The COVID-19 pandemic and resulting restrictions on domestic and international travel, economic activity, and individual movement are having an unprecedented impact on the lodging and tourism industry in Latin America. While government authorities across the region work to manage restrictions and phased reopening plans, uncertainty prevails over the duration of the global pandemic.
If you would like to view the recording of the September 8, 2020, global webinar, you can access it here. It covers valuable information about the current state of the hospitality industry across global regions, as well as candid insights into the future of the hospitality industry. You can also access the related slides by clicking on the PDF button above.
After record-breaking visitation in 2019, the Caribbean was well positioned for another stellar year. However, despite a very low infection rate in the region, the COVID-19 pandemic has presented a wide range of new challenges for stakeholders in the region.
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
Demand from a variety of sources has risen in Chicago, pushing occupancy to a ten-year high in 2015. More than 6,000 new rooms are expected in the market over the next three years, though average rates and hotel values should continue to grow.
Glasgow's hosting of international events has increased its global exposure and led to the development of a cosmopolitan hotel pipeline, which is in itself a sign of greater investor confidence in Scotland's second city.
Nearly 300 stakeholders in hospitality markets across the Caribbean came together in San Juan for HVS’s 6th annual regional hotel conference. What are the latest revelations for the region’s hospitality industry?
Vicki Richman attended Disney Institute. We have incorporated much of what she learned into our company. Every year we improve our company’s culture and that of our hotels. If the Walt Disney Company is any benchmark, it's clearly worth doing.
HVS held its fifth annual Caribbean Hotel Investment Conference and Operations Summit (CHICOS) in San Juan, Puerto Rico on November 12–13, where discussions on financing trends, emerging markets, and development pipelines had a common theme: growth.
Today's rising popularity of all-inclusive resorts is directly correlated to the value proposition for the guest. The resorts that offer customized products and services with personalized experiences are beneficial to both the owner and the customer.