Atlanta Market Intelligence Report 2013| HVS
Despite an underperforming office market and high unemployment, Atlanta remains one of the nation's top convention destinations. With more than a dozen hotels in the pipeline and values on the rise, what's next for Atlanta's lodging industry?
Recognized globally as the "Gateway City," Atlanta boasts the largest economy in the southeastern U.S. and the tenth largest in the country.1 Hartsfield-Jackson Atlanta International Airport has been the busiest passenger airport in the world since 1998. Fortune 100, 500, and 1,000 companies headquartered in Atlanta include UPS, Coca-Cola, Georgia-Pacific, Home Depot, Delta Air Lines, the Southern Company, and AT&T. Atlanta also sits within 500 miles of 40% of North America's manufacturing and distribution centers2 and ranks among the top markets with the lowest average tax burden for businesses. The city's relatively low cost of living makes it a popular relocation destination as well.3 Taken together, these factors have fortified performance trends for Atlanta's hotels.
About HVS
HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.