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Amsterdam Hotel Market – Rate Growth Paves the Way

Mattia Cavenati | July 10, 2019

By Mattia Cavenati, Sophie Perret Amsterdam is in the province of North Holland, in the heart of the Randstad, Europe’s sixth-largest metropolitan area. The city of Amsterdam is the capital and the largest city in the Netherlands, with a population of just over 850,000 recorded in 2018. While Amsterdam is known globally for its historic canals, art museums (Rijksmuseum, Van Gogh Museum), red-light district and ‘coffee’ shops, it is also a significant European financial centre. Approximately 2,000 foreign companies have established offices in the Amsterdam metropolitan area, and more than 200 of these companies have headquarters in th...

GOPPAR Bounces Back, But Cost Concerns Remain at U.S. Hotels

HotStats | July 3, 2019

After a negative turn in April, profit per room at U.S. hotels bounced back in May, increasing by 2.0% year-over-year, buoyed by growth across all revenue centers, according to the latest data from HotStats. GOPPAR was recorded at $112.80 in May, and while this was 4.7% above the year-to-date GOPPAR figure at $107.73, it was almost $6 below the profit level in April at $118.51. This was a function of demand, albeit a significant acceleration in costs was recorded in May, including a 4.7% YOY increase in payroll to $97.49, on a per-available-room basis. It was a positive month of revenue growth across all departments, with YOY revenue...

Brussels Hotel Market – Recovery Now Complete

Lionel Schauder | July 2, 2019

By Lionel Schauder and Sophie Perret Brussels, with a population of approximately 1.2 million, enjoys a strategic location in the heart of Western Europe, making it both a regional metropolis and an international hub. In addition to its role as capital of Belgium, the city is home to NATO’s headquarters and is widely known as the ‘capital of Europe’, hosting both the European Parliament and the European Commission. Described as the ‘new Berlin’ by the New York Times in 2015, an eclectic and creative facet of Brussels has recently emerged, represented by its community of artists, architects and designers. ECONOMIC INDICATORS ...

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...

JLL U.S. Hotel Market Overview

JLL | June 4, 2019

JLL Hotels & Hospitality just issued its latest U.S. hotel market overview, projecting that 2019 U.S. hotel transaction volume will total $34.0 billion. The hotel sector is experiencing moderated but continued growth and we anticipate 2019's ADR forecast to increase by 2.4 percent and RevPAR to increase 2.3 percent. Depending on investment strategy, there are many strategic investment opportunities across a variety of core and secondary markets. For example, cities such as New York, San Francisco and Los Angeles with increased liquidity are able to weather cyclical changes while secondary markets like Louisville, Atlanta and Pittsbu...

Independent Study of In-Stay Feedback Shows 280 Percent Return on Investment for Hotels

Local Measure | June 3, 2019

Independent research shows Local Measure's real time feedback platform can help organizations take control of the customer experience, reduce cost and drive revenue June 3, 2019 SYDNEY, Australia - Local Measure, the leading customer experience platform for the hospitality industry, today released a commissioned Forrester Consulting study quantifying the Total Economic Impact™ and benefits of its real time feedback tool, Pulse. Forrester found that an organization that uses Pulse to manage and respond to customer feedback in real time obtained a return on investment (ROI) of up to 280 percent over three years. In addition, the stu...

HVS Market Pulse: Downtown Omaha, NE

Sara Olson | May 17, 2019

By Sarah Olsen Local Economy and Redevelopment Projects A major revitalization period commenced in Omaha's Downtown Central Business District approximately 15–20 years ago when several high-profile projects were completed. Between 2002 and 2005, development projects included the construction of the First National Bank Tower (both the city's and the state's tallest building), the CHI Health Center, the Gallup Riverfront Campus, the Union Pacific Center, and the Holland Performing Arts Center. Another wave of redevelopment has hit the shores of the Missouri River in recent years, and several major projects are either currently under...

Canadian Lodging Outlook Quarterly 2019-Q1

HVS | May 17, 2019

May 17, 2019 -- HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. If you would like a detailed hotel performance data for all of Canada, STR offers their Canadian Hotel Review. The Canadian Hotel Review is available by annual subscription. For further Information, please contact: info@str.com or +1 (615) 824-8664 ext. 3504. ...


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