Institutions ranging from Olympic centers to major military bases underpin the economy of Colorado Springs. Tourism brings additional demand to area hotels, which have noted improvements in transactions and performance over the past year.
Colorado’s ski resorts draw millions of annual visitors. The lodging industry throughout the Colorado mountains comprises hotels and privately rented rooms and condos. How could a shift in this balance affect hotel performance in the years ahead?
San Antonio’s array of industries, including tourism, manufacturing, technology, and defense, provide strong demand to local hotels. Given the city’s low unemployment and growing economy, hotel occupancies and average rates should continue to rise.
Unemployment in Philadelphia remains high, though the city’s broad economic base continues to slowly recover. RevPAR levels for Philadelphia hotels are expected to strengthen in the near term, with demand outpacing recent supply additions.
Fortune 500 companies, universities, and a thriving arts and culture scene drive commercial, meeting and group, and leisure demand to Minneapolis hotels, which have experienced a solid recovery over the past two years.
Energy exploration in the Fort Worth Basin is revving up the region’s economy and generating demand for hotels in the Metroplex. Will recent growth in Fort Worth’s energy, commercial, and leisure sectors continue over the long term?