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Message from Rod Clough, President - HVS Americas
If you are facing an upcoming 2024 forecast for your properties or portfolio and you want to take a fresh look at operating expenses, think about utilizing an HVS HOSI for macro revenue and expense trends or an HVS CompStat for a curated selection of five comparable operating statements for review and comparison. We can also provide a competitive set occupancy forecast and market overview of the latest demand drivers and potential new supply impacts.
We are looking forward to attending the upcoming Latino Hotel Association Conference, October 11 & 12 in Southlake, Texas. Our Luigi Major will be presenting our latest forecasts and predictions for the hotel industry. We encourage you to attend this important event.
Our CHICOS conference is also quickly approaching, being held this year in beautiful St. Thomas at the Westin Beach Resort & Spa, November 12 through 14. You’ll definitely be wanting a break from the cold then, won’t you? Book your registration and flight now and enjoy the most extraordinary conference exploring this exciting region.
We are available to present to you and your firm about our latest forecasts, predictions, and hospitality-industry thought leadership. If you would like to schedule a meeting, please reach out to me or your HVS client partner—we are here to help you navigate these waters. Have a great fall season ahead!
In Partnership,
Rod Clough, MAI
President, HVS Americas
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HVS Conference Takeaways: The Lodging Conference 2023
This article shares our main takeaways from the highly attended 2023 Lodging Conference in Phoenix, Arizona. It was an incredible gathering for our industry, with great ideas and insights shared, deals done, and friendships strengthened. We look forward to next year’s event!
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HVS Outlook Fall 2023: Discovering a New Normal
A strong RevPAR rebound in the first quarter of 2023 was stalled by increasing costs of capital, inflationary pressures, outflow of domestic demand with limited international infill, and economic concerns. How can hoteliers expect 2023 to end and the next few years to trend? This article presents our latest forecast and insights.
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The Best Seat in the House is a Cheap Seat
Why do some stadiums attract more tourists and economic impact than others? It does not have to do with the quality of a city’s music scene or attractiveness, but the availability and cost of tickets. Tickets to venues in densely populated areas with higher incomes are harder to get, so instead people travel to venues with tickets that are available, and cheaper.
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In-Depth Hospitality Research | |
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2023 HVS Lodging Tax Report - USA
Why do some stadiums attract more tourists and economic impact than others? It does not have to do with the quality of a city’s music scene or attractiveness, but the availability and cost of tickets. Tickets to venues in densely populated areas with higher incomes are harder to get, so instead people travel to venues with tickets that are available, and cheaper.
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Current Market Outlook Reviews | |
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Bringing New Energy to The Meadowlands in Northern New Jersey
The Meadowlands development in northern New Jersey features the Meadowlands Sports Complex, with the MetLife Stadium as a centerpiece, and hosts numerous major companies. This development is anticipated to strengthen its presence going forward with the addition of a convention center.
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Richmond, Virginia’s RevPAR Rebound and Diverse Lodging Demand
In the past three years, the city of Richmond has seen significant growth in RevPAR, outpacing the regional area and the state of Virginia in the post-pandemic recovery period. This article provides an overview of Richmond’s hotel performance and demand sources.
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Conroe, Texas: North Houston’s Emerging “Leading Lady”
Conroe is known as a historic small town and an affordable staycation destination. However, as of 2023, it is one of the fastest-growing cities in Texas. Its current offerings range from state parks to lakeside resorts, and the city has potential for significant development, with ample vacant land available.
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The Rebounding San Diego Lodging Market Attracts Investor Interest
In 2022 and the first half of 2023, San Diego hotels experienced unprecedented RevPAR growth, similar to much of California, as markets recovered from the impact of the COVID-19 pandemic. As a result, hotel development and transactions have been strong. However, construction of full-service hotels remains challenging amid a steep rise in development costs.
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HVS Brokerage & Advisory Closes Sale of Microtel Inn & Suites by Wyndham Breaux Bridge
HVS Brokerage & Advisory announces the sale of the 58-key Microtel Inn & Suites by Wyndham Breaux Bridge, located at 2280 Rees Street Ext, Breaux Bridge, Louisiana 70517. The property, built in 2009, was purchased by Patel Capital Groups, based in Texas City, Texas, from DS Operating, based in Crowley, Louisiana.
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HVS North America Announces Expansion of its Brokerage & Advisory Division
HVS, the leader in global hospitality consulting, is pleased to announce the expansion of its North America Brokerage & Advisory division with the addition of Josh Williams as Senior Managing Director.
Josh brings extensive, long-term industry relationships and nearly two decades of investment sales experience. He has participated in over 260 hotel transactions, totaling an aggregate value of $2.2 billion. Josh is client-focused and is known for maximizing value for each of his clients. He knows how to execute deals, even in the face of potential obstacles.
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CHICOS Registration Rates Increase on October 4th | |
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The Caribbean Hotel Investment Conference & Operations Summit (CHICOS) is the premier hospitality conference in the region and brings together over 350 regional and international investors and operators, as well as the region’s leading decision makers. Attendees or speakers include government representatives, opinion leaders, developers, developers seeking investors, bankers and other lenders, tourism officials, investment fund representatives, hotel brand executives, franchise and operations company delegates, public and private institution members, consultants, advisors, architects, and designers. Conference attendees network and discuss the region’s markets and possibilities, while analyzing the most important trends that can affect their investment decisions.
The 2023 event will take place November 12–14 at the Westin Beach Resort & Spa at Frenchman’s Reef in St. Thomas, U.S. Virgin Islands. Further details, including registration, can be found on the conference website. Please direct all inquiries to Nicole Roantree.
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HVS is the only global consulting firm focused exclusively on the hospitality industry. We provide comprehensive expertise through every phase of ownership across a wide range of hospitality assets. | |
Superior Results through Unrivaled Hospitality Intelligence. Everywhere.
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