I recently polled our U.S.-based HVS senior consultants to predict the direction of the hotel industry for 2020. While nationwide occupancy is expected to decline slightly, with ADR increasing only minimally, the outlook for the transactions market remains favorable.
The 2019 Western Canadian Lodging Conference (WCLC) that was held on November 25 and 26, 2019 in Vancouver. Caution was the dominant sentiment expressed at the event as the industry expects a slowdown in the near term.
Boise’s influx of new hotels since 2016 resulted in a year of absorption in 2019. This article reviews Boise’s current economic projects, tourism trends, the impact of the hotel development pipeline, and the per-diem rate increase in 2019, as well as the outlook for 2020.
The Caribbean Hotel Investment Conference & Operations Summit (CHICOS), enthusiastically announces that the 10th anniversary edition of CHICOS, scheduled for November 12–13, 2020, will be hosted at the Grand Hyatt in the highly praised Baha Mar resort complex in Nassau, Bahamas.
The Caribbean Hotel Investment Conference and Operations Summit (CHICOS), the only forum in the region for discussion of relevant and timely hospitality development issues, just concluded its 9th edition with great fanfare and a record-breaking 325-person attendance.
HVS Brokerage & Advisory is pleased to announce that it has closed on the sale of the 89-key Comfort Inn & Suites Houston West-Katy, located at 22025 Katy Freeway, Katy, TX.
