U.S. hoteliers enjoyed an eighth consecutive year of increasing profits in 2017 despite another slowdown in the rate of revenue growth. According to the 2018 edition of Trends® in the Hotel Industry, total operating revenue increased by 2.0 percent in 2017 for the average hotel in its survey sample.
African Hotel Sector Offers Potential for Further Growth over the Next Five Years
HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2018 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA.
Key takeaways from this years South East Asia Hotel Investors Summit (SEAHIS) at the Westin Grande Sukhumvit Bangkok on May 14-15, which HVS proudly sponsored for the second consecutive year.
When analyzing the performance of the extended-stay hotel segment, we see a difference in the performance of the upper-priced properties in this segment versus the moderate-priced properties. Since 2010, moderate-priced extended-stay hotels have shown greater gains in revenues and profits. However, upper-priced extended-stay hotels continue to achieve premiums in occupancy, ADR, revenues, and profits.
What is the recipe for resort and hotel developers, owners and operators, to create the environment where this transformative travel takes place?
Analysts at Lodging Econometrics (LE) report that together the Upper Midscale and Upscale Pipelines comprise 72% of all projects in the Total Pipeline.
Continental Europe Slows from Shortage of Stock
With oil prices above $70 per barrel for the first time since 2014, overseas real estate transaction volumes by Middle Eastern buyers are set to pick up, reflecting adjustment in investors’ strategies, according to a new report by JLL titled 2018 Top Themes Driving Middle East Outbound Real Estate Flows in 2018.
In the In Construction stage, the U.S. reported 183,187 rooms in 1,407 projects. Based on the number of rooms, that is a 0.1% decrease in year-over-year comparisons.