Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
Analysts at Lodging Econometrics (LE) report that Chinas total construction pipeline is booming and stands at 2,761 projects/580,635 rooms, up 12% by projects and 6% by rooms year-over-year (YOY).
In the 2018 year-end report by Lodging Econometrics (LE), Europes total construction pipeline skyrocketed to 1,569 projects/243,947 rooms, a whopping 19% increase year-over-year (YOY), and the highest project and room counts ever recorded.
This article gives an overview of hotel investment volumes in Europe in 2018, discussing trends and forecasts and providing a comprehensive list of single asset and portfolio hotel deals above 7.5 million.
Many of the hotels nestled among the French Alps are at a turning point. Previously the preserve of local families, the hotel industry across the region is undergoing a transformation as properties change hands or owners decide to renovate.
In 2018, hotel transactions exceeded 700 deals for a total valuation of $29.5 billion, according to STR's Hotel Transaction Almanac.
Hotel values across Europe registered another strong year in 2018, showing 3% growth and reaching new highs, according to the HVS annual European Hotel Valuation Index (HVI).
Growing numbers of hotels are also looking to get involved in the flexible space boom, transforming underused spaces in communal areas or outdated business centers into modern, vibrant coworking spaces.
In this article, the author reviews market data associated with the introduction of nine headquarters hotels from the past 16 years to provide insight into the impacts such openings have on their competitive sets performance.
STR's pipeline report shows 19,039 hotel rooms in construction in Central/South America as of January, which is down 25.6% year over year.