Hotel Market Recovery – Minneapolis-St. Paul
Reeling from the impact of new supply, seasonality, civil unrest, and a global pandemic, Minneapolis-St. Paul hotels faced a staggering RevPAR drop in 2020, worse than most cities in the United States. While the greater metro-area hotel market has begun to bounce back, it is at a much a slower pace than the national rebound. What has the recovery looked like thus far? When will the market return to pre-pandemic levels?
HVS Monday Musings: Remote Work Creating Opportunities for the Hospitality Industry
Remote work has opened several new avenues for hotels, including new customer segments and ancillary revenue streams. However, with most companies across industries now getting back to a hybrid or full work-from-office model, will these concepts continue to grow?
The Development Boom in the Dominican Republic
Over the last decade, the Dominican Republic has experienced robust growth in visitation, coupled with increased investment in the hospitality sector. This article explores the latest development trends in this important Caribbean destination.
HVS Monday Musings: International Flight Resumption – A Gradual Return to Normalcy for the Indian Travel Sector
The resumption of regular international flights in India is the first step towards a gradual return to normalcy for the travel and hospitality sectors. Read on to know more.
African Safaris – Opportunities to Invest in the Wildlife Economy
Post-pandemic travel trends indicate a strong demand for travel to Africa’s safari destinations, opening up opportunities for Investors and High-Net-Worth Individuals to invest in a fast-growing wildlife economy.
HVS India Hospitality Industry Overview 2021
This report highlights the key trends in the Indian hospitality industry in 2021 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2022.
2022 Hunter Conference Takeaways
Buyers face challenges with high pricing, elevated operating costs, and labor issues, but the industry remains optimistic.
HVS Monday Musings: Caravan Tourism – Discovering the Roads Less Travelled
Caravan tourism, a well-established niche segment of experiential tourism globally, is still at a nascent stage in India. Collaborative efforts by government agencies and industry stakeholders can help this segment become a success.
HVS Las Vegas Casino and Hotel Market Outlook 2022
The number of visitors to Las Vegas exceeded 32.2 million in 2021, which was 10.7 million below the peak number of visitors in 2016. However, gaming revenue in Clark County in 2021 was $11.5 billion, which was approximately $600 million above the prior peak achieved in 2007. Occupied rooms in Las Vegas grew 70.7% in 2021, compared to 2020, from 21.2 million to 36.2 million; total occupancy for the year was 66.8%.
HVS Monday Musings: Indian Hospitality Sector – Skill Shortage to Hinder Recovery and Growth
The Indian hospitality industry has long struggled with a shortage of trained workforce. Several factors and perceptions have contributed to this, and the situation is expected to worsen post the pandemic.