Unemployment in Philadelphia remains high, though the city’s broad economic base continues to slowly recover. RevPAR levels for Philadelphia hotels are expected to strengthen in the near term, with demand outpacing recent supply additions.
Fortune 500 companies, universities, and a thriving arts and culture scene drive commercial, meeting and group, and leisure demand to Minneapolis hotels, which have experienced a solid recovery over the past two years.
In this article, a case study is used as the basis for examining the various types of comparable sales adjustments, and the logic behind their application.
Metro Denver’s economy is set to outperform the nation’s this year, and conventions in the city are on the rise. Hotel RevPAR in 2012 surpassed Denver’s pre-recession high, and healthy demand levels are pushing the pace of hotel transactions.
Underpinned by emblems of education, government, business, music, and history, Austin’s economy ranks among the best in the nation. New full-service hotels should lead to more convention demand, with hotel performance growth expected market-wide.
Data compilation is a key component to any hotel’s success, but management must intelligently evaluate the efficacy of the data and apply it to ongoing decision making in order to be successful in today’s technology-driven management world.
New business partnerships, investments in high-tech companies and facilities, and rising hotel demand and average rates point toward a path of growth for Lansing’s economy and hotels.
This review of Sascha Reichstein’s Be my Guest, examines Hilton’s dual role as an international American symbol and a local institution. Reichstein’s book uses photographic images and employee interviews to contrast two international Hilton hotels.
The 2012 European Hotel Valuation Index tracks trends in upscale hotel values in 33 key European markets. 2011
started as a year of improved performance, but it deteriorated to renewed uncertainty about the future during the second half of the year.
Steve Rushmore's October 2011 column in Lodging Hospitality magazine.