HVS | Breanna S. Smith, MAI

My Articles

Anchorage, Alaska: Hotel Market Trends and Conversions to Housing

While Anchorage was significantly affected by the pandemic, a surge of independent travelers boosted the economy in 2021. More robust growth occurred in 2022 with the return of normal demand sources. Furthermore, the conversion of hotels to permanent housing has reduced the hotel supply in Anchorage and contributes to recent trends.

November 1, 2023 By Breanna S. Smith, MAI

Hotel Operations , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Anchorage , Alaska , United States , North America

Central Oregon: Evolution of Trends Post-Pandemic

Central Oregon, located east of the Cascade Mountains, is a popular drive-to destination comprising twelve cities. It attracts millions of visitors annually with its natural beauty and diverse landscape. However, the COVID-19 pandemic has greatly affected the travel industry, causing notable changes in hotels, businesses, and attractions across Central Oregon.

October 3, 2023 By Hannah Homack , Breanna S. Smith, MAI

Hotel Operations , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Bend , Oregon , United States , North America , Sunriver , Redmond , Sisters , Prineville , Madras , Terrebonne , Maupin , La Pine , Warm Springs , Culver , Tumalo

The Seattle Convention Center Enters a New Era

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.

January 24, 2023 By Breanna S. Smith, MAI

Development & Construction , Convention, Sports, Entertainment , Economic Trends and Cycles , Seattle , Washington , United States , North America

Anchorage Lodging Market: Winter 2021 Update

Declining oil and gas prices since 2014 have largely resulted in an economic retrogression in Alaska. Aside from the oil and gas industry, the tourism industry is one of the largest private-sector groups of employers in the state and accounts for one of every eight jobs. Therefore, the impact of the COVID-19 pandemic has been detrimental to the local economy. While the widespread availability of a vaccine has ignited hope, tourism recovery faces some obstacles in 2021.

February 23, 2021 By Kasia M. Russell, MAI , Breanna S. Smith, MAI

Hotel Operations , Development & Construction , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Anchorage , Alaska , United States , North America

HVS Market Pulse: Vancouver, Washington

Vancouver is experiencing a development renaissance. Instilled with a new sense of confidence by The Waterfront’s ongoing success, Portland’s lesser known neighbor is buzzing with new construction projects, including office, multi-family, retail, and hotels along The Waterfront.

October 17, 2019 By Eileen L. Bosworth , Breanna S. Smith, MAI

Hotel Investments & Ownership , Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , Vancouver , Washington , United States , North America

HVS Market Pulse: Spokane, Washington An Emerging Meeting-and-Group Destination

Spokane is becoming a national meeting-and-group destination following the convention center’s expansion and the opening of a new headquarters hotel in 2015. A greater variety of groups and events are attracted to Spokane, with 2019 tracking to be a record year for the city.

May 16, 2019 By Breanna S. Smith, MAI , Eileen L. Bosworth

Development & Construction , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , Spokane , Washington , United States , North America

An HVS Guide to Hotel Revenue Management

Revenue management for hotels has transformed over the past four decades, though some of its tried and true principles remain in place. What does the practice of modern revenue management mean to hotel operations?

July 18, 2016 By Breanna S. Smith, MAI

Hotel Operations , Valuations & Market Studies , Economic Trends and Cycles , North America

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