Presentations and conversations at the 2015 ALIS conference touched on everything from new brands and supply to how falling oil prices, a rising dollar, and stability in the capital markets are affecting prospects for U.S. hotels.
HVS annually researches development costs of actual hotel construction budgets, industry reports, and uniform franchise offering circulars. This 2014/15 survey reports updated per-room development costs in the U.S. through the end of 2014.
Hotel stakeholders shared a diversity of insights into U.S. hotel industry trends ranging from innovative brands to today’s tech-savvy travelers. Overall, hotel performance is high, buoying optimism among hoteliers as the industry heads into 2015.
Average rates are up and supply growth is flat in Annapolis, which bodes well for the city’s overall hotel performance picture. Have local hoteliers been able to reach a better balance between leisure, commercial, government, and group demand?
In this third annual Lodging Tax Study, HVS Convention, Sports & Entertainment explores trends in the imposition of lodging taxes in the USA. This updated version provides lodging tax rates/collections in all 50 US states and across 150 US cities.
The health and wellness travel segment is growing immensely, creating a market for hotels that cater to the health-conscious guest. The EVEN and Element hotel brands are pushing the envelope, with wellness built into their very design.
The 2014 Auto Rental Tax Study is an examination of the effective tax rates on motor vehicle rentals at the top 100 largest airports as measured by enplanements. The study ranks the tax rates and breaks down its analysis among several vehicle types.
With hotel performance improving, supply in check, and tourism and commercial demand on the rise, hoteliers should pay close attention to possibilities in the Florida Panhandle.
This article responds to Heywood Sanders’ book Convention Center Follies. It argues for a more moderate picture of the state of supply and demand in the convention industry, and it critiques Sanders’ narrative of convention center development.
As economic recovery resumes and tourism strengthens, Washington, D.C. remains a top draw for leisure, convention, and government demand, with area hotels achieving some of the highest RevPAR levels in the nation.