In February 2025, an illegal strike in Upstate New York led to over 2,000 corrections officers being fired. National Guard troops were deployed to support the correctional facilities during and after the strike, boosting hotel demand in cities like Middletown. This temporary demand, combined with a strong local economy, supports a positive near-term hotel market outlook.

This fifteenth annual Lodging Tax Study presents data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Our analysis of 25 major U.S. hotel markets shows room revenue growth slowing through 2024 and leveling off through the first eight months of 2025, reflecting weakening travel demand across key markets.

The report explores Northeast India’s untapped tourism potential, analyzing its economic impact, infrastructure growth, state tourism policies, and branded hospitality landscape. It highlights key opportunities, challenges, and strategic recommendations to drive sustainable, inclusive, and community-led tourism development across the region.

Immigration policy is reshaping how hotels find and keep talent. This article explores why U.S. hospitality’s heavy reliance on foreign-born workers makes visa caps, enforcement shifts, and processing delays critical business issues – and shows how forward-thinking operators are diversifying recruitment, strengthening internal pipelines, and building resilience to protect service quality and profitability.

Snapshot of the Algarve hotel market in 2025 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook.

The Manhattan market has been experiencing a prolonged post-pandemic occupancy recovery, despite strong ADR gains. Although legislative and supply changes should bolster this recovery, recent geopolitical factors and the tariffs and policy changes enacted by the new federal administration are expected to affect short-term hotel market trends. Our current demand forecast shows a full recovery beyond 2019 levels by 2027/28.

The 2025 Boutique Hotel Investment Conference by BLLA brought together hotel owners, investors, developers, advisors, and brands with a focus on independent, boutique, and lifestyle hospitality. This year’s panels and conversation centered around operational efficiency driving owner’s profitability and the renewed appetite for thoughtful, experience-driven hotel and F&B concepts. This article discusses our key takeaways from the conference.

The start of June always brings the industry together in New York City, and we HVS attendees enjoyed our time at the NYU International Hospitality Investment Forum this year. It was great to see many of you there and share our recent experiences in the industry. This article summarizes our main takeaways from the event.

The Newark Airport hotel market has faced significant adjustments since the onset of the COVID-19 pandemic. Changes to the submarket’s hotel supply, coupled with the rebound in passenger levels through Newark Airport, have resulted in a slow but steady recovery of the hotel market. Recent and upcoming expansion projects at Newark Airport support a positive outlook.

The real estate market is constantly evolving, influenced by economic factors and societal trends. Over the years, different real estate sectors have taken turns in the spotlight, with office and multi-family properties often seen as safe and stable investments. However, recent data suggests a changing landscape, with hotel assets emerging as a more attractive investment option. In this article, we will explore how real estate investment in the lodging sector is becoming more appealing.