The HVI is the authoritative guide to U.S. hotel values, giving hotel stakeholders an educated edge in buying, selling, and holding opportunities. This online tool provides historical and projected values and RevPAR for the Washington DC market.
In 2023, Seattle was a beacon of renewed strength in the Pacific Northwest given its vibrant concert and sports event calendar, record-breaking cruise season, and $1.9-billion expansion of the Seattle Convention Center. As a result of these factors, Seattle was one of the nation’s best-performing hotel markets during the summer.
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.
The Norfolk-Virginia Beach lodging market was growing rapidly when the pandemic struck in early 2020. The momentum quickly resumed, and a healthy recovery ensued in 2021, with hotel performance surpassing 2019 RevPAR levels by the end of the year. Going forward, ADR is expected to continue on a healthy track, while occupancy will temper.
Spokane County’s current and under-construction offerings of sporting and event facilities continue to increase visibility for the market regionally and nationally. This article outlines the recent and upcoming changes to the county’s event facilities.
Despite a somewhat slow rebound when compared to many other major markets, the Washington, D.C. hotel market, inclusive of the luxury hotels, has experienced significant growth since mid-year 2022, led largely by ADR. The luxury market in D.C. has not seen this amount of change in decades, making it an exciting time for the segment. This article explores the recent luxury hotel performance in Washington, D.C.
On January 25, 2023, the Seattle Convention Center (SCC) is debuting the completion of its expansion, known as Summit, which nearly doubles the capacity of the convention center facilities. This addition is not your average convention center expansion, with numerous unique and energy-efficient design features. This article provides an overview of the new building and its expected impact on the Seattle lodging market.
Southwestern Utah is known for its world-class outdoor recreation offerings, including Zion National Park. However, following the pandemic, the region not only experienced peak demand levels, but also became the first destination market in the world to hold three Ironman Championships within a 13-month period. With the rise in popularity of the region, it has become a focal point for new development.
Arlington County hotels experienced unprecedented declines in demand during the COVID-19 pandemic, similar to most metropolitan areas in the United States. Considering the area’s large number of demand generators, Arlington hotels are well positioned for a recovery, albeit a slow one. How far did the Arlington hotel market fall? What factors will shape this recovery?
The Hampton Roads area has historically benefited from strong leisure and tourism demand, government activity at the area’s military facilities, and corporate travel. Since early March 2020, however, the Hampton Roads lodging market has suffered a decline in demand, like most metropolitan areas in the United States, because of the COVID-19 pandemic. How much of an impact has the market experienced, and how quickly can this historically stable market recover?