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Since Portland’s Old Port revitalization in the 90s, the city has become a bustling regional summer leisure destination. Portland’s two primary employment sectors—hospitality and healthcare—support the area’s strong economy and low unemployment rate.
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Our Q1 Industry Statistics Update shows key economic metrics that relate to the hotel industry’s recent performance and near-term forecast.
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Baltimore has come a long way over the last 20 years, developing a tourism infrastructure and experience for leisure and convention visitors that is impressive.
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Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
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Recent hotel transactions show investor confidence in this high-barriers-to-entry Southern California market. This article illustrates the current conditions and lodging metrics of the Huntington Beach, Newport Beach, and Costa Mesa submarkets.
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With more than 3.6 million visitors, representing a year-on-year increase of almost 25%, 2017 was the first time in Israel’s history that the 3 million mark was reached. This article explores the hotel performance and development pipeline in Israel.
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Recent hotel transactions show investor confidence in this high-barrier-to-entry market near the major metropolitan areas of Baltimore and D.C. This article illustrates the current conditions and lodging metrics of the Annapolis market.
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Each year, HVS researches development costs from our database of actual hotel construction budgets, industry reports, and franchise disclosure documents. These sources provide the basis for our range of component costs per room.
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In this article, Luigi shares what he believes to be some of the most important factors that must be considered in the acquisition or development of a hotel, which ultimately lead to a property’s financeability, profitability, and long-term success.
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As tourist and investor interest grows in the game-lodge industry and wildlife destinations around the world, the article brings to light some peculiarities and challenges of the lodging industry and lists some lessons/best practices for developers.