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brian arevalo

brian arevalo

On Track for Recovery in Indianapolis

Brian Arevalo | September 27, 2022

By Brian Arevalo Following a record-breaking year in 2019, the hospitality sector in Indianapolis experienced a devasting blow in 2020 because of the COVID-19 pandemic. Downtown Indianapolis was particularly hard hit due to its heavy reliance on citywide conventions, sporting events, and other events to fill hotel rooms. However, as restrictions were lifted and leisure travel, in particular, began to rebound, the market saw improvement in 2021. While occupancy levels remained well below 2019 levels, average rate increased significantly, resulting in healthy RevPAR growth. This rate growth was driven largely by the opening of the Bottlewo...

HVS Market Pulse: Cincinnati, OH

Brian Arevalo | October 23, 2018

By Brian Arevalo Market Overview The Greater Cincinnati metropolitan area encompasses a three-state region, including parts of Indiana and Kentucky. Top firms in Cincinnati represent key industries, such as aerospace, automotive, biotechnology, brand design, creative services, chemistry, financial services, IT services, and consumer goods. Together, these sectors have helped fortify the city's economic position, allowing the city to be somewhat buffered from the major fluctuations that other cities experienced during the recession. The city has been successful at not only retaining area businesses, but also attracting new companies. The...

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Today's News
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