Despite its beauty, friendly people and relatively good weather, Košice remains an unknown destination.This article highlights the potential of a relatively untapped market that is bound to see growth in the coming years.
The HVS Hotel Development Cost Survey 2012/13 reveals construction cost ranges for hotel projects. Changes in the hotel development cycle and the construction industry are reflected in the current data.
Business relocations and expansions are one sign of Oklahoma City’s economic strength since the recent recession; increasing hotel tax revenues, greater demand, and new supply demonstrate the strength of the city’s hotel sector.
Hotel capitalization rates are stabilizing due to the counter balancing forces of a healthy transaction
market, a shortage of product for sale, the low cost of capital and the slowing of net income gains.
2012 was a year of change, from an economic, political and social perspective. Newly elected and re-elected leaders sought to reform and revive, while international visitation fluctuated as a result of the rehabilitation of certain destinations.
Billions of barrels of unextracted oil have drawn masses of companies, crews, and support personnel to parts of Montana and North Dakota. The boom could last for decades, prompting the need for new hotels.
Wildfires ravaged lives and infrastructure on the northwest of Colorado Springs, setting off a scramble for hotel rooms. As the city rebuilds, major projects—including multimillion-dollar hotel renovations—aim to put the local economy back on track.
Nearly 500 hotel owners, lenders, brokers, and developers joined with other hotel experts from HVS and major brands to discuss current and future trends in the U.S. hotel industry.
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.
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.