The Northwest Hospitality Specialists.
In the fall of 2012 you may have considered the growth of demand in the past year and a half outstanding. However, STR founder, Randy Smith cautioned that this growth of demand would begin to decline to standard levels in the next year. This along with the rate of growth still lagging would have a [...]
If you didn’t attend the ALIS hotel conference in Los Angeles this year, you really missed something! Hotel investment conference attendance is a barometer for the health of the hotel industry. Companies send lots of delegates to these conferences when they are doing well, expect increased business, and are optimistic about the future. By that [...]
In an earlier blog post, I discussed my observation in the marketplace that finally we are seeing Sellers and Buyers reaching the same valuations for property. Sellers have adjusted their expectations a little and Buyers realize in many cases that there can be significant upside in buying a property even at market values, especially in [...]
In reading the recent article by Joel Ross in the HotelNewsNow bulletin (“Hotel industry sentiment falls back to reality”, February 2, 2012), I was struck by the similarity in Joel’s opinions to a conversation we had in our office just this morning. Joel was reviewing the sentiment which came out of the recent ALIS conference [...]
Myth Number 1 That income defines in which segment a guest stays is indeed a myth, she said. Almost a quarter of guests staying in the economy segment during 2010 made more than US$100,000 in household income, for example. Myth Number 2 Another myth: Corporate business is driving the economy. In reality, leisure is stronger [...]
