Colorado hotel inventory declines slightly for second year
Denver Airport, Colorado ski areas experience most significant hotel supply declines
The number of available hotel rooms, or hotel supply, has declined in about half of the 15 hospitality regions in Colorado. Last year, almost 400 fewer rooms were available, and th...
Oahu, Sacramento generate strongest increases in 2024 hotel investment sales volume in western US
Majority of areas in region experienced declines in hotel sales volume
In the western part of the United States, 11 out of the 37 markets generated a higher hotel investment dollar volume than in the same period last year. Maui was the only destinatio...
Business travel pickup helps Seattle hotel demand stand out on West Coast
Amazon return to office boosts business travel
While hotels in several large West Coast markets continue to struggle for various reasons, there are signs of hope in the Pacific Northwest.
Weekday demand in Bellevue and downtown Seattle drive hotel performance gains
Conventions and return-to-office policies are boosting hotel demand
Corporate travel, conferences and conventions are driving gains in weekday hotel performance in Seattle. As a result, the region has experienced one of the highest topline hotel pe...
Hotel supply crunches are occurring in Charlotte, Seattle, Denver airport areas
Mixed-use plans include airport hotel growth in Charlotte
Airport hotels are rarely celebrated, but they’re always appreciated by tired and time-strapped travelers. In some mid-sized U.S. cities, though, they are in short supply. That’s p...
Slowing domestic leisure travel demand impacts California destinations
Weekend topline hotel performance declined in the Golden State
Weekend hotel performance in California and nationally highlights the slowdown in domestic leisure demand for hotels. Only two markets in California experienced weekend revenue per...
Upper-tier hotels continue to make their mark across the US
A review of the largest markets shows sizable growth for this room segment
Looking ahead to 2025 and beyond, construction pipelines are heating up for higher-end hotels. Across the U.S., more than 25,000 new upper-tier rooms classified as luxury and upper...
Bifurcated hotel performance is not occurring in Los Angeles
Performance declined in all hotel types as domestic leisure travel shifts, but the city center grows
Every hotel type in Los Angeles County experienced year-to-date revenue per available room, or RevPAR, declines through August.
Hotel profitability margins fall as room revenue growth slows and labor expenses increase
Lower gross operating profit growth historically happens during economic recessions
Many hotels are currently or about to embark on budgeting for 2025, and a prominent topic is hotel profitability. Hotel room revenue per available room, or RevPAR, has slowed to 1....
Maui remains top hotel market despite slow recovery after fire
Hotel occupancy grows outside of the Kaanapali area
A year after the tragic fire in Maui, Hawaii, topline hotel results remain below prior-year levels.
International Hotel Demand in San Francisco To Exceed Pre-Pandemic Benchmarks in 2025
Forecasts Suggest Increasing Reliance on International Demand Compared to Domestic
Although key performance metrics in San Francisco are nowhere near levels typically achieved before the pandemic, international hotel demand is expected to return to pre-pandemic l...
Hotels Should Prepare for Continued American Outbound International Travel
Domestic Leisure Demand Softens as Outbound Departures Grow
Despite a second consecutive summer of double-digit growth in U.S. citizens traveling abroad, the nation is behind in outbound international departures.
Declining Economy Hotel Performance During High Inflation Isn’t a New Trend
Impact on Economy Class Hotels Was Initially Masked in This Economic Cycle
In the U.S., the impact of higher inflation is cutting into the travel budgets of lower-income households, negatively impacting hotel performance in economy-class hotels. Demand, o...
Hospitality Executive Explains How Economy Hotels Can Stand Out as Segment Falters
Marketing Must Be Based on Geography, Reality, Horwath HTL Managing Partner Dorothy Dowling Says
TEMPE, Arizona — As economy hotels still struggle disproportionately compared to the rest of the hotel industry, they need to focus on how to set themselves apart from the competit...
High Share of Group Demand Spurs Convention Center Upgrades
Most Completed Convention Center Projects Experienced Double-Digit Group Demand Increase
Hotel room demand generated through conferences and conventions significantly drives overall hotel performance in many convention center destinations. However, convention center re...
Despite Hotel Closures, The Strip Remains King of Retail
Nearly 20% of Retail Space in Las Vegas is Clustered Within a 3-Mile Radius
The closures of two iconic hotels, the Tropicana and The Mirage, will temporarily decrease retail inventory by tens of thousands of square feet, but these removals represent only d...
Nevada Gambling Revenue Mixed as Las Vegas Hotel Occupancy Rises
Revenue Still Tops $1 Billion for 38th Consecutive Month
Nevada's monthly gaming revenue, driven by the Las Vegas Strip, eclipsed $1.24 billion in April and marked the 38th consecutive month of over $1 billion in gaming revenue for the S...
Las Vegas To Be Stripped of More Than 4,600 Hotel Rooms in 2024
Limited Impact on Hotel Performance Is Expected Based on Previous Changes
By year-end, the Las Vegas Strip submarket will have 4,600 fewer hotel rooms following the demolition of one major resort and extended closure of another. With more than 115,000 ho...
Savannah’s Hotel Growth More Than Doubles Other Areas in Georgia
More Than 6,400 Hotel Rooms Are Under Construction in Georgia but Groundbreakings Have Moderated
While Atlanta leads Georgia for the most hotel rooms under construction, a different region took the top spot for new hotels as a percentage of total rooms. The total number of ho...
Outlying Locations Will Have Highest Share of Hotel Room Increases
Mega Projects Lead Southwest Additions, While East Coast Developments Are Diversified
Many areas with the highest share of under-construction hotel rooms compared to the current total number of rooms are outside major city centers. South and East San Diego, La Guard...