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Michael Smithson

Senior Project Manager at HVS Phoenix

Michael SmithsonMichael Smithson, a Phoenix-based Senior Project Manager with the HVS Los Angeles and Las Vegas offices, melds a passion for hotels with a mind for all the intricacies of hotel development, financing, and valuation. Michael graduated magna cum laude with a BS in Hotel & Restaurant Management, with a concentration in Hotel Development and a minor in Finance, from the Conrad N. Hilton College at the University of Houston. Michael is also a Certified Hotel Industry Analyst (CHIA). Contact Michael at (214) 629-5909 or [email protected]

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Insights by Michael Smithson (4)

COVID-19’s Impact on the Phoenix Lodging Market

During the Great Recession, Metro Phoenix's[1] occupancy fell nearly 16 points from its pre-recession peak of 68.2% in 2006 to 52.4% in 2009. However, occupancy fell from the 2019 peak of 70.5% to 47.

HVS Market Pulse: Greater Phoenix, AZ

Following several years of strong RevPAR growth leading up to Super Bowl XLIX in 2015, growth in the Phoenix market has slowed somewhat. ADR growth was modest in 2016, as much of the market experienced a post-Super Bowl correction, but ADR rebounded in 2017.

HVS Market Pulse: Tucson, AZ

The Tucson lodging market often lives in the shadow of its bigger sibling, Phoenix. And while meeting and group demand in both markets is driven by Arizona's idyllic weather during the winter and spring, differences in local dynamics paint significantly different pictures in terms of leisure and commercial demand.

Market Pulse: Tucson, AZ

Tucson, like much of the Southwest, has undergone a prolonged recovery since the 2008/09 recession. Tucson's hotel market realized unprecedented growth in the years leading up to 2008. But the hotel supply pipeline has been muted in recent years, and hotel performance still falls short of the prior peak.
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