Stephen Rushmore, Jr., President and CEO of HVS, the leading global hospitality consulting and services firm, has announced the publication of the 2012 U.S. Hotel Valuation Index.
What is needed to reposition an entire destination? All around the world destinations reach a mature life cycle and are forced to re-invent themselves due to increased global competition. This case study on Montenegro can provide an insight.
The article presents the changes in the tourism landscape of Sri Lanka in the past two years, with improvements in infrastructure, tourist arrivals, and hotel market performances, concentrating on the hotel markets of Colombo and the Southwest Coast.
This White Paper aims to articulate the industry’s key requirements and highlights the support policies that are needed to facilitate the growth of the Indian hospitality sector by 2021.
Boston’s burgeoning Waterfront District has been part of a rising tide of demand for local hotels, and expansion of the city’s convention market has created a need for thousands of additional rooms.
Year-end 2011 RevPAR in Miami-Dade County surpassed the 2007 level, or what is generally regarded as the peak of the market. The Miami Beach, Downtown/Brickell, and the Airport markets performed strongly and are poised to have another great year.
The 2012 European Hotel Valuation Index tracks trends in upscale hotel values in 33 key European markets. 2011
started as a year of improved performance, but it deteriorated to renewed uncertainty about the future during the second half of the year.
The 2011 hotel development survey reports updated per-room development costs through the end of 2011. This year's survey reveals a range of factors impacting the turnkey cost of hotel development.
Major hotel sales activity was robust during the first half of 2011. Transactions have resumed but will continue to face headwinds in 2012 due to continuing economic and political uncertainty.
Total European hotel transaction volume reached approximately €7.1 billion in 2011, an increase of 9% on the €6.5 billion recorded in 2010.