Despite turbulence in the global economy, 2011 was a triumphant year for the region, with markets setting new records. In this update: tourism trends, hotel market performance and the China Outbound Market.
Northern Canadian Hotel Markets
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.
Shipping and manufacturing have been the backbone of Chattanooga’s economy for more than a century. New investments in leisure attractions and commercial facilities are encouraging even more guests to pass through, bringing business to local hotels.
The East Coast’s Mid-Atlantic States are poised for gaming growth; this article examines new competition, and recent events in both developing and mature markets.
An overview of hotel value factors in Morgantown, West Virginia.
Year-end 2011 RevPAR in Miami-Dade County surpassed the 2007 level, or what is generally regarded as the peak of the market. The Miami Beach, Downtown/Brickell, and the Airport markets performed strongly and are poised to have another great year.
Featuring Reprint of Tiered Pricing and Yield – Key Drivers of Extended-Stay Success
The 2012 European Hotel Valuation Index tracks trends in upscale hotel values in 33 key European markets. 2011
started as a year of improved performance, but it deteriorated to renewed uncertainty about the future during the second half of the year.
The 2011 hotel development survey reports updated per-room development costs through the end of 2011. This year's survey reveals a range of factors impacting the turnkey cost of hotel development.