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Slow but Steady Recovery for the Silicon Valley Lodging Market

Silicon Valley historically experienced strong lodging performance driven by high-rated corporate demand during the week. Thus, the rise of remote work policies has had an impact on recovery. However, the presence of Big Tech, surging interest in AI technology, and expansion of the life-sciences sector are anticipated to drive growth in this market over the long term.

August 18, 2023 By John Berean , Jason Lee

Development & Construction , Technology , Economic Trends and Cycles , COVID-19 , San Jose , California , United States , North America , Milpitas , Cupertino , Campbell , Los Gatos , Palo Alto , Mountain View , Los Altos , Santa Clara , Sunnyvale

Travel Trends and Supply Changes for the Hawaii Lodging Market

Despite the significant impact of the COVID-19 pandemic in 2020 and early 2021, the state of Hawaii experienced a historic surge in domestic tourism, driving RevPAR to record levels in 2022. This article explores recent hotel performance throughout the state, as well as the outlook for the future.

May 9, 2023 By John Berean

Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Hawaii , United States , North America , Hana , Honolulu , Wailea-Makena , Princeville

U.S. Hotel Development Cost Survey 2021

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/per product type. HVS has tracked hotel construction budgets throughout the United States since 1976.

February 24, 2022 By John Berean

Hotel Investments & Ownership , Development & Construction , Economic Trends and Cycles , Hotel Companies , United States , North America

COVID-19’s Impact on the Silicon Valley Lodging Market

Since the onset of the COVID-19 pandemic, the San Francisco Bay Area has been one of the most severely affected markets in the nation. Silicon Valley, despite its status as the technology capital of the world, experienced significant declines in lodging performance because of its historical reliance on higher-rated business travel. This article discusses the changing business dynamics in Silicon Valley and the impact of the pandemic on the local hotel market.

February 22, 2022 By John Berean

Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , San Jose , California , United States , North America , Mountain View , Sunnyvale , Palo Alto , San Francisco

COVID-19’s Impact on the San Francisco Lodging Market

Consistently ranked as one of the top lodging markets in the United States, San Francisco is now one of the cities most affected by the COVID-19 pandemic. From the 1849 Gold Rush to the present day, San Francisco has been known for its boom-and-bust economy, and a full recovery from the current downturn is expected, as in years past. This article explores recent lodging trends for San Francisco and offers a high-level perspective on the road to recovery.

March 30, 2021 By John Berean

Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , San Francisco , California , United States , North America

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