HVS | Luigi Major

My Articles

Impact of COVID-19 on the Tucson Hotel Market

As with the rest of the country, the Tucson lodging market has been negatively affected by the ongoing COVID-19 pandemic. After reaching an all-time peak in performance in 2019, following eight years of nearly year-over-year growth, hotel performance came to a screeching halt in early March when travel restrictions began to take place around the country.

July 9, 2020 By Luigi Major

Hotel Operations , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Tucson , Arizona , United States , North America

Impact of COVID-19 on Los Angeles & Southern California Hotel Markets

A record-breaking decade of growth in the hospitality space in Southern California has now been brought to a halt by COVID-19. This article explores the impact of the pandemic on Los Angeles and other major Southern California hotel markets.

April 21, 2020 By Luigi Major

Hotel Investments & Ownership , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Los Angeles , California , United States

HVS U.S. Hotel Development Cost Survey 2018/19

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.

September 19, 2019 By Luigi Major

Hotel Investments & Ownership , Lending , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , North America , United States

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

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

HVS U.S. Hotel Development Cost Survey 2017/18

November 20, 2018 By Luigi Major

Hotel Investments & Ownership , Lending , Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , North America , United States

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 , United States , North America

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

Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , North America , United States , Palm Springs , California , Coachella

HVS U.S. Development Cost Survey

This research report is a benchmark for development cost across different hotel classes, with research and a compilation of development costs from actual hotel construction budgets, including an illustrated total development cost per room/per product type.

January 1, 2018 By Luigi Major

Development & Construction , United States , North America

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 , United States , North America

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

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

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 , Luigi Major , Li Chen

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

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

Hotel Investments & Ownership , Development & Construction , Brokerage & Transactions , Economic Trends and Cycles , Houston , Texas , United States , North America

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 , North America

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 , North America

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 , North America

Luigi Major, MAI

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