Opinion Articles - north-america
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HVS Market Pulse: Colorado Springs, CO - Downtown Poised for Revitalization

By

Initially, the CEDC fronted the initiative dubbed "City for Champions" by promoting four projects to increase tourism and rejuvenate the city's sagging economy; however, five projects emerged in 2018 after the planned Sports & Events Center was reengineering to create two venues--the Colorado College indoor Robson Arena and Downtown's CityGate outdoor Weidner Stadium.

Hotel Spas: Not Just For Resorts Anymore

By Jenna Finkelstein - Consultant at PKF Consulting USA, LLC By Mark VanStekelenburg - Managing Director, Northeast Practice, New York, Boston CBRE Hotels

According to the December 2018 edition of CBRE's Hotel Horizons, the annual growth in RevPAR for U.S. hotels is forecast to decelerate from 2.8 percent in 2018 to 0.1 percent in 2021. As the main source of hotel revenue is plateauing, hoteliers are looking up and down their operating statements to find alternative sources of income.

5 Things Local Businesses Need to Know About Google Reviews

By Michael Del Gigante - Chief Executive Officer at MDG Advertising

But exactly how important is this feedback from consumers? Do people turn to ratings and reviews left directly on Google over ratings and reviews left on other online platforms? Which demographics rely most heavily on this type of information? How do Google reviews and ratings impact search rankings?To find out, MDG Advertising's social media team took a close look at a number of recent industry surveys and analyst reports.

Technology in the Hospitality Industry - Have We Gone Too Far?

By Court Williams - CEO Executive Search at HVS New York By

The hospitality industry is changing, and is rapidly becoming super high-tech. While we can argue that this benefits guests--and it certainly benefits vendors--how much is it taking away from the guest's personal experience? Theoretically, it should improve the customer experience, particularly through the use of data collected by using the various technologies.

HVS Market Pulse: Chicago Ascending

By Dana Waud Floberg - Vice President at HVS Chicago By Stacey E. Nadolny - HVS Managing Director and Senior Partner

Of the eight new hotels that entered Downtown Chicago in 2018, the largest individual hotel was the 336-room Aloft Streeterville, the largest Aloft in North America. The Hotel Zachary, a Tribute Portfolio affiliate, opened across from Wrigley Field just in time for MLB's Opening Day.

HVS Market Pulse: Pittsburgh's Transformation

By Jerod S. Byrd - Senior Vice President, Partner and Director of Operations of the HVS Philadelphia Consulting and Valuation division By Dinaker P. Mallya - Project Manager at HVS Philadelphia

Developments are well underway in Pittsburgh. Over a dozen hotels have recently opened or are under construction in Downtown Pittsburgh. The market experienced an influx in hotel supply in 2016/17; the new rooms were mostly absorbed by the market in 2018 with the help of strengthening employment and an uptick in Marcellus Shale activity.