We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source provides the basis for our illustrated total development costs per room and per product type.
Sacramento has emerged as a bright spot in California’s hospitality market, with significant growth underway and on the horizon. Although recent inflation and broader economic pressures have tempered the pace of expansion, future development activity and sustained hospitality demand provide a strong foundation for long-term growth.
Less than two years after Hurricanes Helene and Milton reshaped Florida's Gulf Beaches, the Pinellas beachfront lodging market is demonstrating remarkable resilience through renewed tourism demand, major resort reinvestment, and a growing development pipeline.
Cape Town's tourism has shown remarkable resilience through global crises, with air connectivity proving to be the quiet engine behind its rise as a world-class destination. The numbers reveal surprising insights about where visitors come from, how much they spend, and how growth is spreading well beyond the city itself.
Cleveland’s hotel market is steadily recovering, driven by growing leisure travel, rebounding group and convention business, and stable healthcare demand. This diverse mix creates a balanced, resilient market, offering consistent performance and long-term stability rather than rapid, volatile growth.
HVS was proud to sponsor NYU IHIF this year. Following several months of surprisingly strong RevPAR and revenue growth, the mood was much improved from ALIS. Conversations around AI, branded residential, and renovations and conversions were most prevalent. Transaction activity is lagging the market recovery, but indications are that the buyer/seller gap is narrowing.
To measure the impact of convention center events, HVS analyzes daily hotel occupancy and ADR data to evaluate how convention events affect overall lodging revenues across entire markets and submarkets. We demonstrate how the impact on hotel occupancy and room rates varies based on market conditions.
Jersey City has undergone a significant transformation over the past decade, driven by extensive commercial and residential development efforts. Strong connectivity to Manhattan, combined with expansive Hudson River waterfront areas, has enhanced the city’s appeal to residents and businesses seeking accessibility to New York City with relatively lower costs.
HVS is pleased to present the Hospitality GCC Hotel Owner & Investor Survey, offering insights into market sentiment and expectations across the region. While uncertainty continues to influence decision-making, the hospitality sector has consistently shown resilience and adaptability. Investors that remain flexible and responsive to evolving market trends are likely to be better positioned for future opportunities.
Paid Publication
Nehmer and HVS Design, leading architecture, interior design, and project management firms specializing in the hospitality industry, are proud to announce the release of the 2026 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.
Now in its 18th year, the 2026 Hotel Cost Estimating Guide evaluates costs in a variety of hotel tiers, including Economy, Extended Stay, Midscale, Upscale, Upper Upscale, and Luxury. Within each tier, costs are separated into the categories of Guestrooms, Guest Bathrooms, Guestroom Corridors; Public Spaces; Food & Beverage; Function Spaces; Guest Amenities; Infrastructure; and Common Additives.
The following firms contributed unit cost data to the 2026 Hotel Cost Estimating Guide: Ironstar Construction Inc., POK Construction, Zerr Enterprises, Reliance Construction Company, and Benjamin West.
The Hotel Cost Estimating Guide is available as a complimentary download at www.hotelcostestimatingguide.com.
We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source provides the basis for our illustrated total development costs per room and per product type.
Sacramento has emerged as a bright spot in California’s hospitality market, with significant growth underway and on the horizon. Although recent inflation and broader economic pressures have tempered the pace of expansion, future development activity and sustained hospitality demand provide a strong foundation for long-term growth.
Less than two years after Hurricanes Helene and Milton reshaped Florida's Gulf Beaches, the Pinellas beachfront lodging market is demonstrating remarkable resilience through renewed tourism demand, major resort reinvestment, and a growing development pipeline.
Cape Town's tourism has shown remarkable resilience through global crises, with air connectivity proving to be the quiet engine behind its rise as a world-class destination. The numbers reveal surprising insights about where visitors come from, how much they spend, and how growth is spreading well beyond the city itself.
Cleveland’s hotel market is steadily recovering, driven by growing leisure travel, rebounding group and convention business, and stable healthcare demand. This diverse mix creates a balanced, resilient market, offering consistent performance and long-term stability rather than rapid, volatile growth.
HVS was proud to sponsor NYU IHIF this year. Following several months of surprisingly strong RevPAR and revenue growth, the mood was much improved from ALIS. Conversations around AI, branded residential, and renovations and conversions were most prevalent. Transaction activity is lagging the market recovery, but indications are that the buyer/seller gap is narrowing.
To measure the impact of convention center events, HVS analyzes daily hotel occupancy and ADR data to evaluate how convention events affect overall lodging revenues across entire markets and submarkets. We demonstrate how the impact on hotel occupancy and room rates varies based on market conditions.
Jersey City has undergone a significant transformation over the past decade, driven by extensive commercial and residential development efforts. Strong connectivity to Manhattan, combined with expansive Hudson River waterfront areas, has enhanced the city’s appeal to residents and businesses seeking accessibility to New York City with relatively lower costs.
HVS is pleased to present the Hospitality GCC Hotel Owner & Investor Survey, offering insights into market sentiment and expectations across the region. While uncertainty continues to influence decision-making, the hospitality sector has consistently shown resilience and adaptability. Investors that remain flexible and responsive to evolving market trends are likely to be better positioned for future opportunities.
Nehmer and HVS Design, leading architecture, interior design, and project management firms specializing in the hospitality industry, are proud to announce the release of the 2026 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations. Now in its 18th year, the 2026 Hotel Cost Estimating Guide evaluates costs in a variety of hotel tiers, including Economy, Extended…
Robust demand in urban centers continues to drive Canadian hotel values despite high interest rate environment.
