The recent recession cut into Wilmington’s hotel market as demand from financial institutions and other firms weakened; however, new projects, rising room rates, and a strengthening economy in the city and MSA are putting RevPAR on the mend.
Despite its beauty, friendly people and relatively good weather, Košice remains an unknown destination.This article highlights the potential of a relatively untapped market that is bound to see growth in the coming years.
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.
2012 was a year of change, from an economic, political and social perspective. Newly elected and re-elected leaders sought to reform and revive, while international visitation fluctuated as a result of the rehabilitation of certain destinations.
Wildfires ravaged lives and infrastructure on the northwest of Colorado Springs, setting off a scramble for hotel rooms. As the city rebuilds, major projects—including multimillion-dollar hotel renovations—aim to put the local economy back on track.
This article focuses on the Caribbean lodging market and provides valuable insight into the major island destinations Aruba, the Bahamas, Cuba, Jamaica, the Dominican Republic, and Puerto Rico - considered the “The Big Six” in Caribbean tourism.
What is needed to reposition an entire destination? All around the world destinations reach a mature life cycle and are forced to re-invent themselves due to increased global competition. This case study on Montenegro can provide an insight.
Boston’s burgeoning Waterfront District has been part of a rising tide of demand for local hotels, and expansion of the city’s convention market has created a need for thousands of additional rooms.
Myanmar has great potential to establish itself as a prime tourist destination in Southeast Asia. The tourism industry was not a priority for several decades – yet the situation is changing.
Energy prices, strong for the past several years and rising in 2012, have driven impressive growth in jobs, commercial space, and other developments in Houston. This growth and major planned projects continue to pump hotel demand into the city.