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Opinion Articles

Opinion Article

Final Call: Finalizing Your 2025 Hotel Budget and Flipping it to a Forecast

As we turn the calendar to 2025, hotel owners and operators are finalizing their annual budgets and ensuring they align with the latest market conditions. With STR forecasting modest growth for 2025, it’s critical for hoteliers to move beyond static budgets, take dynamic market conditions into account, and put operational strategies in place to meet and exceed budget. Here’s how to navigate the year ahead with a combination of operational adjustments and dynamic forecasting.

Jason Q. Freed
By Jason Q. Freed, Hospitality Data Evangelist, Otelier
Opinion Article

The Allure of Winter Travel or Why Cold Is the New Hot

Destinations in the North such as Iceland, Finland, Norway have become more popular in the recent years. Instead of picking tropical each getaways, some tourists prefer to travel to cold places in the winter months. What is there to it to the “cold is the new hot” travel tendency of some tourists?Digital communication and Marketing expert Dr. Alessandro Inversini and Lionel Saul, research assistant at EHL, and Urs Binggeli, Senior travel expert at McKinsey, weigh in on the motivations and reasons behind this phenomenon.

Alessandro InversiniLionel SaulBianca Lüthy
By Alessandro Inversini, Lionel Saul, and Bianca Lüthy
Opinion Article

Stability, Revitalization, and Growth: A Look at Kansas City’s Three Prominent Submarkets

Downtown Kansas City and the Country Club Plaza are established submarkets in Kansas City, each with strong demand generators and numerous hotels, while Village West is a growing submarket with a strong pipeline of development. While these markets are all in different economic stages, the outlook is optimistic for all three.

Benjamin Giebler
By Benjamin Giebler, Project Manager, St. Louis, HVS
Kansas City, Missouri, United States
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Opinion Article

Hotel Performance Insights: Benchmarking and Trends from the Mews Data Snap 2024

Data isn’t meaningful unless you do something with it. Let's say your average RevPAR for June is $150. Alone, that doesn’t mean very much. But what if you compare that number to the average RevPAR, globally and within your region? If you measure whether you’re improving year-on-year, month-on-month? If you look beyond RevPAR to accompanying key metrics?

Tom Brown
By Tom Brown, Principal Copywriter, Mews
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Opinion Article

2024 Hotel Chain Development Pipelines in Africa

In 2024, Africa’s hotel development story can be summed up with five key words: ‘Egypt and the Big 5’. This time, the 'Big 5' doesn’t refer to Africa’s famous wildlife, but rather the global hotel chains — Accor, Hilton, IHG, Marriott International, and Radisson Hotel Group. The African Hotel Chain Development Pipeline Report, the most trusted industry source, shows that Egypt holds a 28% market share, with the Big 5 hotel groups responsible for 71% of the pipeline across the continent.

Trevor Ward
By Trevor Ward, Managing Director, W Hospitality Group
Opinion Article

H1 2024 European Hotel Transactions

Coming out of a high-inflation, high-interest-rate environment, which negatively impacted hotel transactions in Europe in 2023, transaction activity increased to the highest levels since 2019 in the first half of 2024. Reaching €10.6 billion, the total volume transacted increased by 123% year-on-year, already reaching the total volume for the whole of 2023. There were 20% more transactions this semester, with a decrease of 11% in the number of rooms per hotel, translating into a 30% increase in price per room over H1 2023.

Sophie PerretMaxime Gauthier
By Sophie Perret and Maxime Gauthier
Opinion Article

Market Snapshot: Asia Pacific 2024

The Market Snapshot: Asia Pacific 2024 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.

Hok Yean Chee
By Hok Yean Chee, Regional President of HVS Asia Pacific, HVS
Opinion Article

September 2024 Hotel Industry Outlook: Anticipating Accelerated Growth

Lower inflation, continued job creation, and the anticipated benefits of the recent cut in the federal funds rate provide a foundation for optimism about the U.S. economy. In the lodging sector, as different markets and segments continue to post varying results, we anticipate the overall trend of positive, albeit muted, growth to persist in the near term.

Anne Lloyd-Jones
By Anne Lloyd-Jones, MAI, CRE, Director of Consulting & Valuation Services, National Practice Leader, at HVS New York, HVS
United States
Opinion Article

Hotel Performance Outlook for Denver: Growth Picking up through 2026

For Denver hotels, the first five months of 2024 were somewhat volatile, with March declines being offset by April gains. This trend can be partially attributed to Easter falling in March this year. After two months of RevPAR declines in Denver in June and July, August was a stellar month for the city’s hotels, with the RevPAR increase nearing 10%. However, the declines in June and July resulted in little growth for the city in the summer of 2024, as overall RevPAR growth through August is less than 0.5%.

Katy Black
By Katy Black, Senior Vice President at HVS Denver, HVS
Denver, Colorado, United States