Fuel to Release Exclusive Early Edition of Leisure Travel Study Results at HITEC 2019
Fuel | June 13, 2019
Leading provider of hotel software and digital marketing solutions to provide sneak peek at critical industry data to attendees of world’s largest hotel technology show Myrtle Beach, SC and Minneapolis - HITEC Booth #2920 - June 13, 2019 – Fuel, a leading provider of hotel software and digital marketing solutions for the global hospitality industry, is providing access to an early edition of its much anticipated annual Leisure Travel Study at HITEC 2019 in Minneapolis. HITEC attendees will have access to the study at Booth #2920 on the HITEC trade show floor. The Leisure Travel Study is a comprehensive analysis of the ever-changing...
Takeaways From the Caribbean Hotel Investment Conference
Allison Fogarty | June 10, 2019
By Allison Fogarty The Caribbean is open for business, although recovery continues. As the region continues to recover from the devastating 2017 storm season, many hotels have reopened, even as infrastructure work continues. As always, recovery takes longer than anticipated, but open insurance claims are settling, and a number of properties are slated to reopen later this year, in time for the 2020 high season. Following the devastation, many owners of heavily damaged properties have taken the opportunity to significantly upgrade their properties with the proceeds of their insurance settlements, which will enhance their future positioning....
HVS Design and JN+A Release 2019 Hotel Cost Estimating Guide
June 10, 2019
Rockville, Md., June 7, 2019: HVS Design and Jonathan Nehmer + Associates, Inc. (JN+A), leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, are proud to announce the completion of the 2019 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations. Now in its eleventh year, the 2019 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 Gues...
Key Takeaways From the 2019 South East Asia Hotel Investor’s Summit (SEAHIS)
Paola Orneli Bock | May 31, 2019
By Paola Orneli Bock, Han Sol Park, Ruj Masan May 31, 2019 -- HVS proudly sponsored the third edition of the South East Asia Hotel Investors' Summit that was held May 16-17 at the Westin Grande Sukhumvit Bangkok. This year's event saw over 200 delegates interacting with hospitality industry leaders on a number of key issues, such as the role of the sharing economy, franchising, demand and supply outlook for 2019, and new distribution channels disrupting the industry. HOFTEL and HVS also presented the intermediary results of the first OTA survey in an effort to shed some light on the actual costs of distribution. Below are some key takea...
Latin America’s Hotel Construction Pipeline Enters Third Year of a Cyclical Slowdown
Lodging Econometrics | May 30, 2019
May 30, 2019 – PORTSMOUTH, NH - In the recent Latin America hotel construction pipeline trend report, analysts at Lodging Econometrics (LE) state that the total construction pipeline stands at 717 projects/123,804 rooms, down 8% year-over-year (YOY) as it enters the third year of decline from its 2015-2016 peak. Projects presently under construction stand at 329 projects/57,735 rooms. Projects scheduled to start construction in the next 12 months stand at 207 projects/34,712 rooms and those in the early planning stage are at 181 projects/31,357 rooms. The first quarter of 2019 had 29 new hotels/5,405 rooms open. The LE forecast fo...
Navigate the Pitfalls Motel Valuations – Part 1
Rodney G. Clough | May 29, 2019
By Rodney Clough Independent, budget motels are often operated by resident owners that are talented at running efficient, safe motel operations but lack sophisticated and complete financial models that generate proper reports upon which to base purchase and valuation decisions. It is important for a buyer to understand that available financial information may not tell the full story, and relying solely on what is available may sell short the profit potential of the hotel and, ultimately, its true value. In Part 1 of this series, I discuss the importance of deriving a proper revenue estimate and testing its reasonableness against the nor...
Gradual Slowdown in U.S. Hotel Performance to Continue
CBRE Hotels | May 29, 2019
Atlanta – May 29, 2019 – The U.S. lodging supply will increase at an annual pace greater than the long-run average through 2022, according to CBRE Hotels Research's latest report. Meanwhile, the annual rise in the demand for these new hotel rooms is projected to average roughly three-quarters of its respective long-run average. The result is declining occupancy forecasts for the U.S. lodging industry in both 2020 and 2021. According to the June 2019 edition of Hotel Horizons®, CBRE Hotels Research projects U.S. national occupancy levels to remain flat in 2019 at 66.2 percent, then decline to 65.7 percent in 2020 and 64.6...
U.S. Travel Community Reacts to Falling Travel From China
U.S. Travel Association | May 29, 2019
WASHINGTON (May 29, 2019) — U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Barnes issued the following statement on reports that Chinese travel to the U.S. has fallen sharply, according to U.S. government data. See also U.S. Travel's latest International Inbound Travel Market Report for China. "The difficulty with trade skirmishes is that the unintended consequences are hard to predict, and we were concerned from the start that tensions with China might affect business and other travel to the U.S. "The irony is that travel exports have been the greatest success story of our trade ...
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