HVS Asset Management & Advisory is delighted to announce the addition of two new asset-management agreements in Galveston, Texas, for the Beachfront Palms Hotel and the Quality Inn & Suites Galveston - Beachfront, effective April 15, 2025. This assignment continues HVS’s expansion in the asset-management arena.
As Los Angeles continues to recover from the long-term effects of the pandemic and most recently the devastating wildfires, a new report released today by the American Hotel & Lodging Association (AHLA) found that the city’s recovery of international visitors from 2019 levels lags behind every other major U.S. city. Coupled with the recent wildfires and the potential passage of legislation before the City Council, the tourism industry is facing significant challenges that have already led to hotel closures and job losses that are contributing to the city’s prolonged recovery and increasing budget shortfall.
AAHOA, the world's largest hotel owners association, has entered into a strategic partnership with Kalibri Labs, the leading authority on hotel performance analytics. Together, the organizations have launched a nationwide investigation into the effects of recent federal policy changes and anticipated industry challenges.
Fresh from the Hunter Conference, two themes reign supreme right now. The first is uncertainty. Following last week's tumultuous stock market sell-off and the ongoing tariff chaos, our outlook on the future remains as uncertain as it was two years ago, if not more so today. The second theme is the beer and wine analogy: while wine appreciates in value with age, no one wants an old beer. Having sold nearly 300 hotels over the past five years, thanks to Mitch Patel from Vision Hospitality Group, I feel more like I'm in the liquor wholesale business than hotel brokerage. With that in mind, my comments will center around our beloved beer and wine theory:
Given the current state of U.S. economic uncertainty, LARC has issued a statement pertaining to the implications of that uncertainty on the U.S. lodging industry. You can read the full statement here, while below are some highlights.
The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 5 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
Remington Hospitality, a premier hotel management company, is proud to announce its new role managing the luxurious Sofitel Chicago Magnificent Mile. Beginning in May 2025, the 415-room luxury property will transition from brand management to a franchise model under the existing master hotel management agreement with Braemar Hotels & Resorts.
In testimony before Congress today, a key leader for the U.S. travel industry called for urgent action to upgrade the American travel system ahead of hosting major global events, as competing countries like China and Saudi Arabia make massive investments in travel.
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 22 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
stayAPT Suites, a leader in apartment-style hotel accommodations, is proud to announce the signing of a multi-location franchise agreement with Destiny Partners, LLC/Destiny Hospitality, LLC. This partnership will bring five new stayAPT Suites locations to key markets across Pennsylvania, including Lancaster, Reading, York, Bethlehem, and Allentown.
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were its highest for any February on record, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 15 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
stayAPT Suites, a leader in apartment-style hotel accommodations, is proud to announce a new franchise agreement with Capstone Stay, LLC, to develop five new hotel locations. This collaboration brings innovative modular construction solutions to stayAPT Suites, enhancing the brand's ability to expand quickly and efficiently while maintaining the high standards of comfort and design that guests have come to expect. The modular construction approach is a perfect fit for stayAPT Suites, allowing for faster development timelines and more sustainable building practices, while delivering a consistent, high-quality guest experience across all locations.
Visitation and other tourism indicators in 2024 met or exceeded most 2023 totals. Las Vegas hosted 40.8 million visitors in 2024, surpassing the 40-million visitor threshold for the second year in a row. Gaming revenue for Clark County in 2024 was $13.5 billion, setting a new annual record for the third straight year. In 2024, occupied room nights, as well as total occupancy (83.6%), continued to lag pre-COVID pandemic performance; however, ADR and RevPAR reached record levels.
The U.S. hotel industry reported mixed performance results from the previous month, according to February 2025 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
As hotel investors convene at the Hunter Hotel Investment Conference 2025, new insights from Profit Matters 2024 by HotStats reveal that rising operating costs in the US market—particularly labor—are squeezing hotel profit margins. Despite revenue growth, U.S. hotels saw GOP margins decline by 1.1 percentage points in 2024, making it the only major global region to experience a profit contraction.
The Downtown St. Louis hotel market steadily recovered from the impact of the COVID-19 pandemic until 2024, when the recovery stalled due to a correction in leisure demand and disruptions at the convention center. However, subsequent airport passenger traffic growth and completion of the convention center’s expansion, along with other trends and developments, provide a stronger outlook for the market in 2025 and beyond.
Cap rates continue to hold steady, with trends varying across sectors and strategies. Sales volume is expected to trend upward during 2025.
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.