Portsmouth, NH Shakes off Pandemic-Era Rust & Shows Promise for Future
Situated midway between Boston and Portland, picturesque Portsmouth features a waterfront downtown with a growing hotel market. This article serves as a primer on the market’s history, recent performance, and outlook.
The Minneapolis-St. Paul MSA: A Lagging Recovery
Unlike other major markets in the U.S., the Twin Cities metro area has struggled to bounce back from the pandemic, negative safety perceptions, and the addition of new hotels. However, positive marketing campaigns, publicity from national sporting events, a strong convention outlook, and the potential for hosting the World Expo in 2027 should support a rebound for this lodging market.
Hotel Conversions to Residential Use Heat Up
As economy and budget hotels are nearing the end of their economic life, some properties are finding new capital for renovations from buyers seeking to convert properties to residential use. In this article, we provide a sample list of hotels that have gone through this metamorphosis.
Nashville RevPAR Growth Continues Despite Supply Increases
This article provides a brief update on the state of Nashville’s lodging market as of April 2023.
Destination Los Angeles: A Look at the Future of the Hotel Market
Los Angeles, the entertainment capital of the world, boasts a thriving tourism industry that draws millions of visitors every year. In this article, we will pinpoint the trends, innovations, upcoming events, and challenges that are shaping the future of the Los Angeles hotel industry.
Recent Lodging Trends and Outlook for Chicago, Illinois
Although supply growth has slowed in Chicago, it remains one of the most vibrant and active lodging markets in the United States. Recovery is anticipated to continue as business travel confidence builds further and occupied office space in the downtown market increases.
Norfolk-Virginia Beach MSA: A Full Recovery
The Norfolk-Virginia Beach lodging market was growing rapidly when the pandemic struck in early 2020. The momentum quickly resumed, and a healthy recovery ensued in 2021, with hotel performance surpassing 2019 RevPAR levels by the end of the year. Going forward, ADR is expected to continue on a healthy track, while occupancy will temper.
Spokane County: A Growing Sports and Event Destination
Spokane County’s current and under-construction offerings of sporting and event facilities continue to increase visibility for the market regionally and nationally. This article outlines the recent and upcoming changes to the county’s event facilities.
Short-Term Rentals and Lodging News in Lake Tahoe
The four counties surrounding Lake Tahoe are experiencing a significant boom in tourism and residential sales; however, affordable housing remains a concern. This article explores the restrictions on short-term rentals, the new lodging supply, and the new event center, which are key changes for the Lake Tahoe Basin.
2023 Hotel Performance Outlook for Denver
This article provides an outlook for the Denver hotel market.