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Silicon Valley historically experienced strong lodging performance driven by high-rated corporate demand during the week. Thus, the rise of remote work policies has had an impact on recovery. However, the presence of Big Tech, surging interest in AI technology, and expansion of the life-sciences sector are anticipated to drive growth in this market over the long term.

The hotel market in Louisville, Kentucky, has experienced a slow recovery since the peak of the COVID-19 pandemic. While a copious amount of new supply over the past few years has slowed the recovery, ADR has grown steadily. The area will continue to be supported by bourbon tourism, the University of Louisville, and the Kentucky Derby.

Hotels have an edge over independent banquet halls when it comes to holding events because of their superior infrastructure, safety standards and brand image. However, with the evolving guest preferences and technological advances, it's time for hotels to throw out the old playbook and approach banquets with a fresh perspective, welcoming a new era of hospitality. Read on to know more.

The state of Arizona, including Tucson, recovered quickly from the COVID-19 pandemic. Hotel performance in Tucson has far exceeded pre-pandemic levels, primarily given ADR gains since 2020. In this article, we discuss the current state of Tucson’s hospitality industry, meeting and group demand factors, and investment interest in the market.

In recent years, hotel food and beverage (F&B) services have evolved from being an afterthought to a cornerstone of the guest experience and a significant revenue generator. These services now captivate travelers with innovative concepts, enticing menus, and immersive dining experiences. Breakfast, in particular, has emerged as the king of F&B offerings, capturing the hearts and palates of guests worldwide and becoming a deciding factor for travelers seeking hotels that go above and beyond.

Order the HVS CompStats Report to compare your hotel’s operating performance to that of five similar lodging facilities in your region.

The tailor-made HVS CompStats Report assists hotel owners, property managers, and asset managers in analyzing their hotel’s performance against that of five similar lodging facilities in the same region.

Data are provided by three points of comparison:

• Percent of Revenue
• Dollars per Available Room
• Dollars per Occupied Room

The file is provided in Excel format with an input area for your hotel’s operating statement. The model then allows for easy comparison and programmed highlights for opportunities to enhance profitability.

For more information on this report, or if you have questions, please contact Koby Kearney at [email protected].

We are also providing the HVS Hotel Operating Statement Insights Report (HVS-HOSI Report), which includes the 2022 operating data for the United States, as a whole, aggregated from our entire database of property data. For this report, visit our page here.

The HVS Hotel Operating Statement Insights Report (HVS-HOSI Report) includes the 2022 operating data for the United States, as a whole, aggregated from our entire database of property data.

On the first tab of the Excel workbook, data are provided by three points of comparison for limited-, select-, and full-service hotel categories:

• Percent of Revenue
• Dollars per Available Room
• Dollars per Occupied Room

On the second tab of the Excel workbook, data are provided by a hotel price category comparison for each of the three aforementioned points of data (%, PAR, POR) for the following classifications:

• Luxury
• Upper Upscale
• Upscale
• Upper Midscale
• Midscale
• Economy

As noted, the file is provided in Excel format.

For more information on this report, or if you have questions, please contact Koby Kearney at [email protected].

We are also providing the tailor-made HVS CompStats Report to assist hotel owners, property managers, and asset managers in analyzing their hotel’s performance against five similar lodging facilities in the same region. For this report, visit our page here.

Order the HVS MarketCast Report for an 18-month forecast of occupancy and ADR for your defined competitive set. Let HVS do the work of pouring over economic indicators, recent market trends and market insights, changes to existing supply, and the entrance of new supply for a forecast of future performance.

$2,000 Single Property (Bulk Discounts Available)

The tailor-made HVS MarketCast Report assists hotel owners, property managers, and asset managers in forecasting future property performance by having a well-developed HVS submarket forecast for comparison. Enhancing the forecasting process is essential to setting the right plans in place to optimize a lodging facility’s profitability, and the HVS CompSet Report can help.

Data are by month for the competitive set:

• Occupancy
• Average Rate (ADR)
• RevPAR

Summary insights that influenced the forecast are also included. The file is provided in Excel format.

For more information or a sample report, please contact Robert Fitzpatrick at [email protected].

This article provides a summary of the current state of the timeshare industry, as well as the outlook in the current environment. We also highlight the benefits of timeshare resort ownership. Lastly, we describe the opportunities for entering this industry.

This article briefly discusses the Indian hotel sector's performance in the first half of the calendar year 2023.