Publications & Events

The HVS Hotel Broker Survey is published twice annually and provides an important look at cap rate trends, multipliers, and other key investment metrics for the U.S. hotel industry. HVS reaches out to active hotel brokers across the nation to participate in the survey, and their insights provide you with the pulse of the market as it relates to the following key topics:

• Discount Rates (by hotel product type)
• Going-In Cap Rates (by hotel product type)
• Exit Cap Rates (by hotel product type)
• Current Rooms Revenue Multipliers
• Hotel Exposure Time & Marketing Time (by hotel product type)
• Selling Expenses (by hotel product type)
• Effects of Liquidation
• Insights into Specific Markets (as provided)
• Market Sentiment (cooling, steady, or hot)

Upon ordering the HVS Broker Survey, our team will send the PDF report to the email address provided during the ordering process. If you encounter any problems ordering your report, please contact Lizzette Casarin.

INVITATION TO HOTEL BROKERS

We'd love for you to join our next survey and share your valuable insights. As a thank you, you'll receive a free copy of our comprehensive report, which is packed with the latest market trends and data analysis to help you stay ahead in the industry. You will also receive a thank you gift!

Contact Rod Clough today to participate.  

This article describes the key differences in hotel profitability levels for economy and midscale extended-stay hotels based on a review of actual hotel operating statements in the United States, compiled by HVS. As developers and investors consider what kind of hotel to build, many look to HVS for help in making that decision.

In Focus: Singapore provides an overview of Singapore's tourism landscape and hotel market performance, infrastructure developments, hotel transactions and investments in 2024, an in-focus topic on MICE and the entertainment tourism industry, as well as an outlook.

HVS discusses the main hotel transactions that took place in 2024 and looks at the trends in single-asset and portfolio transactions over the years.

Visitation and other tourism indicators in 2024 met or exceeded most 2023 totals. Las Vegas hosted 40.8 million visitors in 2024, surpassing the 40-million visitor threshold for the second year in a row. Gaming revenue for Clark County in 2024 was $13.5 billion, setting a new annual record for the third straight year. In 2024, occupied room nights, as well as total occupancy (83.6%), continued to lag pre-COVID pandemic performance; however, ADR and RevPAR reached record levels.

The Downtown St. Louis hotel market steadily recovered from the impact of the COVID-19 pandemic until 2024, when the recovery stalled due to a correction in leisure demand and disruptions at the convention center. However, subsequent airport passenger traffic growth and completion of the convention center’s expansion, along with other trends and developments, provide a stronger outlook for the market in 2025 and beyond.

This article provides an overview of the use and application of capitalization rates and rooms revenue multipliers in the valuation of limited-service hotels, as well as recent trends for these metrics, as researched and compiled by U.S. Hotel Appraisals and HVS.

The Montréal hotel market has made a strong comeback from the pandemic, experiencing a 4.6% rise in room supply, in contrast to the declines in Downtown Toronto and Vancouver. This expansion, combined with a rebound in air travel, extensive hotel renovations, and effective tourism promotion, has positioned Montréal as the most resilient market. With substantial investments and a thriving meetings and events sector, the city’s hotel industry is undergoing a significant evolution.

'hopeful' is an annual publication launched at the HVS ANAROCK HOPE 2025 conference in February 2025. Featuring a range of articles and insights, the magazine offers valuable perspectives to guide through the changing hospitality landscape. Dive in to discover more.

Our views around the world reflect early optimism for 2025, with the anticipation of stronger transaction activity and modestly improving hotel metrics in most regions.