HVS, the world’s leading hospitality consulting and valuation firm, in collaboration with STR, is pleased to deliver the 2016 Hotel Valuation Index (HVI). The HVI offers critical information on 70 U.S. hotel markets and the nation, including hotel value changes and projections through 2019 and intelligence on market dynamics for primary, secondary, and tertiary hotel markets. Each year, more than 80 HVS hotel experts conduct thousands of market studies, feasibility studies, and appraisal assignments for all types of hotels across the U.S. The intelligence gathered from these engagements, combined with analysis of data on hotel performance from HVS and STR, supports the conclusions and projections presented in the annual HVI. The HVI for the U.S. is a measure of the strength of the lodging industry as a whole and, specifically, the hospitality investment market. It provides excellent “big picture” data, indicating which market areas are experiencing positive trends and, thus, which markets may present good investment opportunities.