Americas Hospitality Newsletter (August 15, 2018)

Caribbean Hotel Investment Conference and Operations Summit (CHICOS) 2018 to be Held in Bermuda 

Bermuda will once again serve as host nation to the Caribbean Hotel Investment Conference and Operations Summit (CHICOS). The 8th Annual HVS CHICOS event will be held November 8 & 9 at the Fairmont Southampton Hotel in Bermuda. CHICOS brings together more than 300 regional and international investors and operators, in addition to the numerous other industry stakeholders each year, all to discuss the region's markets and possibilities.

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One Year Later: The Rebound of the Caribbean following the 2017 Hurricane Season 
By Kristina D'Amico

It has been one year since the most dynamic, active, and destructive hurricane period hit the Caribbean in decades. Despite the devastating effect to the region, the resiliency of the Caribbean hotel market has been demonstrated particularly well over the last year, spurred by a strong recovery effort and bolstered by an influx of new airlift to the region.

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Yield Management: A Tool to Achieve Revenue Goals 
By Anne Lloyd-Jones

Many markets in the U.S. have experienced substantial increases in inventory, with some recording year-over-year supply increases of 5.0% or more. Thus far, occupancy levels have generally remained strong, as most markets have seen demand growth keep pace with supply. The same cannot be said for average rates. The first signs of market saturation are often found in the average rate trends. Why? The short answer to this question is yield management.

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Dual-Brand Hotel Market Overview 
By J. Carter Allen

This article focuses on specific market analysis and data applicable to the development and operation of dual-branded hotels. Much has been written about the dual-brand concept over the last several years, particularly related to the asset type’s benefits and challenges. Instead of providing another such piece that rephrases the same concepts in different ways, this article will focus on data collected from our work with dual-branded hotels over the last several years. While a review of the history of dual-branded hotels and some basic concepts are necessary, this article will hope to provide new data and prove, or disprove, some commonly accepted themes related to dual-branded hotels in the U.S.

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Canadian Lodging Outlook Quarterly 2018-Q2 
By HVS Canada

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook.  Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.

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HVS Market Pulse: Greater Phoenix, AZ 
By Michael Smithson

Following several years of strong RevPAR growth leading up to Super Bowl XLIX in 2015, growth in the Phoenix market has slowed somewhat. ADR growth was modest in 2016, as much of the market experienced a post-Super Bowl correction, but ADR rebounded in 2017. Occupancy growth has remained relatively modest since 2016, slowing even more in 2017 but remaining positive. Year-to-date data through May 2018 illustrate modest increases in both occupancy and ADR, resulting in moderate RevPAR gains.

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