JLL Hotel Momentum India (HMI) – Hospitality Monitor H1 2023
A significant rebound in hotel investment volumes.
Market Reports
Business Travel in Asia Pacific Poised for Significant Rebound in 2023, Spending Forecast to Reach Almost $800 Billion by 2027
GBTA reveals regional outlook data and insights during its sold-out 2023 GBTA APAC Conference held this week in Singapore
HVS Market Report – Bringing New Energy to The Meadowlands in Northern New Jersey – By Patricia Shih
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.
CoStar Reports Canada Hotel Occupancy Reached Four-Year High in August
Although year-over-year growth has moderated from earlier this year, performance improvement in August was still a considerable achievement against stronger metrics from last summer’s ‘revenge travel’ period.
HVS Market Report – Phoenix, AZ: A Decade of Investor Confidence Pays Off – By Zabada N. Abouelhana, McKenna Luke and Aleisha Smith
Phoenix has exploded in growth over the last decade, developing a diverse and welcoming economy that has allowed the city and surrounding communities to outperform other top-25 markets.
U.S. Hotel Performance for Week Ending 16 September
U.S. hotel performance increased from the previous week according to CoStar’s latest data through 16 September.
HVS Market Report – Richmond, Virginia's RevPAR Rebound and Diverse Lodging Demand – By Chelsey Leffet
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.
China Slowdown Will Create Winners and Losers in Global Economy: Euromonitor International
Lan Ha, Head of Economic Research at Euromonitor International, said China’s post-pandemic economic recovery was slowing because of declining demand for the country’s exports and sluggish growth in domestic consumption. in 2023-2024 are higher than the 3.0% growth the country recorded in 2022. However, a growth rate of around 5.0% is significantly lower than the economy’s pre-pandemic trend, which averaged 7.7% annually during 2010-2019.
Hospitality Industry Sentiment Remains Hopeful for ADR and Group Demand, Recession Fears Grow
Average daily rate (ADR) expectations across the globe remain positive, while optimism for occupancy growth has slipped into the minority. This is true whether looking ahead to the short-term (three months into the future) or in medium-term predictions (12 months into the future).
STR Reports U.S. Hotel Performance for August 2023
Following seasonal patterns, the U.S. hotel industry reported lower performance results from the previous month but improved comparisons year over year.