The UKs rich history is a major draw for visitors and the chance to stay in castles where former kings resided, or country homes fit for a Jane Austin novel, is the type of experience that resonates with many.
Supply growth has been the dominant headline for the New York City lodging market over the past decade. The number of hotel rooms in the city increased from 66,000 in 2007 to 99,000 in 2018, a 50% increase in inventory.
In Part II of this article, I discuss the importance of diving into local market comparable sales when facing an independent motel valuation. Equally important is knowing the markets prevalent RRM and sales price per key.
HVS reviewed and analyzed the current lending environment for hotels following a comprehensive survey conducted among Canadian hotel lenders.
Analysts at Lodging Econometrics (LE) report that Chinas total construction pipeline continues to expand with 2,845 projects/590,809 rooms, up 15% by projects and 8% by rooms year-over-year (YOY).
The 41st NYU International Hospitality Industry Investment Conference wrapped up on June 4, 2019, and the overall sentiment of the event was one of caution, a shift from a sentiment of cautious optimism at conferences earlier in the year.
Mixed use developments are becoming more and more prevalent today which reflects a shift in the market to have built environments which cater for multiple uses. In the hotel context, it is becoming a popular alternative to the traditional single use accommodation model.
Key takeaways from this years South East Asia Hotel Investors Summit (SEAHIS) at the Westin Grande Sukhumvit Bangkok, which HVS proudly sponsored for the third consecutive year.
In the recent Latin America hotel construction pipeline trend report, analysts at Lodging Econometrics (LE) state that the total construction pipeline stands at 717 projects/123,804 rooms, down 8% year-over-year (YOY) as it enters the third year of decline from its 2015-2016 peak.
A driving force of the pipelines double-digit growth is the surge in projects in the early planning stage with 80 projects/11,328 rooms, up 48% and 53% YOY, respectively. Currently, there are 93 projects/10,466 rooms under construction and 91 projects/11,229 rooms scheduled to start construction in the next 12 months, a record high.