Publications & Events

As 2023 ends, regional HVS leaders across the globe take a look back at how the global hotel industry fared this year. Overall, operating metrics shined brightly, with revenue growth achieved in most global markets, while investment activity cooled. The investment market is expected to improve in 2024.

The 2023 edition of the Caribbean Hotel Investment Conference & Operations Summit (CHICOS) brought over 300 attendees to the Westin Beach Resort & Spa St. Thomas, USVI, for several days of networking and industry insights from key stakeholders in the region. This article provides key takeaways from this year’s conference.

The pandemic’s prolonged impact on the New Orleans hospitality market exacerbated a slow period in the convention cycle. However, New Orleans remains a popular leisure destination, with new upscale hotel supply and renovations to demand generators. Market participants are confident that demand growth in 2024 and 2025 will help the city recover to its pre-pandemic metrics.

Why do some stadiums attract more tourists and economic impact than others? It does not have to do with the quality of a city’s music scene or attractiveness, but the availability and cost of tickets. Tickets to venues in densely populated areas with higher incomes are harder to get, so instead people travel to venues with tickets that are available, and cheaper.

Silicon Valley historically experienced strong lodging performance driven by high-rated corporate demand during the week. Thus, the rise of remote work policies has had an impact on recovery. However, the presence of Big Tech, surging interest in AI technology, and expansion of the life-sciences sector are anticipated to drive growth in this market over the long term.

Order the HVS CompStats Report to compare your hotel’s operating performance to that of five similar lodging facilities in your region.

The tailor-made HVS CompStats Report assists hotel owners, property managers, and asset managers in analyzing their hotel’s performance against that of five similar lodging facilities in the same region.

Data are provided by three points of comparison:

• Percent of Revenue
• Dollars per Available Room
• Dollars per Occupied Room

The file is provided in Excel format with an input area for your hotel’s operating statement. The model then allows for easy comparison and programmed highlights for opportunities to enhance profitability.

For more information on this report, or if you have questions, please contact Koby Kearney at [email protected].

We are also providing the HVS Hotel Operating Statement Insights Report (HVS-HOSI Report), which includes the 2022 operating data for the United States, as a whole, aggregated from our entire database of property data. For this report, visit our page here.

The HVS Hotel Operating Statement Insights Report (HVS-HOSI Report) includes the 2022 operating data for the United States, as a whole, aggregated from our entire database of property data.

On the first tab of the Excel workbook, data are provided by three points of comparison for limited-, select-, and full-service hotel categories:

• Percent of Revenue
• Dollars per Available Room
• Dollars per Occupied Room

On the second tab of the Excel workbook, data are provided by a hotel price category comparison for each of the three aforementioned points of data (%, PAR, POR) for the following classifications:

• Luxury
• Upper Upscale
• Upscale
• Upper Midscale
• Midscale
• Economy

As noted, the file is provided in Excel format.

For more information on this report, or if you have questions, please contact Koby Kearney at [email protected].

We are also providing the tailor-made HVS CompStats Report to assist hotel owners, property managers, and asset managers in analyzing their hotel’s performance against five similar lodging facilities in the same region. For this report, visit our page here.

Leisure travel is growing relentlessly, with a paradigm shift that more and more tourists are looking to explore lesser-known, uncharted regions. Read on to know more.

Despite the significant impact of the COVID-19 pandemic in 2020 and early 2021, the state of Hawaii experienced a historic surge in domestic tourism, driving RevPAR to record levels in 2022. This article explores recent hotel performance throughout the state, as well as the outlook for the future.

India's amusement & theme parks industry is still nascent, accounting for only a minuscule global market share, however, demand in this segment is expected to increase in the future. Read on to know more.