INDUSTRY INSIGHTS

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Impact of COVID-19 on the Coachella Valley Lodging Market & Outlook

The Coachella Valley is known for its signature events, including the Coachella Valley Music & Arts Festival. With major events canceled in 2020, how did the market perform? What’s the road for recovery?

HVS Operator Guide Middle East & Africa

While the hospitality industry is going through one of the roughest years of recent history, it is crucial that strategic decisions are taken considering all aspects of an owner – operator partnership. This guide features 100 operators in over 47 countries and territories in the Middle East & Africa, and aims to guide owners in understanding the scale, presence and capabilities of operators in this region.

HVS Monday Musings: Crystal Gazing into 2021 – Top Trends

This article highlights some of the key trends that we expect to see in the Indian hospitality sector in 2021.

Outlook for the Latin American Hotel Industry

The COVID-19 pandemic and resulting restrictions on domestic and international travel, economic activity, and individual movement are having an unprecedented impact on the lodging and tourism industry in Latin America. While government authorities across the region work to manage restrictions and phased reopening plans, uncertainty prevails over the duration of the global pandemic.

2020 Canadian Hotel Lending Survey – COVID-19 Edition

Each year, HVS reviews and analyzes the Canadian hotel lending environment following a comprehensive survey. With the unprecedented change that 2020 has brought, this year’s survey looks to gain clarity on the current lending environment and the overall health of the hotel finance sector across the nation.

Canadian Lodging Outlook Quarterly 2020-Q3

Through Q3 2020, RevPar in Canada continues to deteriorate, declining 61% over 2019. Hotels in the luxury segment and those with more than 500 rooms have taken the brunt of the impact. Covid-19 is not affecting markets uniformly across the country. The Okanagan and Northern Ontario markets have fared best with decreases of 33% and 35% while the hardest hit market, Downtown Montreal has a RevPAR decline close to 80%. With the pandemic not slowing, we don’t foresee improvement until the spring.

The Serviced Apartment Sector in Europe – Changing Gears?

Despite suffering the COVID-19 pandemic alongside the traditional hotel sector, the serviced apartment sector has been weathering the storm better owing to a few key factors that show a stronger resilience to a sudden and fundamental shift in demand. In this article, we examine recent innovations in the sector, give a performance update and explore the serviced apartment pipeline for Europe.

HVS Monday Musings: Food for Thought - Reimagining F&B at Hotels in India

Hotels must consider outsourcing hotel outlets to standalone marquee restaurants that had made their mark in the pre-COVID era but are now facing an existential crisis. Read on to know more.

HVS Monday Musings: Faster technology adoption will bring a paradigm shift in hotel operations in India

Efficient usage of technology will help the hospitality sector to improve profitability, while enhancing guest experience going forward.

Paid Publication JN+A & HVS Design Hotel Cost Estimating Guide

For the last ten years, Jonathan Nehmer + Associates, Inc. (JN+A) and HVS Design, leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, have published the Hotel Cost Estimating Guide, a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.     

The 2020 Hotel Cost Estimating Guide evaluates costs in a variety of hotel tiers including Economy, Extended Stay, Midscale, Upscale, Upper Upscale, and Luxury.  Within each tier, costs are separated into the categories of Guestrooms; Guest Bathrooms; Guestroom Corridors; Public Areas; Food & Beverage Outlets; Function Space; Recreational Facilities; Infrastructure; and Common Additives. 

The 2020 Hotel Cost Estimating Guide also features estimated percentages for freight and warehousing for each tier along with contributing cost variables.  The Guide includes sample schedules for select service renovations (both prototype and custom) and for a full service renovation.   

The following firms contributed unit cost data to the 2020 Hotel Cost Estimating Guide: Audit Logistics; Benjamin West; Continental Contractors; Ironstar Construction, Inc., Reliance Construction; and The Allied Group.

The Hotel Cost Estimating Guide is available as a complimentary download.

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