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HVS provides thousands of articles on all aspects of hospitality, including hotel valuations, investing, lending, operations, asset management, and much more.
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HVS South America Outlook & Opportunities 2023: Clearing Skies Ahead

After several economic and political disruptions across South America, there is now greater clarity in several countries, giving rise to compelling opportunities in some urban markets and across the leisure sector. The outlook appears bright throughout much of the region.

Paid Publication NEHMER & HVS Design Hotel Cost Estimating Guide

Jonathan Nehmer + Associates, Inc. (nehmer) and HVS Design, leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, are proud to announce the release of the 2023 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.     

Now in its fifteenth year, the 2023 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 2023 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 2023 Hotel Cost Estimating Guide: Audit Logistics; Benjamin West; Humphrey Rich, Ironstar Construction, Inc., POK Construction, and Reliance Construction Company.

The Hotel Cost Estimating Guide is available as a complimentary download at www.hotelcostestimatingguide.com.

Extended-Stay Hotels: One of the Fastest Growing Segments in the U.S.

While several new brands have emerged within the limited- and select-service segments over the past decade, the expansion of extended-stay brands was limited prior to 2021, and many of the U.S. hotels within this segment were dated. However, during the last two years, economy and midscale extended-stay brands have experienced a significant expansion.

HVS Webinar: Private equity steps up its interest in hotel assets

In the latest of HVS’s series of webinars attendees heard a topical discussion from a line-up of expert speakers on the increasing participation of private equity in the hotel investment landscape, the outlook for these investors and what private equity investors are looking for in the hotel sector.

Travel Trends and Supply Changes for the Hawaii Lodging Market

Despite the significant impact of the COVID-19 pandemic in 2020 and early 2021, the state of Hawaii experienced a historic surge in domestic tourism, driving RevPAR to record levels in 2022. This article explores recent hotel performance throughout the state, as well as the outlook for the future.

Impact of Recent Interest Rate Increases on Commercial Real Estate Transactions and Pricing

Rising interest rates are affecting the transaction market; however, hotels remain an attractive asset class due to improving operational fundamentals and higher returns.

The Transformation of Business Event Travel

This paper presents findings from a survey of business event participants conducted in February and March of 2023. The survey aims to explore changes in the frequency of travel, motivations for travel, and changes in travel behaviors. Results show promising growth in 2023 and that the desire to network with peers and destination appeal are the strongest factors influencing decisions to travel to business events.

Dallas Hotel Development: A Success Story Amid the Pandemic Recovery

Everything is bigger in Texas, even the post-pandemic recovery. Hotel metrics are showing strong improvements, and convention demand should be further bolstered in the future by a new convention facility. As a result, new hotel construction is again vibrant across the Metroplex after a temporary slowdown during the pandemic.

2022 European Hotel Transactions

HVS discusses the main hotel transactions that took place in 2022 and looks at the trends in single-asset and portfolio transactions over the years.

Boise's Rise: Small Big City in the Convention Landscape

In 2022, Boise's convention industry flourished thanks to expanded Boise Airport routes. Despite lacking a large convention hotel, Boise hotels enjoyed a remarkable rise in RevPAR in 2022, with Downtown hotels surpassing pre-pandemic levels. Furthermore, Micron Technology's expansion and the city's growth in tech and commercial development bode well for Boise's economic future.
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