PUBLICATIONS

Thought Leadership

We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.

Recent Insights/Articles

Coastal Virginia's Lodging Market Remains Resilient

The Coastal Virginia lodging market is one of the Mid-Atlantic's most stable hotel regions, supported by a diverse mix of military, maritime, government, business, and leisure demand. While Virginia Beach continues to command the region's highest rates, Norfolk/Portsmouth has led RevPAR growth in 2026, highlighting the strength of year-round demand across the region's distinct coastal submarkets.

HVS U.S. Lodging Tax Report

This study examines the current status and historical trends of lodging taxes and policy trends in the US and analyzes lodging tax rates and revenues across a broad range of US cities. It includes lodging tax rates/collections on 150 US cities and all 50 US states.

2026 HVS Lodging Tax Report - USA

This 16th annual Lodging Tax Study presents data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Our analysis of 25 major U.S. hotel markets shows more markets declining than growing in 2025. Through August 2026, RevPAR rose in all but one market, signaling broad-based improvement in hotel performance.

BLLA 2026 Boutique Hotel Owners Conference Takeaways: Lessons for Luxury Hospitality

This year's BLLA Boutique Hotel Owners Conference centered on wonder: how independent hotels can stand apart through distinctive guest experiences, food and beverage, art, community, and storytelling in an industry drifting toward sameness. My session added the numbers behind it, as healthy rate growth and limited new supply support the outlook, while rising operating costs continue to pressure profitability.

HVS U.S. Market Pulse: October 2026

Our forecast is anticipating a strong fall meeting and convention season, following very solid summer performance. ADR is the star of the show this year, with a robust stock market and a propensity for booking more luxury and upper-upscale stays lifting the overall average well beyond initial expectations. Other factors currently impacting our industry include inflation and staffing challenges.

Market Snapshot: Asia Pacific 2026

The Market Snapshot: Asia Pacific 2026 highlights an overview of transaction activity in the region and presents 24 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

The Caribbean’s Lodging Boom: A Summary of the Development Pipeline

The Caribbean hospitality market is undergoing a transformative period of growth, characterized by substantial new hotel development, expanding branded residential offerings, and continued investor interest. This article highlights the projects, trends, and opportunities shaping the future of Caribbean tourism and hospitality and previews the development pipeline to be presented at the upcoming CHICOS conference in November.

Beyond Revenue Growth: HVS Takeaways from The Lodging Conference

The tone of this year’s Lodging Conference was measured optimism, as strong 2026 RevPAR growth and limited new supply support the industry outlook. However, rising operating costs, expensive debt, loan maturities, and geopolitical risks continue to pressure profitability. Owners are increasingly focused on AI adoption, active asset management, brand economics, and converting revenue increases into asset value.

A Market in Transition: The Future of Downtown Dallas Hotels

Downtown Dallas hotels are navigating convention-center disruption, corporate relocations, and sports venue shifts, with FIFA boosting 2026 rates. While occupancy may remain soft until the revamped convention center reopens in 2030, factors such as Uptown development, elevated hotel/residence projects, airport investments, and major projects support a strong longer-term outlook.

HVS U.S. Market Pulse: September 2026

Our forecast is anticipating a strong fall meeting and convention season, following very solid summer performance. ADR is the star of the show this year, with a robust stock market and a propensity for booking more luxury and upper-upscale stays lifting the overall average well beyond initial expectations. Other factors currently impacting our industry include youth sports and staffing challenges.

PUBLICATIONS

Thought Leadership

We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.

Coastal Virginia's Lodging Market Remains Resilient
Coastal Virginia's Lodging Market Remains Resilient

The Coastal Virginia lodging market is one of the Mid-Atlantic's most stable hotel regions, supported by a diverse mix of military, maritime, government, business, and leisure demand. While Virginia Beach continues to command the region's highest rates, Norfolk/Portsmouth has led RevPAR growth in 2026, highlighting the strength of year-round demand across the region's distinct coastal submarkets.

HVS U.S. Lodging Tax Report
HVS U.S. Lodging Tax Report

This study examines the current status and historical trends of lodging taxes and policy trends in the US and analyzes lodging tax rates and revenues across a broad range of US cities. It includes lodging tax rates/collections on 150 US cities and all 50 US states.

2026 HVS Lodging Tax Report - USA
2026 HVS Lodging Tax Report - USA

This 16th annual Lodging Tax Study presents data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Our analysis of 25 major U.S. hotel markets shows more markets declining than growing in 2025. Through August 2026, RevPAR rose in all but one market, signaling broad-based improvement in hotel performance.

BLLA 2026 Boutique Hotel Owners Conference Takeaways: Lessons for Luxury Hospitality
BLLA 2026 Boutique Hotel Owners Conference Takeaways: Lessons for Luxury Hospitality

This year's BLLA Boutique Hotel Owners Conference centered on wonder: how independent hotels can stand apart through distinctive guest experiences, food and beverage, art, community, and storytelling in an industry drifting toward sameness. My session added the numbers behind it, as healthy rate growth and limited new supply support the outlook, while rising operating costs continue to pressure profitability.

HVS U.S. Market Pulse: October 2026
HVS U.S. Market Pulse: October 2026

Our forecast is anticipating a strong fall meeting and convention season, following very solid summer performance. ADR is the star of the show this year, with a robust stock market and a propensity for booking more luxury and upper-upscale stays lifting the overall average well beyond initial expectations. Other factors currently impacting our industry include inflation and staffing challenges.

The Caribbean’s Lodging Boom: A Summary of the Development Pipeline
The Caribbean’s Lodging Boom: A Summary of the Development Pipeline

The Caribbean hospitality market is undergoing a transformative period of growth, characterized by substantial new hotel development, expanding branded residential offerings, and continued investor interest. This article highlights the projects, trends, and opportunities shaping the future of Caribbean tourism and hospitality and previews the development pipeline to be presented at the upcoming CHICOS conference in November.

Beyond Revenue Growth: HVS Takeaways from The Lodging Conference
Beyond Revenue Growth: HVS Takeaways from The Lodging Conference

The tone of this year’s Lodging Conference was measured optimism, as strong 2026 RevPAR growth and limited new supply support the industry outlook. However, rising operating costs, expensive debt, loan maturities, and geopolitical risks continue to pressure profitability. Owners are increasingly focused on AI adoption, active asset management, brand economics, and converting revenue increases into asset value.

A Market in Transition: The Future of Downtown Dallas Hotels
A Market in Transition: The Future of Downtown Dallas Hotels

Downtown Dallas hotels are navigating convention-center disruption, corporate relocations, and sports venue shifts, with FIFA boosting 2026 rates. While occupancy may remain soft until the revamped convention center reopens in 2030, factors such as Uptown development, elevated hotel/residence projects, airport investments, and major projects support a strong longer-term outlook.

HVS U.S. Market Pulse: September 2026
HVS U.S. Market Pulse: September 2026

Our forecast is anticipating a strong fall meeting and convention season, following very solid summer performance. ADR is the star of the show this year, with a robust stock market and a propensity for booking more luxury and upper-upscale stays lifting the overall average well beyond initial expectations. Other factors currently impacting our industry include youth sports and staffing challenges.