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.
Is the concept of a “glass ceiling” really applicable in today’s world, and in particular, the hospitality industry? HVS Executive Search explores this subject with Robert-Gaymer Jones, Chief Executive Officer, Sofitel Luxury Hotels.
2012 Canadian Hotel Transaction Survey
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.
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.
The Hong Kong market continues to make waves for its outstanding occupancy performance year after year. Owners are exuberant when hotel management fills their properties. But is it really a time to bask in glory?
Hotel Financing Parameters in Canada