Energy prices, strong for the past several years and rising in 2012, have driven impressive growth in jobs, commercial space, and other developments in Houston. This growth and major planned projects continue to pump hotel demand into the city.
Shipping and manufacturing have been the backbone of Chattanooga’s economy for more than a century. New investments in leisure attractions and commercial facilities are encouraging even more guests to pass through, bringing business to local hotels.
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.
Military installations—some expanded, others diminished—in Georgia, South Carolina, and North Carolina are impacting hotel demand and average rates.
Total European hotel transaction volume reached approximately €7.1 billion in 2011, an increase of 9% on the €6.5 billion recorded in 2010.
The hotel industry in New Orleans has struggled to regain its footing in the years since Hurricane Katrina, but new data suggest a recovery is underway.
An overview of the main drivers of hotel performance through the economic crisis, into the early recovery in 2010 and towards the fourth quarter of 2011, we discuss recent hotel transactions, announced developments and values per room in the city.
Discussed in this update:
• Tourism trends for Hong Kong, Macau, PR China and Taiwan
• Individual Hotel Market Performances
Article: Basel III – The Long Road of Deleveraging
HVS’ 2011 U.S. Hotel Valuation Index (HVI) Shows Significant Increases in Transaction Dollar Value Over 2010