COVID-19’s Impact on the Silicon Valley Lodging Market
Since the onset of the COVID-19 pandemic, the San Francisco Bay Area has been one of the most severely affected markets in the nation. Silicon Valley, despite its status as the technology capital of the world, experienced significant declines in lodging performance because of its historical reliance on higher-rated business travel. This article discusses the changing business dynamics in Silicon Valley and the impact of the pandemic on the local hotel market.
HVS Monday Musings: Tourism Revival in Kashmir, the Paradise on Earth
Jammu & Kashmir has seen a significant increase in tourist traffic since the region's lockdown was lifted, however, the region is still largely unexplored with the potential to become a year-round tourist destination.
Canadian Lodging Outlook Quarterly 2021-Q4
In 2021 limited/select service hotels which represent almost half of the hotels in Canada are leading the recovery over 2019 with hotel demand down by 20% and average rate down by 8% resulting in a RevPAR decrease of 28%. We will be much closer to recovery when the removal of COVID restrictions allow our full-service hotels to follow in the limited/select service footsteps.
HVS Monday Musings: Travel Rebounding Faster Post-Omicron
Omicron has resulted in increased travel restrictions and subdued travel demand around the world. Nonetheless, this time travel demand is likely to rebound at a much faster pace than in prior COVID waves. Continue reading to learn more.
Recovery Outlook for the St. Louis Lodging Market
In 2020, Greater St. Louis-area hotels suffered unprecedented declines in demand because of the COVID-19 pandemic, similar to most cities in the United States. Since then, many travelers have returned, and the greater St. Louis hotel market has rebounded. What has the recovery looked like thus far? What must happen in the next 18 months for the market to reach pre-pandemic performance? What factors will shape the “new normal” for the market?
Northeastern Destination Resorts Amid the COVID-19 Pandemic
How did destination resorts in the northeastern United States fare during the pandemic? What is the future of this asset class?
HVS Monday Musings: Union Budget 2022: Hits and Misses for Indian Hospitality Sector
This article highlights some of the key announcements in the Union Budget 2022 that will impact the Indian hospitality sector.
HVS Monday Musings: Indian Hotel Sector’s Wish List for the Union Budget, 2022-23
This article highlights a few recommendations that India's Union Budget 2022-23 can focus on to help the Indian travel and hospitality sector during these trying times.
HVS Market Pulse: Arlington, Virginia
Arlington County hotels experienced unprecedented declines in demand during the COVID-19 pandemic, similar to most metropolitan areas in the United States. Considering the area’s large number of demand generators, Arlington hotels are well positioned for a recovery, albeit a slow one. How far did the Arlington hotel market fall? What factors will shape this recovery?
HVS Monday Musings: Chandigarh – the Emerging Hospitality Hotspot in India
Chandigarh’s hotel sector has recovered quicker than many other Indian hotel markets, thanks to its strategic location as the gateway for travelers heading to various leisure destinations in the Himalayan region, as well as demand from the wedding segment. Read on to know more.