The HVS Executive Search Hong Kong office announced promotions for Chris Anklin, Scott Chiesa and Debbie Ma.
Despite turbulence in the global economy, 2011 was a triumphant year for the region, with markets setting new records. In this update: tourism trends, hotel market performance and the China Outbound Market.
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.
Shipping and manufacturing have been the backbone of Chattanooga’s economy for more than a century. New investments in leisure attractions and commercial facilities are encouraging even more guests to pass through, bringing business to local hotels.
The East Coast’s Mid-Atlantic States are poised for gaming growth; this article examines new competition, and recent events in both developing and mature markets.
Year-end 2011 RevPAR in Miami-Dade County surpassed the 2007 level, or what is generally regarded as the peak of the market. The Miami Beach, Downtown/Brickell, and the Airport markets performed strongly and are poised to have another great year.
The 2012 European Hotel Valuation Index tracks trends in upscale hotel values in 33 key European markets. 2011
started as a year of improved performance, but it deteriorated to renewed uncertainty about the future during the second half of the year.
Military installations—some expanded, others diminished—in Georgia, South Carolina, and North Carolina are impacting hotel demand and average rates.
The hotel industry in New Orleans has struggled to regain its footing in the years since Hurricane Katrina, but new data suggest a recovery is underway.
The 2nd edition of an ongoing series of quarterly newsletters being published by HVS in Florida, covering key hotel markets in the state. This newsletter reviews long-term trends in visitation and hotel market performance in the Metro Orlando area.