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....
Allison Fogarty | July 19, 2018
Co-written by Allison Fogarty and Anu Lamichhane Ever since it was first settled and incorporated as a tiny village back in 1849, Tampa's population has shown a remarkably consistent growth trajectory with its subtropical climate, affordability, and robust local economy continuing to attract new residents from far and wide. Mirroring this population increase is the number of annual visitors making their way to this coastal Florida metropolis, which has subsequently led to a surge in hotel developments aiming to capitalize on strong demand growth. It is therefore little surprise that both demand and supply are expected to grow at above t...
Pinnacle Advisory Group | May 9, 2017
By Allison Fogarty Considering a trip to an island I haven't been to recently, and being somewhat flexible in timing, I was startled to realize that, given a reasonable lead time, it would be 25% cheaper to fly to London than to my island destination. Once again, we come up against the hard reality of Caribbean destinations – flying to Paradise is more expensive, and offers far fewer scheduling options, than flying to other destinations. What is the implication of this for the region? The most important source market for most Caribbean tourism destinations is the United States, although several islands are more dependent upon hist...
Allison Fogarty of Pinnacle Advisory Group | April 8, 2015
By Allison Fogarty The number and type of hotels that can be supported around airports varies widely by market, and while airline passenger movement is an important consideration, it is not the only hotel demand driver. Local and regional development and transportation patterns also influence the need for accommodations. In some cities, major office submarkets have developed around airports and local business activity fuels much of the local lodging demand. Passengers with early morning flights frequently seek accommodation near airports to avoid traffic delays in congested urban areas or in rural areas where long drives to the airport ...
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