Phoenix’s growth in 2015 reflects the hopes of hotel developers and owners in the market, as performance closes in on pre-recession levels.
Though on the verge of an influx of new hotel supply, demand in Hampton Roads has risen in recent years, improving occupancy and allowing hoteliers to command better rates.
Occupancy swung above 75% for Seattle’s hotel industry in 2014, a reflection of the city’s blossoming economy. High demand has also supported strong average rates and rising hotel values.
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?
Unemployment and office vacancy has been dropping in Columbus, the state capital and a major center for financial and healthcare services in Ohio. Hotel occupancy hit a record high in 2012, and average rates are gaining ground.
International attention falls on Des Moines, Iowa every four years as the epicenter of the presidential primaries, but the city hosts an unsung stable of big businesses that consistently generate demand for area hotels.
Bed-and-breakfasts and small inns dominate the lodging landscape at Port Townsend. Lodging demand has remained stable since 2004. Infrastructure improvements and marketing efforts will support growth, while additions to hotel supply will temper it.
New demand-generating developments and attractive investment parameters are putting the Nashville hotel market on track for an impressive recovery.
The Emerald City, in recent years thought to be recession-proof, has lost a bit of luster in the national economic downturn.
HVS has applied a methodology for gauging the transformation of emerging lodging markets into self-contained markets in Mexico, Central America, and the Caribbean.