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Q2 2019 U.S. Lodging Market Update

Daniel Lesser | August 6, 2019

By Daniel Lesser With 121 consecutive months of growth through Q2 2019, the U.S. economy is now in record territory for the longest expansion period in history. The decade long economic expansion has been fueled in part by job growth, record low unemployment rates, and low interest rates in the capital markets. During the first half of 2019, America has continued to add jobs, albeit at a slower pace compared to last year. U.S. consumer confidence remains vigorous and stock market indices continue to set record high levels. To mitigate the risks of slower global growth and trade-policy uncertainty, during the near term, the Federal Reserve ...

U.S. Fall in Overseas Travel Market Share to Continue Through 2022

U.S. Travel Association | August 1, 2019

WASHINGTON -- August 1, 2019 -- The steep and steady decline in the U.S. share of the lucrative international travel market is set to continue until at least 2022, according to the latest forecast figures from the U.S. Travel Association. U.S. global long-haul travel market share is on a four-year slide since its previous high of 13.7% in 2015, falling to 11.7% in 2018. The decline in market share represents losses to the U.S. economy of 14 million international visitors, $59 billion in international traveler spending, and 120,000 U.S. jobs. But the market-share drop is now forecast to continue, dipping under 11% in 2022, the latest o...

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...

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