Energy exploration in the Fort Worth Basin is revving up the region’s economy and generating demand for hotels in the Metroplex. Will recent growth in Fort Worth’s energy, commercial, and leisure sectors continue over the long term?
Underpinned by emblems of education, government, business, music, and history, Austin’s economy ranks among the best in the nation. New full-service hotels should lead to more convention demand, with hotel performance growth expected market-wide.
The 2013 Middle East Hotel Survey provides market aggregate, key performance indicators reinforcing the resilience of the region, moreover offering investors an indication of maximum supportable development costs when undertaking hotel investments.
Recent macroeconomic figures suggest a growth in GDP resulting in further strengthening of the country’s economy. The Dubai hotel market witnessed a significant increase in performance wherein some submarkets recorded double-digit RevPAR growth.
Online hotel guest reviews significantly influence the booking decisions of future guests. Implementing the 7-step strategy suggested in this article can improve guest satisfaction and may increase future bookings.
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.
Billions of barrels of unextracted oil have drawn masses of companies, crews, and support personnel to parts of Montana and North Dakota. The boom could last for decades, prompting the need for new hotels.
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.
The 2012 Middle East Hotel Survey highlights regional macroeconomics, visitation characteristics, performance indicators and major developments, reinforcing the resilience of the region, poised for recovery and development despite the Arab Spring.
As the boutique hotel sector continues to grow, operators must work harder to create a point of difference for their properties as well as to maintain a sense of exclusivity and aspiration, as we investigate this further in the following article.