Markets & Performance USA & Canada Reports - Hospitality Net

Advertisement

August 5, 2015

Continued Growth in the Dallas Hotel Market

The Texas economy had a bumpy start in 2015 due to a sharp drop in global oil prices in late 2014, which resulted in thousands of lost jobs. However, the continued growth of the Dallas-Fort Worth market's broad and diversified economy is one reason Texas managed to stave off a downturn despite those oil-related job losses. A diversified and growing economy, robust convention market, growing tourism and increasing population have all contributed to the success of the Dallas-Fort Worth hotel market. The hotel market occupancy increased from 52.8% in 2009 to 67% in 2014 and is projected to grow for the foreseeable future.

By Nuresh Maredia, Director of Appraisal & Consulting Services for Hotel & Leisure Advisors and heads up the San Antonio office, Hotel & Leisure Advisors (H&LA)

Dallas, Texas, United States

July 29, 2015

Central Florida Hotel Market: Orlando's Transformation

Following a steady restabilization period since the economic downturn, Orlando’s hotel market is back on top. Through the first half of 2015, all three indices, occupancy, average daily rate (ADR) and revenue per available room (RevPAR) continue to demonstrate significant growth. Comparative to period ending June 2014, Orlando’s current room inventory reflects a mere 1.7% increase, while demand (occupied room nights) increased 5.7%. Orlando’s occupancy rate increased from 76.9% to 80.1%, representing a percentage change of 4.1% over the same six-month period in 2014 - surpassing an occupancy threshold for the first time since 1998, seventeen years ago. Average rate grew 4.4%, and RevPAR ended the first half of the year up 8.7%

By Donald C. Stephens Jr., Managing Director of HVS Orlando Consulting & Valuation, HVS

Orlando, Florida, United States

July 23, 2015

HVS In Focus: Sonoma County California Hotel Market

As a major Northern California recreational and tourist destination, the Sonoma County hotel market is flourishing. With more available land than neighboring Napa, lower barriers to entry, and healthy demand levels, hotel supply is increasing.

By Anurat Rojanapairat and Ester Wan

California, United States

July 9, 2015

HVS In Focus: Silicon Valley Hotel Market Update

Driven by the tech industries, Silicon Valley's lodging market continues to boom, reaching record levels. Despite the opening of a number of new hotels, with more under construction and in the pipeline, lodging demand continues to outpace supply in the market. Eager to get a piece of the pie, investors have looked toward acquiring and redeveloping existing assets. Conversions and rebrandings at a number of hotels following recent transactions reflect that brand affiliations are still important in this market.

By Hari Jun, Associate with HVS San Francisco, HVS

San Francisco, California, United States

June 2, 2015

2015 Manhattan Lodging Overview

The 2015 HVS Manhattan Lodging Overview examines the effects of up and down economic cycles on Manhattan hotels, reviewing trends in hotel performance, supply, and demand over the past 25 years. The report also provides the most current information available on today's market, as well as forecasts for supply growth and hotel performance. The 2015 HVS Manhattan Lodging Overview provides detailed insight and data-rich graphs, charts, and tables in order to track the trajectories of hotel supply, demand, and performance. Together, these insights shed light on the most current factors affecting the hotel landscape in Manhattan—critical market intelligence that hotel developers, lenders, owners, and brand representatives can put to use.

By Roland deMilleret and Erin Bagley

New York, New York, United States

July 17, 2014

U.S. Hotels In Profitable Portion Of Business Cycle

Despite the slowdown in the pace of rooms revenue (RevPAR) growth in 2013, U.S. hotels were able to sustain strong gains in net operating income (NOI) during the year. Looking forward, the combination of rising average daily rates (ADR) in a low inflation environment will allow for a continuation of profit growth in excess of 10 percent through 2015. This five year period (2011-2015) of continuous double-digit gains on the bottom-line will be the longest such streak for U.S. hotels since the high inflation days of the late 1970s.

By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels

June 3, 2014

The TravelClick Perspective – May 2014

The hotel industry outlook for the top 25 North American Markets is showing an increase of 4.9% in committed occupancy for May 2014 - April 2015. This is compared to the same time last year and is based on group commitments and individual reservations on the books as of April 27, 2014. The group segment is up 4.7% in room nights committed (contracted), and new group business added over the last month (pace) is up 3.0% over the comparable period last year. Additionally, transient room nights booked are up 5.2% compared to the same time last year, and average daily rate (ADR) is growing slightly above occupancy, up 3.4% based on reservations currently on the books.

TravelClick, Inc.

Ad Be seen. Be trusted.

Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Ad #1 Hotel PMS

See why hotels are switching to Mews

Revenue up. Manual work down. Hotels using Mews see 35% higher RevPAR and 45% more upsells. Book a free demo.

March 25, 2014

Shift in Hotel Retail Impacts Revenues and Profits

Hotels provide retail operations primarily for guest convenience and satisfaction, and are, in general, only a small part of total hotel revenue. Of the properties in the Trends® in the Hotel Industry database of PKF Hospitality Research, LLC (PKF-HR) that reported retail sales and expenses, retail sales made up just 0.9 percent of total hotel revenue in 2012. Retail operations vary greatly depending on the type of hotel. The retail department at large full-service, resort and convention hotels often includes clothing stores, gift shops and newsstands. Limited-service, select-service, and extended-stay properties frequently operate just a kiosk or mini-mart located next to the front desk that sells items mainly for the guest's convenience, such as snacks, drinks, and microwavable food.

