A record-breaking decade of growth in the hospitality space in Southern California has now been brought to a halt by COVID-19. This article explores the impact of the pandemic on Los Angeles and other major Southern California hotel markets.
Continuing development of numerous gaming, lodging, and entertainment venues will enable the Las Vegas market to retain its status as a premier destination. This article examines trends and market developments affecting the Las Vegas hospitality market.
After recovering from an influx of new supply followed by the recession, hotel developers are looking again at Reno. New start-ups and business expansions have also stoked interest in non-gaming hotels in this historically casino-centered market.
The San Francisco hotel market experienced strong momentum in 2016, matching the city’s vigorous economy.
Although the development pipeline is anticipated to expand, the construction and opening of new hotels should continue at a modest pace.
Las Vegas received more than 42.3 million visitors in 2015, an all-time high. Year-to-date data points to a new high this year. Diversification in the area’s attractions, however, brings a shift in how visitors spend their dollars in the city.
Asheville’s hotel industry thrives on tourism, though other demand segments have been making headway. A rise in occupancy and average rate over the past several years is expected to continue, driving hotel development in the city’s downtown.