Military installations—some expanded, others diminished—in Georgia, South Carolina, and North Carolina are impacting hotel demand and average rates.
Extended-stay hotels began evolving in the 1970s to serve business travelers, vacationers and families seeking a home-like atmosphere. They differ from traditional hotels in terms of room types, amenities and particularly, pricing.
Major hotel sales activity was robust during the first half of 2011. Transactions have resumed but will continue to face headwinds in 2012 due to continuing economic and political uncertainty.
Total European hotel transaction volume reached approximately €7.1 billion in 2011, an increase of 9% on the €6.5 billion recorded in 2010.
The Singapore hotel industry experienced record-breaking performance in 2011, as RevPAR surged 15% to S$212 in 2011 from S$185 in 2010, driven by record visitor arrival of 13.17 million.
Visitor volume is the single-largest determinant of Southern Nevada's economic health, driving hotel occupancy, average daily room rates, and gaming revenue. All experienced modest increases in 2011 and are expected to continue to improve in 2012.
Now in its second year, the 2010 Hotel Cost Estimating Guide has been updated to include more useful information for hotel renovation decision-makers.
The hotel industry in New Orleans has struggled to regain its footing in the years since Hurricane Katrina, but new data suggest a recovery is underway.
Suzanne Mellen's Presentation at the ALIS Conference on January 23, 2012
2011 Canadian Hotel Transaction Survey