HVS U.S. Market Pulse: April 2026
U.S. hotels posted 4.5% RevPAR gains through April 2026, with luxury leading growth and cap rates averaging 8.3% as transaction activity slowly improves.
By Rodney Clough, President - HVS Americas, Denver, HVS
USA & Canada - Latest
Canada Sees Continued Business Travel Growth and Strong Economic Impact in Toronto
GBTA research shows Canada ranked 12th globally for business travel in 2025, with Toronto generating $4.3 billion USD in industry revenue and supporting over 21,000 jobs.
Capture and convert FIFA World Cup demand and win more direct revenue
Adam Mogelonsky discusses strategies for hotels to capture FIFA World Cup demand while building long-term direct booking systems that extend beyond the event.
Karen Stephens in conversation with Adam Mogelonsky
U.S. hotel construction down for 15 consecutive months
CoStar data shows 136,990 U.S. hotel rooms currently under construction, with luxury segment leading percentage growth at 4.5%.
HEI Adds Embassy Suites Palm Beach Gardens to its Portfolio
The 160-room property marks HEI's 21st Florida hotel and will undergo lobby renovation and F&B repositioning.
Fairmont Waterfront Announces Multi-Year Renovation Plan
Fairmont Waterfront is pleased to announce the completion of the first phase of its comprehensive, multi-year renovation. This initial phase marks the transformation of 96 guest rooms across the hotel's top four floors, introducing a refined design that reimagines the property's signature Pure Coastal Luxury identity.
1 Hotel Austin Now Accepting Reservations
1 Hotels, the mission-driven luxury lifestyle brand founded by Barry Sternlicht, is now accepting reservations for 1 Hotel Austin, an urban sanctuary in the creative heartbeat of Texas. With an anticipated opening in August 2026, 1 Hotel Austin is set at the meeting point of Waller Creek and Lady Bird Lake and anchors the 74-story Waterline, the tallest tower in the state.
The Westin Nashville Completes $13.5M Renovation, Elevating Guestrooms, Suites, and Rooftop Meeting Experience
Castlerock today announces the completion of a comprehensive $13.5 million renovation of The Westin Nashville, enhancing guestrooms, suites, and key public spaces across the 456-room hotel. Located adjacent to Music City Center, the property plays a central role in Nashville's convention and group market, and the renovation positions the hotel to better serve evolving business and leisure demand.
Four Seasons Hotel One Dalton Street, Boston Unveils Reimagined Presidential Suite, A Bespoke Luxury Retreat Designed for Refined Escape
Four Seasons Hotel One Dalton Street, Boston, the city’s only Forbes Ten Star-recognized property, unveils its newly reimagined Presidential Suite, a thoughtfully redesigned residential-style retreat that redefines the pinnacle of luxury hospitality in the city. With sweeping skyline views, bespoke design details, and more than 2,000 square feet (185 square metres) of flexible living space, the transformation elevates the hotel’s most prestigious accommodation into a destination-worthy experience.
Outbound Sedona Debuts in Sedona's Red Rocks
Outbound Hotels continues its expansion with the debut of Outbound Sedona (formerly the Poco Diablo Resort), a reimagined desert retreat opening on May 7, 2026. Located just minutes from Uptown Sedona, the 138-room resort blends immersive design, wellness-forward amenities, and seamless access to the region's iconic landscape.
Woods Cove Inn Reopens in Laguna Beach, Signaling a New Chapter for the Property as an Independent Boutique Escape
Woods Cove Inn, a 22-room boutique hotel located along Laguna Beach’s iconic Pacific Coast Highway, will reopen May 11, emerging as a newly independent coastal retreat. Previously operating under the Sonder brand, the property debuts with a renewed identity rooted in local character, thoughtful design, and relaxed California living.
Saybrook Point Resort & Marina Unveils Multi-Million Dollar Transformation of the Inn
Saybrook Point Resort & Marina, a family-owned boutique resort, today announced the ongoing transformation of all accommodations at the Main Inn, marking the latest investment in the luxury property’s continued commitment to thoughtful reinvestment, environmental stewardship and a refined coastal experience.
Renovation of Intercontinental Miami’s Meeting Spaces to Begin Summer 2026
Downtown Miami’s luxury destination and one of the city’s top meeting hotels, InterContinental Miami has announced that its meeting and event spaces will be offline this summer as part of a multi-million dollar major renovation, which will be completed in September 2026. In 2024, the iconic property completed a major renovation to its guest rooms and suites as well as its concierge level Club Lounge.
The Ivory Debuts in Koreatown: A 48-Room Boutique Hideaway Reimagines Modern Boutique Hospitality in Los Angeles
A new hospitality concept is quietly redefining the landscape of Los Angeles boutique hotels. Located in the heart of Koreatown, The Ivory is an intimate, 48-room urban sanctuary designed to offer guests a sense of belonging and considered design within one of the city’s most dynamic neighborhoods.
Canada’s Hotel Construction Pipeline Signals Future Growth as Key Chain Scales Record Highs in Q1 2026
Ontario leads with 190 projects, while upper midscale properties dominate the pipeline at 137 projects, both reaching record highs in Q1 2026.
Hotel 1550: Ditching the flag and turning independence into revenue growth
A San Bruno hotel moved from Days Inn franchise to independent operation, then consolidated multiple tech vendors into Cloudbeds' unified platform.
Noble Acquires Ten-Hotel Upscale Select-Service and Upscale Extended-Stay Portfolio
Noble acquired ten Marriott, Hilton, and IHG properties across four U.S. regions, citing constrained supply and diversified demand drivers.
The Chanler at Cliff Walk Debuts Reimagined Lobby and Guest Spaces, Marking the Next Chapter for the Iconic Newport Mansion
The Chanler at Cliff Walk debuts a newly reimagined lobby and collection of guest spaces, marking the next chapter in the celebrated oceanfront mansion's ongoing evolution. The unveiling follows the 2025 opening of signature restaurant Remy's Loose, and continues a multi-year collaboration between The Chanler at Cliff Walk's Proprietress Lani Shufelt and renowned architecture firm Studio Valerius. Together, the new interiors deepen the property's enduring commitment to craftsmanship, artistry, and a sense of heritage and place along Newport's famed Cliff Walk.
Revival English Bay Opens in Vancouver’s West End Under New Brand, New Vision, and New Management
Revival English Bay, a reimagined boutique hotel located at 1771 Comox Street in Vancouver’s celebrated West End, is proud to announce its official opening on May 1, 2026. managed by Hotel Equities, the property debuts under a bold new brand and vision, reflecting a shared commitment to elevating this West End address into a distinctive destination for today’s discerning traveler.
The Queen City’s Newest Lifestyle Destination, Cincinnati’s Fidelity Hotel is Now Accepting Reservations
New Waterloo, a dynamic, community-centric independent hotel management company, announced today that reservations are now available at Cincinnati’s Fidelity Hotel, the company’s second Ohio lifestyle hotel in two years.