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HVS Las Vegas Casino and Hotel Market Outlook 2022

The number of visitors to Las Vegas exceeded 32.2 million in 2021, which was 10.7 million below the peak number of visitors in 2016. However, gaming revenue in Clark County in 2021 was $11.5 billion, which was approximately $600 million above the prior peak achieved in 2007. Occupied rooms in Las Vegas grew 70.7% in 2021, compared to 2020, from 21.2 million to 36.2 million; total occupancy for the year was 66.8%.

HVS Monday Musings: Green Hotels for a Sustainable Future

Green hotel construction has been gaining traction globally in recent years as hotel companies strive to achieve their sustainability objectives. A similar trend is visible in India as well, but the acceptance is still slow compared to other nations.

HVS U.S. Development Cost Survey

This research report is a benchmark for development cost across different hotel classes, with research and a compilation of development costs from actual hotel construction budgets, including an illustrated total development cost per room/per product type.

COVID-19’s Impact on the Silicon Valley Lodging Market

Since the onset of the COVID-19 pandemic, the San Francisco Bay Area has been one of the most severely affected markets in the nation. Silicon Valley, despite its status as the technology capital of the world, experienced significant declines in lodging performance because of its historical reliance on higher-rated business travel. This article discusses the changing business dynamics in Silicon Valley and the impact of the pandemic on the local hotel market.

Recovery Outlook for the St. Louis Lodging Market

In 2020, Greater St. Louis-area hotels suffered unprecedented declines in demand because of the COVID-19 pandemic, similar to most cities in the United States. Since then, many travelers have returned, and the greater St. Louis hotel market has rebounded. What has the recovery looked like thus far? What must happen in the next 18 months for the market to reach pre-pandemic performance? What factors will shape the “new normal” for the market?

ALIS 2022 Takeaways – Our Industry Braces for a Big Year Ahead

ALIS kicked off the 2022 hospitality industry convention season this week with heightened optimism for the sector. Several factors are converging this year that are setting the stage for what may be a year of record-breaking transaction activity.

HVS Market Pulse: Arlington, Virginia

Arlington County hotels experienced unprecedented declines in demand during the COVID-19 pandemic, similar to most metropolitan areas in the United States. Considering the area’s large number of demand generators, Arlington hotels are well positioned for a recovery, albeit a slow one. How far did the Arlington hotel market fall? What factors will shape this recovery?

Where hospitality is heading

While 2021 has been a turbulent year for tourism, the signs are promising for 2022. Hala Matar Choufany shares her industry forecasts and the trends we should be keeping an eye on in 2022.

Lodging Market Overview: Bend, Oregon

Bend’s strategic location as a drive-to destination in Central Oregon, within driving distance of Crater Lake National Park, Smith Rock State Park, and Deschutes National Forest, made it a bright light during the pandemic and contributed to the local lodging market’s resiliency.

HVS Monday Musings: Hotel Development Feels the Heat of Rising Input Costs

The Indian hotel sector is reeling under the pressures of rising input costs, which is affecting not only operations but also hotel development plans. Read on to know more.
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