In 2018, Los Angeles welcomed a record 50 million visitors, with hotel occupancies and average rates reaching peak levels. Nevertheless, hotels have begun to feel the effects of new supply. This article provides an outlook for 2019.
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
The Market Snapshot: Asia Pacific 2018 highlights an overview of transaction activity in the region and presents 16 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.