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Hotel Market in Grand Rapids Continues to Boom

Joseph Pierce, MAI | July 1, 2019

By Joseph Pierce, MAI Michigan’s economy is growing again, and Grand Rapids is leading the way. Since 2009, Grand Rapids has had the fastest growing regional economy in the state, increasing 29.2% to $58 billion, according to Michigan-based Bridge Magazine. The Metro Grand Rapids area has also been recognized as one of the fastest growing economies in the country. Headlight Data ranked Grand Rapids the 7th fastest growing economy in the U.S., based on Gross Regional Product (GRP) over the previous five years. All of this is good news for the thriving Grand Rapids hotel market. According to Experience Grand Rapids, the area’s officia...

Houston Hotel Market: Will 2017 be Up or Down?

Nuresh Maredia | February 27, 2017

By Nuresh Maredia With Super Bowl 51 in the history books, Houston hotels are back to facing an uncertain future. The big question to answer in 2017 is, will this be a year of ups or downs for the local hotel market? 2016 was not a good year for the Houston hotel market as hotel occupancies declined 9.1%, ADR declined by 3.6%, and overall RevPAR declined by 12.4%. It was the worst performing among the top 25 hotel markets in 2016. Compared to Houston, the Dallas hotel market recorded a RevPAR increase of 5.7% in 2016. Despite Houston being such a diverse market, the recent downturn in the hotel market highlights the fact that the energy...

How Hoteliers Can Handle a Minimum Wage Jump

Laurel A. Keller | December 21, 2015

December 2015 by Laurel A. Keller, MAI and John Kelley III, CHIA Over the past dozen years, 23 cities in the United States increased minimum wage above the federally mandated level. Another nine cities have similar legislation pending, and more are expected to follow suit. Meanwhile, government officials, economists and Americans everywhere debate the merits of more than doubling the federally mandated minimum wage from $7.25 to $15. Because labor cost represents the majority of a hotel's expenses, this issue has significant implications for hotel executives, owners and operators. Hotel & Leisure Advisors' research indicates that a ...

One Drop at a Time

Eric B. Hansen, AIA, ISHC | September 10, 2015

by Eric B. Hansen, AIA, ISHC "How much water does an outdoor waterpark use?" I am frequently asked that question, but the answer isn't as simple as it seems. Calculations for outdoor waterparks are heavily dependent on factors that simply don't apply to their indoor counterparts, namely those related to climate and the environment. There is no way around it – outdoor waterparks require large amounts of water. Public perception often assumes that the outdoor waterpark is constantly being refilled with a giant spigot that is tapping the community's water supply, which may be at a premium. Water use, however, is not water consumption. Fa...

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