The impact of the downturn in the national and worldwide economies, and the resulting decrease in consumer consumption, was strongly felt by the Las Vegas gaming-tourism industry in 2009. Has the bottom been reached?
2009 Canadian Hotel Transaction Survey
Steve Rushmore's October 2009 article for Lodging Hospitality
From economy to luxury hotels, existing and proposed, knowing the sources, habits, and prevalence of future patrons is crucial to success.
Steve Rushmore's January 2009 article for Lodging Hospitality magazine.
Steve Rushmore's June 2009 article for Lodging Hospitality magazine.
In 2009, HVS provided valuation and expert testimony for the Yellowstone Club in US Court. The appraisal of the private club, resort and master planned community, financed by Credit Suisse, shares insights into causes of the global financial crisis.
Unemployment is high, automakers are still in the red, and the city’s hotel industry hangs in the balance. But there’s more happening in Detroit than the statistics reveal.
Finding A Way Out
The 2009 U.S. Hotel Valuation Index (HVI), tracking 65 major markets and the United States as a whole, discusses the historical and projected impact of the credit crisis and resultant recession upon U.S. hotel values.