HVS | John Berean

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U.S. Hotel Development Cost Survey 2021-22

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 , Noella Moon

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

HVS Market Pulse: State of Hawaii

Hotels in the state of Hawaii reached record RevPAR levels in 2018, supported by continued growth in visitation.

May 16, 2019 By John Berean

Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , North America , United States , Hawaii

HVS Market Pulse: San Francisco, CA

San Francisco continues to rank among the top domestic lodging markets, attributed to the strength of the tech industry, strong year-round tourism, and limited supply growth.

February 21, 2019 By John Berean

Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , North America , United States , California , San Francisco

HVS Market Pulse: Sacramento, CA

Sacramento is the capital of California and the sixth most populous city within the state. The area is experiencing a period of economic expansion, as evidenced by numerous local development projects.

October 17, 2018 By John Berean , Li Chen

Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , North America , Sacramento , California

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