HVS | Luigi Major

My Articles

HVS Market Pulse: Los Angeles, CA

In 2018, Los Angeles welcomed a record 50 million visitors, with hotel occupancies and average rates reaching peak levels. Nevertheless, hotels have begun to feel the effects of new supply. This article provides an outlook for 2019.

March 20, 2019 By Luigi Major

HVS Hotel Development Cost Survey 2017/18

Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.

November 20, 2018 By Luigi Major

Development & Construction , Economic Trends and Cycles

Blurred Lines between Hotels and Airbnb

Consumers today continue to seek exciting and unique experiences when they travel, and the lines between hotels and alternative lodging options, such as Airbnb, continues to be blurred.

September 19, 2018 By Luigi Major

Development & Construction , Travel & Tourism , Hotel Brands , Hotel Management

Market Pulse: Palm Springs & Desert Cities

With demand levels on the rise and several redevelopment and revitalization projects occurring in the area, the Coachella Valley is experiencing a renaissance.

February 14, 2018 By Luigi Major

Top 6 Hotel Success Factors

In this article, Luigi shares what he believes to be some of the most important factors that must be considered in the acquisition or development of a hotel, which ultimately lead to a property’s financeability, profitability, and long-term success.

August 28, 2017 By Luigi Major

Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles

In Focus: Houston, TX

Thanks to energy-driven demand, Houston achieved record occupancy levels in 2014. The recent fall of oil and gas prices and more than 5,000 new rooms on the horizon poses a challenge to market-wide occupancy, though average rates continue to climb.

February 25, 2016 By Luigi Major

Four Key Takeaways | Meet the Money 2015

Hoteliers and financiers met in Los Angeles to discuss the pitfalls and possibilities for U.S. hotel investment as the industry continues its upturn in performance.

May 18, 2015 By Susan Furbay , Li Chen , Luigi Major

Hotel Investments & Ownership , Lending , Valuations & Market Studies , Economic Trends and Cycles

In Focus: Houston, Texas

A booming economy, along with record growth in population and jobs, is bringing about the best lodging market performance in Houston’s history. Can hoteliers count on this growth to last?

July 31, 2014 By Luigi Major , Yimei Tang

Effects of Major Renovations on Hotel Market Penetration and Net Present Value

In this article, we seek to understand and quantify, through analysis, the impact of a major renovation on a hotel’s occupancy and rate penetration and, ultimately, the effect on income and net present value.

February 27, 2014 By Luigi Major

Hotel Investments & Ownership , Hotel Operations , Valuations & Market Studies , Economic Trends and Cycles

Market Intelligence Report 2013: Houston

With demand driven by energy, health care, and shipping, Houston’s hotel market reached historically high occupancy and average rate in 2013. The following article tracks trends in hotel supply, demand, and performance across the city’s submarkets.

June 10, 2013 By Luigi Major

Valuations & Market Studies , Economic Trends and Cycles

HVS Market Intelligence Report: Houston Hotels in 2012

Energy prices, strong for the past several years and rising in 2012, have driven impressive growth in jobs, commercial space, and other developments in Houston. This growth and major planned projects continue to pump hotel demand into the city.

April 4, 2012 By Luigi Major

Valuations & Market Studies

HVS Report: Foreign Direct Investment, Commercial Real Estate, and Hotel Development in Mexico City

Mexico City is one of the most densely populated and developed urban areas in the world. How will rising foreign direct investment amplify the dynamics of the city’s office and lodging markets in the wake of the recent recession?

February 23, 2011 By Luigi Major , Raul Duarte , Richard J. Katzman

Valuations & Market Studies , Economic Trends and Cycles

San Miguel de Allende - A Beacon for the Tourism Potential of Colonial Towns and Villages

The dynamics of San Miguel de Allende’s lodging and tourism market illustrate opportunities for growth for lesser-known towns rich in history, architecture, and culture.

January 23, 2009 By Luigi Major

Valuations & Market Studies , Economic Trends and Cycles

Mexico's Growing Trend: Master-Planned Resort-Residential Communities

Mexico’s tourism industry has been at the forefront of international lodging trends, and the country is once again reinventing its coastlines and interior colonial towns with the proliferation of master-planned resort-residential communities.

November 7, 2008 By Luigi Major

Sales & Marketing , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles

Guadalajara — Preparing for the Future

The popularity of Guadalajara has surged in recent years, attracting new businesses, residents, and developments that are positioning the city as a world-class business and travel destination.

May 16, 2008 By Luigi Major

Lending , Hotel Operations , Sales & Marketing , Valuations & Market Studies , Economic Trends and Cycles

Luigi Major, MAI

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