This fifteenth annual Lodging Tax Study presents data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Our analysis of 25 major U.S. hotel markets shows room revenue growth slowing through 2024 and leveling off through the first eight months of 2025, reflecting weakening travel demand across key markets.
Industry Insights
We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.
2025 Lodging Tax Report - USA
This fifteenth annual Lodging Tax Study presents data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Our analysis of 25 major U.S. hotel markets shows room revenue growth slowing through 2024 and leveling off through the first eight months of 2025, reflecting weakening travel demand across key markets.
HVS ANAROCK Northeast India: A Hidden Gem for Tourism Potential
The report explores Northeast India’s untapped tourism potential, analyzing its economic impact, infrastructure growth, state tourism policies, and branded hospitality landscape. It highlights key opportunities, challenges, and strategic recommendations to drive sustainable, inclusive, and community-led tourism development across the region.
Market Snapshot: Asia Pacific 2025
The Market Snapshot: Asia Pacific 2025 highlights an overview of transaction activity in the region and presents 24 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.
HVS ANAROCK MONITOR, September 2025
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
Downtown Indianapolis Hotel Market: Demand Drivers and Development Opportunities
The hotel demand landscape of Downtown Indianapolis is evolving rapidly, driven by major developments, a packed events calendar, and growing business activity downtown. With several large-scale development projects underway in a variety of sectors, the city is creating exciting opportunities for hotel owners, developers, and investors.
Why Wellness Resorts Offer Healthy Investment Opportunities
Today’s travelers are prioritizing their health and wellbeing more than ever before, triggering the rapid development worldwide of dedicated resorts and driving mainstream hotels to expand their facilities. Hala Matar Choufany, president of HVS Middle East Africa, drills down into the numbers and explains why health-related resorts offer significant potential for regional developers.
HVS ANAROCK Insights - Scaling Up Smart: Hotel Operators Fast-Track Their Expansion Strategy Through Strategic Partnerships
With new deals reshaping the landscape, strategic partnerships and acquisitions are back in focus across India’s hospitality sector. Read on to know more.
HVS ANAROCK MONITOR, August 2025
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
In Focus: Indonesia
In Focus: Indonesia provides an overview of Indonesia's tourism landscape and hotel market performance, infrastructure developments, hotel transactions and investments in 2024, an in-focus topic on the 10 priority destinations as well as an outlook.
HVS ANAROCK MONITOR, July 2025
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
Industry Insights
We have written thousands of articles about all aspects of hospitality, including valuations, investing, lending, operations, asset management, and much more.
The report explores Northeast India’s untapped tourism potential, analyzing its economic impact, infrastructure growth, state tourism policies, and branded hospitality landscape. It highlights key opportunities, challenges, and strategic recommendations to drive sustainable, inclusive, and community-led tourism development across the region.
The Market Snapshot: Asia Pacific 2025 highlights an overview of transaction activity in the region and presents 24 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
The hotel demand landscape of Downtown Indianapolis is evolving rapidly, driven by major developments, a packed events calendar, and growing business activity downtown. With several large-scale development projects underway in a variety of sectors, the city is creating exciting opportunities for hotel owners, developers, and investors.
Today’s travelers are prioritizing their health and wellbeing more than ever before, triggering the rapid development worldwide of dedicated resorts and driving mainstream hotels to expand their facilities. Hala Matar Choufany, president of HVS Middle East Africa, drills down into the numbers and explains why health-related resorts offer significant potential for regional developers.
With new deals reshaping the landscape, strategic partnerships and acquisitions are back in focus across India’s hospitality sector. Read on to know more.
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
In Focus: Indonesia provides an overview of Indonesia's tourism landscape and hotel market performance, infrastructure developments, hotel transactions and investments in 2024, an in-focus topic on the 10 priority destinations as well as an outlook.
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
Robust demand in urban centers continues to drive Canadian hotel values despite high interest rate environment.