an upcoming year-end event or meeting, either virtual or in-person, at which you would like us to present our latest industry forecasts and takeaways, please connect with me. We are happy to craft a presentation that meets your content and timing needs. 

Please call on us to help you navigate any challenges you may be facing in these uncertain times. I’m happy to connect you with the right expert on our team to listen and assist.

Wishing you a successful November ahead,

Rod Clough, MAI, CRE, MRICS

President, HVS Americas

U.S. In-Depth Hospitality Research

CHICOS Conference: Secure Your Spot!

Join the Caribbean’s most influential hospitality investment event!

Caribbean Hotel Investment Conference & Operations Summit (CHICOS)

November 9–11, 2025, Curaçao Marriott Beach Resort

CHICOS 2025 brings together 300+ global investors, developers, and hotel leaders for three days of strategic insights, exclusive site tours, and high-impact networking, all set on the stunning island of Curaçao.

Industry Insights

2025 Lodging Tax Report – USA

The 15th-annual Lodging Tax Study presents data on city, state, and special-district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and collection and distribution of revenue from lodging taxes levied in all 50 states and the 150 largest U.S. cities. Our analysis of 25 major U.S. hotel markets shows rooms revenue growth slowing through 2024 and leveling off in the first eight months of 2025, reflecting weakening travel demand across key markets.

Restricted Appraisal vs. Standard Appraisal: Understanding the Differences

USPAP outlines two appraisal report formats: restricted and standard. The key difference lies in detail—restricted reports are concise, while standard reports offer thorough explanations. Choosing the right format depends on several factors, and an appraisal expert can help you choose the right format for your needs.

The Lodging Conference 2025: HVS Takeaways

This year’s Lodging Conference was well attended with a cautiously optimistic atmosphere, despite the challenges currently facing the industry. HVS was pleased to sponsor the event, and we were strongly represented with participants from multiple divisions. Several HVS attendees provide their thoughts and takeaways from the event in this article.

Immigration Policy and the Hospitality Workforce: Navigating Labor Challenges with Strategic Resilience

Immigration policy is reshaping how hotels find and keep talent. This article explores why U.S. hospitality’s heavy reliance on foreign-born workers makes visa caps, enforcement shifts, and processing delays critical business issues—and shows how forward-thinking operators are diversifying recruitment, strengthening internal pipelines, and building resilience to protect service quality and profitability.

2025/26 Federal Per-Diem Update: Steady Rates Ahead

The per-diem lodging rates set the maximum amount a federal traveler can reimburse and are based on the average rates for mid-priced hotels. For the overall continental United States, the recently published per-diem rates for fiscal 2026 indicate stability when compared to the 2025 rates.

Market Intelligence

Correctional Crisis Spurs Hotel Boom in Upstate New York

In February 2025, an illegal strike in Upstate New York led to over 2,000 corrections officers being fired. National Guard troops were deployed to support the correctional facilities during and after the strike, boosting hotel demand in cities like Middletown. This temporary demand, combined with a strong local economy, supports a positive near-term hotel market outlook.

Island of Opportunity: Curaçao’s Tourism Transformation

The Caribbean has long captivated travelers with its natural beauty, year-round sunshine, and vibrant culture. Within the ABC Islands (Aruba, Bonaire, and Curaçao), Curaçao has recently emerged as a standout, fueled by its distinct identity, growing investments, and increasing global visibility.

HVS Spotlight: Client Testimonials

New Hotel Investment Opportunities: Brokerage Listings

Brokerage & Advisory Hotel Listings

Are you looking to acquire or sell hotels? We offer a wide range of asset opportunities and customized financial solutions to meet your specific needs. Notably, we have many price reductions on exclusive hotel investment opportunities and have introduced deals in Mexico. Despite a slower national transaction market, our team continues to generate strong buyer interest through a competitive, nationwide network. Now is a great time to explore the market and take advantage of these timely offerings. Contact us today to schedule a consultation with our team.

Join Our Consulting Experts at Industry Events Nationwide

Event Attendees

• Zabada Abouelhana and Trey Osadchey attending the 2025 AAHOA Southwest Charity Golf Tournament

Upcoming HVS Events

Caribbean Hotel Investment Conference & Operations Summit (CHICOS)

November 9–11, 2025, Curaçao Marriott Beach Resort

Mexico Hotel and Tourism Investment Conference (MexHIC)

February 5, 2026, Camino Real Polanco México

Latest News

News Releases

• HVS Brokerage & Advisory Closes Sale of Quality Inn Kingsville
• HVS Brokerage & Advisory Closes Sale of Hampton Inn by Hilton Ruston
• HVS Brokerage & Advisory Closes Sale of Comfort Suites near Texas Medical Center - NRG Stadium
• HVS Brokerage & Advisory Closes Sale of Days Inn & Suites by Wyndham Eunice
• HVS Brokerage & Advisory Closes Sale of Two Texas Hilton-Branded Hotels on Behalf of Mount Street

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