HVS Americas Research Source | February 2020 (February 20, 2020)

Pandemics and the Lodging Industry 
By Anne Lloyd-Jones

As of the writing of this article, the Coronavirus pandemic is only a few weeks old, yet it is clear that this event is already having a significant impact on the travel industry. The World Health Organization (WHO) has declared the virus, now known as COVID-19,  a global health emergency, and individual governments have imposed travel restrictions and other measures, principally directed at travellers arriving from China. With the Coronavirus scare gaining momentum, this article revisits the 2003 SARS pandemic, seeking insight into the potential impact on individual markets and travel as a whole.

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Canadian Lodging Outlook Quarterly 2019-Q4 

Hotel demand held steady in 2019 however new inventory caused national occupancy to decline by 1 point to 65%. Average rate growth mitigated the impact leading to a virtually flat RevPAR year.

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Amazon in Music City: The Anticipated Impact on the Lodging Industry 
By Marc Greeley and Benjamin Levin

In 2018, Amazon announced the locations for its coveted HQ2. Along with this announcement, the company also disclosed a new Center for Operational Excellence to be built in Downtown Nashville, bringing with it 5,000 new high-paying jobs. But how will this impact the local lodging industry, especially amid a massive number of new hotels flooding the market?

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HVS Central Florida 2020 State of the Hotel Market  
By Donald Stephens Jr.

Orlando has long been distinguished as an iconic vacation destination by continuing its ranking as the No. 1 destination in the United States, according to Visit Florida. Since 2013, Orlando has reigned as the nation’s “Most Visited Tourist Destination.” With multiple factors driving Orlando’s appeal, hotel investors and developers are curious as to what is on the horizon for the hospitality market in Central Florida. With a variety of hotels and attractions in the Metro Orlando pipeline, and major international brands continuing investment in the market, the metrics point toward continued success in 2020 and beyond.

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HVS Market Pulse: Minneapolis-St. Paul Lodging Market Perceptions 
By Tanya Pierson and Justin Westad

Albeit often not the winter weather, the lower cost of living, numerous leisure and recreational attractions, and the presence of Fortune 500 companies drives the appeal of the Twin Cities. While 2018 was a record year for the metro hospitality market, 2019 was less profitable for many of the roughly 370 hotels in the hub of the nation’s friendliest state.

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HVS Market Pulse: Detroit, MI 
By Brandon Leversee

Hotel development in Detroit continues full steam ahead, even as multiple large-scale residential developments are scaled back due to rising construction costs. Is Downtown Detroit prepared for the next round of hotel development within the Motor City?

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HVS Market Pulse: Cape Cod 
By Roth Johnson

Cape Cod has long been one of the most popular summer destinations in the Northeast, known for its quaint, aptly named, Cape Cod-style homes and world-class seafood, along with unique lodging options. Despite some short-term headwinds, the Cape Cod hotel market is poised for long-term success.

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Investment Opportunity - Best Western Oakdale Inn, Louisiana 

HVS, as the sole advisory firm to Ownership, is pleased to present the opportunity to acquire the 56-key Best Western Oakdale Inn, a recently renovated, limited-service asset. Given the excellent physical condition of the Property, a minimal change-of-ownership PIP is expected at $112,000 ($2,000 per key). Please visit our listings or contact Eric Guerrero, James Rebullida, or Fadi Rawashdeh for more information.

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HVS in the News 

HVS is Speaking Near You 

HVS Seeking Job Candidates to Join Us This Summer 
By Rodney Clough

If you are looking for a career change or are graduating this May and are interested in working for the country’s leading hospitality consultancy, consider applying today.

APPLY HERE IF INTERESTED.

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