Pandemics and the Lodging Industry 
By Anne Lloyd-Jones, MAI, CRE

As of the writing of this article, the Coronavirus pandemic is only a few weeks old, yet it is clear that this event is already having a significant impact on the travel industry. The World Health Organization (WHO) has declared the virus, now known as COVID-19,  a global health emergency, and individual governments have imposed travel restrictions and other measures, principally directed at travellers arriving from China. With the Coronavirus scare gaining momentum, this article revisits the 2003 SARS pandemic, seeking insight into the potential impact on individual markets and travel as a whole.

Canadian Lodging Outlook Quarterly 2019-Q4 

Hotel demand held steady in 2019 however new inventory caused national occupancy to decline by 1 point to 65%. Average rate growth mitigated the impact leading to a virtually flat RevPAR year.

Amazon in Music City: The Anticipated Impact on the Lodging Industry 
By Marc Greeley and Benjamin Levin

In 2018, Amazon announced the locations for its coveted HQ2. Along with this announcement, the company also disclosed a new Center for Operational Excellence to be built in Downtown Nashville, bringing with it 5,000 new high-paying jobs. But how will this impact the local lodging industry, especially amid a massive number of new hotels flooding the market?

HVS Central Florida 2020 State of the Hotel Market  
By Donald Stephens Jr.

Orlando has long been distinguished as an iconic vacation destination by continuing its ranking as the No. 1 destination in the United States, according to Visit Florida. Since 2013, Orlando has reigned as the nation’s “Most Visited Tourist Destination.” With multiple factors driving Orlando’s appeal, hotel investors and developers are curious as to what is on the horizon for the hospitality market in Central Florida. With a variety of hotels and attractions in the Metro Orlando pipeline, and major international brands continuing investment in the market, the metrics point toward continued success in 2020 and beyond.

HVS Market Pulse: Minneapolis-St. Paul Lodging Market Perceptions 
By Tanya Pierson, MAI and Justin Westad

Albeit often not the winter weather, the lower cost of living, numerous leisure and recreational attractions, and the presence of Fortune 500 companies drives the appeal of the Twin Cities. While 2018 was a record year for the metro hospitality market, 2019 was less profitable for many of the roughly 370 hotels in the hub of the nation’s friendliest state.

HVS Market Pulse: Detroit, MI 
By Brandon Leversee

Hotel development in Detroit continues full steam ahead, even as multiple large-scale residential developments are scaled back due to rising construction costs. Is Downtown Detroit prepared for the next round of hotel development within the Motor City?

HVS Market Pulse: Cape Cod 
By Roth Johnson

Cape Cod has long been one of the most popular summer destinations in the Northeast, known for its quaint, aptly named, Cape Cod-style homes and world-class seafood, along with unique lodging options. Despite some short-term headwinds, the Cape Cod hotel market is poised for long-term success.

Investment Opportunity - Best Western Oakdale Inn, Louisiana 

HVS, as the sole advisory firm to Ownership, is pleased to present the opportunity to acquire the 56-key Best Western Oakdale Inn, a recently renovated, limited-service asset. Given the excellent physical condition of the Property, a minimal change-of-ownership PIP is expected at $112,000 ($2,000 per key). Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

HVS in the News 

• Potential Sites For University City's First Hotel Discussed
• Convention center dilemma no closer to an answer
• Report: Coronavirus will impact visits to U.S. from China
• Delaware Avenue Site Recommended for Convention Center
• University City officials consider locations for upscale hotel
• Roy leaders eager to bring in hotel as part of economic development efforts
• Luxury hotel treatment rooms generate more than double the revenue
• Carmel hotel project more than $20 million over original budget
• Despite pressure on profits, brokers buoyant about market
• North Carolina seeks developer for headquarters hotel
• Hot L.A. leads strong West Coast development pipeline
• Convention authority agrees to loan restructuring to pay back Nationwide for arena
• Hotel transactions to stay high in the first half of 2020

HVS is Speaking Near You 

• March 5, 2020: Suzanne Mellen at the California Lodging Investment Conference in Orange County, CA.
• March 5, 2020: Luigi Major at the California Lodging Investment Conference in Orange County, CA.
• March 18, 2020: Russ Rivard at the Hunter Conference in Atlanta, GA.
• March 20, 2020: Dana Floberg at Leadership in a Rapidly Changing Hospitality Landscape in Boston, MA.
• March 25, 2020: Luigi Major at the International Association of Assessing Officers Spring Seminar in Montebello, CA.

HVS Seeking Job Candidates to Join Us This Summer 
By Rod Clough, MAI

If you are looking for a career change or are graduating this May and are interested in working for the country’s leading hospitality consultancy, consider applying today.