Corpus Christi’s economy is buttressed by tourism, an expanding international port of shipping and trade, and an energy industry that has realized enormous growth over the past few years. How have improving economic conditions affected area hotels?
Hong Kong visitor arrivals were driven by mainland Chinese visitors, while greater China faces a headwind.
Total European hotel transaction volume reached approximately €5.6 billion in 2012, a decrease of 21% on the €7.1 billion recorded in 2011.
This year's European Hotel Valuation Index (HVI) covers 32 hotel markets across Europe. The article provides values per room as well as year-on-year percentage changes. Additionally, the HVI provides a five-year forecast and a volatility index.
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.
New business partnerships, investments in high-tech companies and facilities, and rising hotel demand and average rates point toward a path of growth for Lansing’s economy and hotels.
Limited high-end hotel supply in Taiwan coupled with a positive tourist arrivals outlook provide opportunities for Taiwan’s hotel market to bloom.
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.
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.