Supply Construction

Downtown Indianapolis Hotel Market: Demand Drivers and Development Opportunities

The hotel demand landscape of Downtown Indianapolis is evolving rapidly, driven by major developments, a packed events calendar, and growing business activity downtown. With several large-scale development projects underway in a variety of sectors, ...

Nico Cooper

Consulting and Valuation Senior Associate at the HVS Chicago

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Markets & Performance

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Galveston’s Lodging Sector Evolves with Cruise Growth, Supply Changes, and Regulatory Shifts

Galveston’s lodging market is being reshaped by capital investments and regulatory changes. Since 2019, more than $400 million has been spent on new cruise terminals, resort redevelopments, and boutique hotel conversions, while cruise passenger coun...

Bunmi Oyinloye

Senior Vice President, Leader - Houston Office, Houston

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Markets & Performance

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Tucson’s Evolving Hotel Supply

Tucson’s hotel supply and investment interest have evolved in the past few years. From the addition of boutique hotels in the downtown area to new extended-stay options near hospitals and office parks, the city is experiencing one of its most dynami...

Zabada N. Abouelhana

Zabada N. Abouelhana

Project Manager in the HVS St. Louis office

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HVS

HVS U.S. Hotel Development Cost Survey 2025

In 2025, the national lodging market has continued to demonstrate resilient performance, maintaining strong average daily rate (ADR) and revenue per available room (RevPAR) metrics despite flat occupancy growth. Compared to 2023 and 2024, ADR and Re...

Luigi Major

Vice President, Houston at HVS

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Markets & Performance

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HVS

Navigating the Longer Road Back: The Recovery of Manhattan’s Hotel Market

The Manhattan market has been experiencing a prolonged post-pandemic occupancy recovery, despite strong ADR gains. Although legislative and supply changes should bolster this recovery, recent geopolitical factors and the tariffs and policy changes e...

Patricia Shih

Vice President, New York at HVS

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Markets & Performance

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National & International Policy

HVS

Beyond the Winter Escape: Sarasota’s Transformation into a Year-Round Destination

Sarasota has historically been a popular destination for transient winter travelers seeking warmer weather, resulting in heightened hotel demand in the first quarter of the year. This seasonality pattern was disrupted by the COVID-19 pandemic, when ...

Hannah McManus

Project Manager, Tampa

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Markets & Performance

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What is contributing to the dynamic growth of Montréal’s hotel supply and demand?

The Montréal hotel market has made a strong comeback from the pandemic, experiencing a 4.6% rise in room supply, in contrast to the declines in Downtown Toronto and Vancouver. This expansion, combined with a rebound in air travel, extensive hotel re...

Léa Vaksman

Associate, Montreal

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Markets & Performance

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U.S. Hotel Construction Hits Two-Year Low Amid Rising Costs and High Interest Rates

According to CoStar, there were 1,264 properties with a combined total of 151,129 guestrooms under construction in the United States as of November 2024, which represents approximately 2.6% of the existing inventory of U.S. hotel rooms. For perspect...

Robert Mandelbaum

Robert Mandelbaum

Director of Research Information Services at CBRE Hotels

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Real Estate & Investment

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CBRE Hotels

Jacksonville, FL Supports a Robust Hotel Development Pipeline Despite Economic Uncertainty

Jacksonville, FL Supports a Robust Hotel Development Pipeline Despite Economic Uncertainty

While many U.S. markets have experienced a slowdown in hotel development amid rising construction costs, increasing financing costs, and general uncertainty, the greater Jacksonville market area has continued to support a robust hotel development pi...

Hannah McManus

Project Manager, Tampa

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Supply Construction

Jacksonville, FL Supports a Robust Hotel Development Pipeline Despite Economic Uncertainty

Outpacing and Evolving: Metro Atlanta Hotel Supply Growth

According to Lodging Econometrics’ Q4 2023 US Construction Pipeline report, Atlanta ranked second nationally in the number of hotel openings in 2023, third in the number of hotels actively under construction, and second in the number of projects in ...

Courtney Vris

Senior Project Manager and Leader HVS Atlanta office

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Markets & Performance

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