HVS Dubai consultants attended the 2022 Future Hospitality Summit, held September 19-21 in Dubai, which brought together nearly 1,100 hotel owners, investors, operators, brand representatives, and consultants. This article summarizes key takeaways from the presentations and panel discussions held at the conference.
Following the devastating effects of the COVID-19 pandemic on Indianapolis’s hospitality and tourism industries, a recovery is well underway, led by leisure demand generated by the city’s sporting and entertainment events and the return of meeting and group demand.
While New York City has been the focus of discussion around the state’s pandemic recovery, the Finger Lakes, the Adirondacks, and the Catskills/Hudson Valley markets have offered some of the biggest surprises. This article looks at how these three resort markets have fared throughout the pandemic, as well as the factors affecting their recent performance.
The halls of the JW Marriott Desert Ridge were buzzing this week as thousands descended upon the Phoenix resort for this week’s Lodging Conference. If you couldn’t make it to the event, here’s a quick recap of what you missed.
The Bronx’s distance from Manhattan and limited attractions have historically lacked appeal to people relocating to or within New York City. However, the availability of land, particularly along waterfront areas, and lower rent pricing have become catalysts for development over the last several years, bolstered by the popularity of the hybrid work model resulting from the COVID-19 pandemic. Continued gradual growth, coupled with increasing desirability, has created a resurgence for the Bronx.
In recent years, Tucson has begun to emerge from the shadow of Phoenix. Tucson's temperate winter and spring and its five-star resorts contribute to making tourism the third-largest industry of the local economy. In this article, we provide an overview of Tucson and the recovery over the past two years during the pandemic, provide a snapshot of overall existing supply in both Tucson and Phoenix, and analyze transaction trends in both cities.
With the height of the pandemic behind us, we are shifting to a world where COVID-19 is ubiquitous and will be part of everyday life for the foreseeable future. How is this realization affecting the Nashville lodging industry? What segments are experiencing the strongest improvements, what areas are lagging, and are any lodging factors changed permanently? Here, we take a look at Nashville’s lodging recovery as of mid-year 2022.
The tale of the looming recession was mixed, with some forecasting a shallow, short-lived recession, and others expecting a more significant impact. The overall sentiment remains a positive one, and that cash flow growth should continue. Despite high inflation, other economic markers, such as consumer goods, mortgage default rates, and low unemployment rates, look positive.
In 2020, San Diego-area hotels suffered unprecedented declines in demand because of the COVID-19 pandemic, similar to most cities in the United States. Since then, many travelers have returned, and the greater San Diego hotel market has rebounded. What has the recovery looked like thus far? What must happen in the next 18 months for the market to reach pre-pandemic performance? What factors will shape the “new normal” for the market?