On average, hotel prices increased significantly in 2018, as a strong pool of buyers with favorable outlooks kept downward pressure on cap rates.
JLLs City Momentum Index reveals where in the world to find highest levels of socio-economic and commercial real estate dynamism
Hostels have traditionally been for backpackers happy to share rooms with strangers, trek down hallways to shower and cook their own meals in basic kitchens in exchange for cut-rate accommodation.
A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component.
Rooms in the construction pipeline are at an all-time high, and the pipeline is a mere 16 projects shy of the cyclical high of 2,658 projects set in the fourth quarter of 2014.
Some of the worlds most iconic hotels will reopen in 2019 after undergoing extensive renovation works to bring in a fresh look and smarter technologies as part of an effort to keep up with the ever-changing tastes of discerning global travelers.
While boutique hotels comprised just 3.2 percent of the total U.S. lodging supply in 2017, boutique projects represented 17.8 percent of the rooms in the development pipeline as of June 2018. Boutique hotels are popular with developers for a variety of reasons.
The HVS 2018 Canadian Hotel Valuation Index (HVI) not only released countrywide hotel values for 2017 but also projects the direction of these values through 2021.
The most recent Lodging Econometrics (LE) Hotel Construction Pipeline Trend report, LE states that Houston has a total of 150 projects/16,473 rooms in the construction pipeline, the third highest in the U.S. behind New York City with 170 rooms/29,630 rooms and Dallas with 157 projects/18,954 rooms.
Munich is expected to add nearly 7,400 hotel rooms by 2020, according to STR's AM:PM database.