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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.

HVS discusses the main hotel transactions that took place in 2022 and looks at the trends in single-asset and portfolio transactions over the years.

Unlike other major markets in the U.S., the Twin Cities metro area has struggled to bounce back from the pandemic, negative safety perceptions, and the addition of new hotels. However, positive marketing campaigns, publicity from national sporting events, a strong convention outlook, and the potential for hosting the World Expo in 2027 should support a rebound for this lodging market.

The Norfolk-Virginia Beach lodging market was growing rapidly when the pandemic struck in early 2020. The momentum quickly resumed, and a healthy recovery ensued in 2021, with hotel performance surpassing 2019 RevPAR levels by the end of the year. Going forward, ADR is expected to continue on a healthy track, while occupancy will temper.