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Los Angeles County is one of the largest lodging submarkets in the United States. A revitalizing downtown area, one of the nation's largest international airports, a diverse local economy, and a significant entertainment presence have contributed to a strong lodging demand rebound following the recent economic recession. The following article provides an overview of three Los Angeles County lodgi...

The past several decades have seen a growing awareness amongst hoteliers and investors regarding the environmental and social impacts of hotel development and operations – to the extent where sustainability issues have permeated nearly every aspect of the hospitality industry. This has been driven by multiple factors including owners' and operators' desires to reduce operational costs, changing i...

Asia Pacific has provided hotel chains significant opportunities for growth. The top ten leading groups cumulated a total inventory of approximately 770,000 rooms under the management, franchise and/or lease models, as at the third quarter of 2011. Among the top ten, there is a good balance of hotel groups which originated from Asia Pacific and those from outside the region. Out of the five hotel...

Edwardian’s Latest Feature | Hyatt’s Hat-Trick | Mövenpick Reaches 100 | Marriott’s Three For Europe| Thompson Hotels Makes UK Debut | Three More For Worldhotels | Budget Firm Continues To Travel Across The UK | A River View For Le Méridien In Turkey | Macdonald Hotels & Resorts Makes History | Dubai Debut For Mercure | First St. Regis For Middle East | InterContinental In The City | ...

While the U.S. struggles with the downturn of the economy, the country is not realizing its potential to increase jobs and GDP through international tourism – more specifically, Chinese outbound tourism. The demand exists – the booming economy in China has enabled more and more people to travel farther and for longer. The supply exists – the US has great cultural, natural, and commercial resource...

Amsterdam's hotel sector has demonstrated enviable resilience to the downturn, with business and conference travellers increasingly attracted to the city and a large number of tourists staying for extended weekends. A new report by hotel consultancy HVS London says that the success of Amsterdam's hotel sector, while other markets in Europe have suffered more acutely, is due to its easy access, co...

Accor has sold the 617-room Pullman Paris Rive Gauche to Bouygues Immobilier, the property development subsidiary of Paris-based conglomerate Bouygues Group, for €77 million. Accor reported that the hotel's operating performance and technical standards were not in line with the group's requirements, and the hotel is to shut down this year, leaving Accor with four Pullman-branded hotels in the Fre...

This article discusses why the cost of capital available to developers influences whether they will require subsidies. A strategy to minimize public subsidies involves seeking the most qualified developer who also has the lowest cost of capital. Public-private partnerships can be an effective means to initiate economic development projects. Development types can include a range of properties incl...

According to HVI co-authors Michael L. Mele, Chu Xu, and Rebecca Lee, "The U.S. economy is continuing its recovery from the financial crisis. Growth occurred at a relatively slow pace in the first half of 2011, but accelerated in the latter half. The factors which impeded growth in the first half of the year included: the stock market turmoil, the downgrade of the U.S. Treasuries' credit rating, ...