HVS interviews Mr. Haitham Mattar, CEO of RAKTDA, who has contributed to the growth of the Emirate’s tourism through various sustainable development and diversification strategies in recent years.
GCC countries have supported and grown inbound tourism in the last 15-20 years. HVS remains confident that accommodated room night demand will grow despite the aggressive development pipeline.
Recent hotel transactions show investor confidence in this high-barriers-to-entry Southern California market. This article illustrates the current conditions and lodging metrics of the Huntington Beach, Newport Beach, and Costa Mesa submarkets.
In this 7th annual Lodging Tax Report, HVS explores the current status and historical trends of lodging taxes in the USA. This updated version provides lodging tax rates/collections on all 50 US states and 150 US cities.
Year after year, this event brings together a strong showing of hotel owners, operators, developers, investors, managers, and employees, as well as experts in government affairs and others interested in the lodging industry.
Phoenix is undergoing economic expansion after extended post-recession recovery. Hotel-performance growth continues despite post-Super Bowl ADR correction and a large new supply pipeline; however, supply growth will soon overtake increases in demand.
The first signs of market saturation are often found in the average rate trends. Why? The short answer to this question is yield management.
As Zimbabwe undergoes a historic election, tourism is a key industry that could drive the country’s makeover.
South Africa has continued to strengthen its ties with China, to ensure that the economic engagement was mutually beneficial, continued to lead to infrastructure development, greater economic participation and the greater good of both countries.
While Tucson may be overshadowed by Phoenix, the market is making strides in its own right. New supply remains at healthy levels and is not expected to negatively affect performance for the greater market.