This article responds to Heywood Sanders’ book Convention Center Follies. It argues for a more moderate picture of the state of supply and demand in the convention industry, and it critiques Sanders’ narrative of convention center development.
As economic recovery resumes and tourism strengthens, Washington, D.C. remains a top draw for leisure, convention, and government demand, with area hotels achieving some of the highest RevPAR levels in the nation.
With brands spanning a wide variety of products, InterContinental Hotels Group lays claim to the world’s largest collection of hotels. RevPAR is on the rise, and the company has several innovations, including a new brand, on the horizon.
The 2013 HVS U.S. Lodging Tax Study explores the trends in the imposition of lodging taxes in the United States. This updated version expands the study to provide lodging tax rates/collections in all 50 states and the 150 largest US cities.
In this article, we seek to understand and quantify, through analysis, the impact of a major renovation on a hotel’s occupancy and rate penetration and, ultimately, the effect on income and net present value.
ALIS presentation featured in the "Numbers" panel discussion on January 28, 2014, provides a recap of national market activity in 2013, covers current/recent cap rates, examines cap ex impacts on hotel cap rates/values, and gives an outlook for 2014.
HVS Consulting & Valuation annually researches development costs of actual hotel construction budgets, industry reports, and uniform franchise offering circulars. This 2013/14 survey reports updated per-room development costs through the end of 2013.
A comparison of the luxury hotel markets in Berlin, Prague and Warsaw.
Though it is difficult to pinpoint a definition of boutique hotel, we analyze some traits of boutique hotel that are universally agreed through the case study of seven prominent “boutique” hotels in Shanghai.
Transactions, performance, and demand are up for Nashville’s lodging industry, and new supply is set to come online over the next year. Are the city’s hotel demand generators prepared to keep up the pace?