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Opinion Articles

Opinion Article

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 renovations, and effective tourism promotion, has positioned Montréal as the most resilient market. With substantial investments and a thriving meetings and events sector, the city’s hotel industry is undergoing a significant evolution.

Monique RosszellLéa Vaksman
By Monique Rosszell and Léa Vaksman
Montréal, Quebec, Canada
Opinion Article

Baltimore Hotel Market 2025+ Outlook

This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR). The report highlights the positive impact of the removal of approximately 2,500 hotel rooms from the downtown supply and discusses the potential for improved hotel performance in 2025. With strong growth in ADR and RevPAR despite some challenges in the market, the analysis suggests a robust outlook for the city’s hotel sector as demand continues to strengthen, and hotel operators capitalize on reduced supply to push rates and increase occupancy.

David P. Fuller
By David P. Fuller, National Hotel Property Tax Practice Leader, CBRE, CBRE Hotels
Baltimore, Maryland, United States
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Opinion Article

Navigating the US Hospitality Landscape in 2025: Strategies for Growth Amid Dynamic Market Conditions

The U.S. hospitality industry stands on the cusp of a transformative period in 2025. While the road ahead presents challenges, it also offers promising opportunities for growth driven by economic stabilization, evolving traveler expectations, and a return to foundational revenue strategies. As stakeholders across the sector prepare to navigate this dynamic landscape, PwC US's latest Hospitality Directions sheds light on key trends shaping the industry's trajectory in the coming year.

Jeanelle Johnson
By Jeanelle Johnson, Principal, Travel, Transportation, and Hospitality, PwC US, PwC (US)
United States
Opinion Article

Halifax Hotel Market Revitalization

The Nova Scotia lodging market, particularly in Halifax, has experienced rapid growth in the years following the pandemic. With welcoming immigration policies and a perceived lower cost of housing, the province has seen substantial population growth and increased capital investment, fueling lodging demand. In 2024, provincial RevPAR levels are projected to reach 128% of their 2019 benchmark, driven by rising ADR and an enhanced hotel supply.

Monique RosszellLéa VaksmanLucas Bruce
By Monique Rosszell, Léa Vaksman, and Lucas Bruce
Halifax, Nova Scotia, Canada
Opinion Article

HOTEL CURRENTS™: Hotel Financial Performance in Central and Non-Central City Submarkets, 2018 and 2024

During the pandemic, residential and commercial property prices in the central business districts (CBDs) of large metropolitan areas (MSAs) declined while prices generally increased in suburban areas. Many businesses located in CBDs that were dependent on residents, commuters, and tourists either ceased operations or relocated to the suburbs, often within the same MSA.

Jack Corgel
By Jack Corgel, Managing Director, CBRE Hotels’ Americas Research, CBRE Hotels
United States
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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
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