HVS Monday Musings: Food Delivery – Wrapping it Up with Sustainable Packaging
The majority of Indian restaurants now use bio-degradable packaging, cutlery, and straws; however, we need creative thinking to make sustainable packaging more “sustainable”. Read on to know more.
Tampa Bay Lodging Market: A High-Impact Destination
The greater Tampa Bay lodging market is thriving, as evidenced by rising RevPAR levels, the entrance and subsequent absorption of significant new guestroom inventory, several high-profile transactions, and numerous exciting development projects in the market’s pipeline.
Differences in Regional Fanbases: Who Goes Where the Most Before and After Games
Philadelphia fans have an earned reputation for climbing light poles in celebration of major victories. Other fanbases throw octopi on the playing surface in celebration. Different fanbases behave differently. A statement that is acknowledged but rarely discussed in a quantitative way. Using data from Placer.ai, HVS gathered data on fan behavior before and after games for every NBA, NFL, MLB, and NHL team and aggregated them by location to enable comparison.
PAM – The Most Useful Benchmark for Hotel Investment
This article introduces KPIs that are considered vital in understanding a hotel asset’s performance by considering how efficiently and effectively space is utilised within the hotel operation.
Key Takeaways from the GF Hotels Forum, Q1 2023
This post recaps the SWOT analysis for the U.S. hotel real estate and investment industry as outlined at the GF Hotels Forum in Towson, Maryland.
A Super, Super Bowl LVII in the Valley
This article provides a summary of the Super Bowl's effects on the Phoenix hotel market.
New York City’s 2018 & 2021 Hotel Zoning Amendments
This article briefly recaps the 2018 and 2021 zoning changes in New York City as they relate to hotel development.
The Miami Market Rises to the Occasion
Nicknamed “the Magic City,” Miami has maintained its position as a world-class destination despite the national economic challenges experienced since 2020. Hotels in the greater Miami-Dade market have continued to realize year-over-year growth in both average daily rate and occupancy over the last several years.
Greater Houston Lodging Market: On the Mend
Hotels in the Houston area faced a significant RevPAR decline in 2020, and at the beginning of 2023, the market is again contending with uncertainty surrounding rising inflation, risk of a potential economic slowdown, and volatility in its largest industry. In this article, we take a look at Greater Houston lodging recovery thus far and the outlook for the future.
Resurgence and Transformation of the Canadian Niagara Falls Hotel Market
The Niagara Falls lodging market is rapidly recovering after the devastating pandemic-induced RevPAR decline of 72.9% in 2020. The market-wide RevPAR has reached 97% of the 2019 level in 2022 and is projected to reach 112% in 2023. ADR growth is leading the recovery.