By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels

December 18, 2013

Lodging Forecast 2014

Going into 2014 the tourism industry has recovered ahead of the economy for the first time in history. This is unusual considering the lodging industry has run in sync with all major economic trends in the past. Normally, the economy improves and the lodging industry trails about six months later. In 2010, the economy continued to remain in a recession while demand for lodging began to improve. From 2011-2013 this trend was followed with additional growth in both occupancy as well as average daily rates. As many of us are aware, going into the 2012 elections the economy was just barely coming out of its recession yet many drivers have been laid out ensuring the lodging industry will be moving forward in 2014.

R. A. Rauch & Associates, Inc.

March 19, 2013

Select Service Hotels - Select Your Profits

The definition of "select-service" within the lodging industry may vary from person to person, but there is no doubt that properties in this segment are the most popular among developers. Using the broadest definition of select-service, this category comprised an estimated 85 percent of the total projects in the development pipeline according to the October 2012 U.S. Hotel Pipeline Outlook report from Smith Travel Research.

By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels

April 6, 2012

RateGain's Hotel Rate Parity Trends - US

Hotel rate parity trends for March to May 2012 of three and four star hotels across some of the major cities in US. The report shows the percentage of hotels with cheaper rates on their own brand site compared to their rates on other OTAs.

April 6, 2012

RateGain's Hotel Pricing Trends - US

Data trends on cheapest hotel rates as well as median rate for three months of three, four and five star hotels across some of the major cities in US. This set covers March to May 2012, taken in the 4th Week of March 2012 (all rates are in US dollars for two adults for a one-night stay).

February 22, 2012

HVS Market Intelligence Report: Downtown Brooklyn, New York

When we talk about "gateway" cities, Brooklyn is the real deal. Immigrants have come to the U.S. through Brooklyn for centuries, and the area's exponential expansion has resulted in approximately 2.5 million residents, 33,000 businesses, 410,000 employees, and a legacy of culture and commerce that continues to send out roots. New York's most populous borough offers lower operating costs and ample commercial and industrial space compared with Manhattan, two factors that have helped promote business growth and demand for area hotels.

By Marina Kazartseva, HVS

Brooklyn, New York, United States

March 7, 2011

STR: US hotel performance week ending 26 Feb. 2011

The U.S. hotel industry reported increases in all three key performance metrics during the week of 20-26 February 2011, according to data from STR. In year-over-year comparisons, occupancy increased 8.4 percent to 59.9 percent, average daily rate was up 3.4 percent to US$99.38, and revenue per available room finished the week up 12.1 percent to US$59.54.

Ad #1 Hotel PMS

See why hotels are switching to Mews

Revenue up. Manual work down. Hotels using Mews see 35% higher RevPAR and 45% more upsells. Book a free demo.

February 7, 2011

STR: US hotel performance for week ending 29 Jan. 2011

The U.S. hotel industry reported single-digit increases in all three key performance metrics during the week of 23-29 January 2011, according to data from STR. In year-over-year comparisons, occupancy increased 6.7 percent to 52.0 percent, average daily rate was up 2.7 percent to US$97.63, and revenue per available room finished the week up 9.6 percent to US$50.75.

January 27, 2011

STR reports U.S. Q4 2010 results

The U.S. hotel industry reported increases in all three key performance metrics for fourth-quarter 2010 in year-over-year measurements, according to data from STR.

January 10, 2011

STR reports US hotel performance for week ending 1 January 2011

The U.S. hotel industry reported single-digit increases in all three key performance metrics during the week of 26 December 2010-1 January 2011, according to data from STR.

January 6, 2011

US Hotel industry recovery continues to slow | Hotel Industry Pulse Index

The Hotel Industry's Pulse Index, or HIP, is a composite indicator that gauges business activity in the United States hotel industry in real-time, similar to a GDP measure for the industry. The latest monthly change brought the index to a reading of 89.9. The index was set to equal 100 in 2000.

December 24, 2010

STR reports US hotel performance for week ending 18 December 2010

The U.S. hotel industry posted increases in the three key performance measurements during the week of 12-18 December 2010, according to data from STR. In year-over-year measurements, the industry's occupancy rose 9.4 percent to 46.5 percent, average daily rate increased 4.1 percent to US$91.66, and revenue per available room went up 14.0 percent to US$42.61.

December 23, 2010

CB Richard Ellis Analysis Anticipates U.S. RevPAR Growth of 1.6% in 2011

The recovery in the U.S. hotel sector will continue in 2011 and begin to accelerate in 2012, according to a new analysis from CB Richard Ellis Econometric Advisors (CBRE-EA). CBRE-EA forecasts that RevPAR1 for "full service" hotels will improve 1.6% over the next year and 4.4% over two years, rising to $94.21 in 3Q2011, and $98.34 in 3Q 2012. In the "limited service" category, RevPAR will grow 2.6% over the next year and 6.5% over two years, reaching $48.00 in 3Q 2011, and $51.12 in 3Q2012.

CB Richard Ellis