development & construction
Tucson Emerges Strongly from Pandemic, Outlook is Optimistic
Zabada Abouelhana | June 28, 2022
By Zabada N. Abouelhana Prior to the onset of the COVID-19 pandemic, Tucson’s lodging industry was reaching new heights. After eight years of growth spurred by a large-scale expansion at Raytheon Technologies, the relocation of Caterpillar and Hexagon to Tucson’s revitalizing downtown, and growth at the University of Arizona, performance had reached a new peak. This positive trend reportedly continued through the first months of 2020, which included the Tucson Gem & Mineral Show in February; however, the hotel industry begun to be affected by the COVID-19 pandemic mid-March. As travel restrictions were enacted across the w...
Nashville Hotel Market Continues Its Path to Recovery
Marc Greeley | June 28, 2022
By Marc Greeley Due to the COVID-19 pandemic, Nashville realized one of the steepest lodging depressions of U.S. major markets, followed by an accelerated recovery in the second half of 2021. While there is still a way to go before reaching full recovery, lodging demand has already reached levels that even the most positive forecasts at the peak of the pandemic did not project, supported by the breadth of economic investments and the city’s reputation as a major leisure destination. Uncertainty surrounding rising inflation and interest rates, and the resulting hint of a looming recession, is an ongoing consideration when analyzing Nashvi...
HVS Market Pulse: Island of Oahu, Hawaii
John Berean | August 23, 2016
Tourism to Hawaii's most populous island is booming, with Asian-Pacific countries sourcing a major boost in visitation. Given a number of planned projects across Oahu, hotel developers and major brands are working to meet the demand. By John Berean Many things make Hawaii unique among American tourism destinations. The island chain's physical separation from the U.S. mainland heightens its diverse, exotic allure—a Hawaiian vacation is different in nature (no pun intended) than a trip to any other subtropical destination in the continental U.S. Hawaii is also closer to critical Asian markets, including China, which is producing an...
Are Your Sustainability Initiatives Missing a Critical Component? A Perspective on Risk
Kevin A. Goldstein & HVS Sustainability Services | July 9, 2013
by Kevin A. Goldstein This article provides a perspective on key areas of risk relating to investment into utility efficiency projects and sustainability initiatives, and how owners / operators can minimize exposure during all phases of investment into their properties. Since re-launching our Sustainability practice in late 2011, HVS has contended that sustainability initiatives should focus on utility efficiency and be driven by the bottom line. We believe that a valid business case exists for numerous types of investments in building equipment and enhanced operating practices, and across the hospitality sector there are literally thou...
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