INDUSTRY INSIGHTS

HVS provides thousands of articles on all aspects of hospitality, including hotel valuations, investing, lending, operations, asset management, and much more.
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Ergonomic Design and Lean Management in the Hospitality Industry in India

In today’s world, it is essential for hotel investors and owners to consider all elements of design and efficiency which drive revenue per square foot. Ergonomically designed hotels with operational efficiencies and lean management is the ideal mix. The key here is to achieve a balanced-functional structure and marry operational efficiency with eye catching design, without compromising on class or style in any way. Read on to know more.

Paid Publication JN+A & HVS Design Hotel Cost Estimating Guide

For the last ten years, Jonathan Nehmer + Associates, Inc. (JN+A) and HVS Design, leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, have published the Hotel Cost Estimating Guide, a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations.     

The 2020 Hotel Cost Estimating Guide evaluates costs in a variety of hotel tiers including Economy, Extended Stay, Midscale, Upscale, Upper Upscale, and Luxury.  Within each tier, costs are separated into the categories of Guestrooms; Guest Bathrooms; Guestroom Corridors; Public Areas; Food & Beverage Outlets; Function Space; Recreational Facilities; Infrastructure; and Common Additives. 

The 2020 Hotel Cost Estimating Guide also features estimated percentages for freight and warehousing for each tier along with contributing cost variables.  The Guide includes sample schedules for select service renovations (both prototype and custom) and for a full service renovation.   

The following firms contributed unit cost data to the 2020 Hotel Cost Estimating Guide: Audit Logistics; Benjamin West; Continental Contractors; Ironstar Construction, Inc., Reliance Construction; and The Allied Group.

The Hotel Cost Estimating Guide is available as a complimentary download.

Download the 2020 Guide
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Download the 2014 Guide
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Download the 2011 Guide
Download the 2010 Guide

HVS: COVID-19 Impact on Hotels in Asia Pacific

While the pandemic is anticipated to prolong, hotels should start to draw up plans in preparation for a recovery. In the meanwhile, it is the perfect time to relook into operational strategies, cost-saving initiatives, refurbishment, marketing distribution channels, staff training and technology upgrade.

HVS Market Pulse: Phuket, Thailand

The following article gives a brief overview of Phuket, its tourism industry, and the recent dynamics of the local lodging market.

The Suite Spot for Family Travel: Development Insights for Attracting Summer Travel Demand

As the summer travel season sets in, millions of families across the United States are setting out on their annual road trips. My family, fresh off a Spring Break trip from St. Louis to New Mexico and back, will be among those millions on our planned summer excursion to the Rocky Mountains.

Cape Town Calling: Undoing the impact of ‘Day Zero’ on Tourism

With dam levels rising in Cape Town and the city becoming water-wise the threat of ‘Day Zero’ has been pushed out to 2020 or potentially ‘never’. The city now needs to market its comeback and set benchmarks for sustainable tourism destinations.

Mitigating Spa and Wellness Investment Risks

Having an acute understanding of how spa and wellness features intersect with perceived value and profitability percentages, conveys important impacts on asset performance, momentum and risk.

Sustainable Extravagance: Water-Wise Hospitality

The article elucidates the various initiatives adopted by the hotel industry in South Africa's Western Cape, in response to the ongoing drought, in order to mitigate the challenges water scarcity brings to a water intensive enterprise.

Market Pulse: Raleigh, NC

Raleigh’s economy and hotel landscape continued to grow in 2016, despite controversial government measures that affected the entire state. Hotel supply expands to meet demand, and 2017 is expected to be generally positive for the lodging industry.

HVS Market Pulse: Charlotte, NC

Even with some 50 new hotels in Charlotte’s pipeline, the area is poised for continued growth in occupancy and average rate, with commercial and residential developments expected to continue to boost hotel demand.
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