Happy New Year! We hope that you and your family have had a relaxing and enjoyable holiday season (as we have). We’re refreshed and ready to jump into the new year with both feet, so let’s get to it! Hospitality Market Outlook The hospitality industry in the Pacific … [Read more...] about Hospitality Market Outlook for 2023
SEATTLE FACES HOTEL ROOM SURGE IN 2018
Developers are expanding Seattle's hotel stock — over 2,000 rooms will deliver in the next two years alone. Can demand keep up? In the past three years, developers completed five hotels, adding 671 rooms to the downtown hotel inventory, according to the Downtown Seattle … [Read more...] about SEATTLE FACES HOTEL ROOM SURGE IN 2018
As Good as it Gets? Peaking Hospitality Sector Facing Mixed Outlook from Rising Supply, Growing Influence of Airbnb
Occupancy Levels Expected to Decline in 2017 After Eight-Year Growth Run As More Than 255,000 New Rooms Hit Market ikn 2017 and ’18 In its latest outlook for the U.S. lodging sector, CBRE Hotels’ Americas Research notes that the sector will continue to accrue benefits … [Read more...] about As Good as it Gets? Peaking Hospitality Sector Facing Mixed Outlook from Rising Supply, Growing Influence of Airbnb
The pros, cons of independents, brands and soft brands
Hoteliers on the “Pros and cons of independence” panel at the 2016 Hotel Data Conference debated the advantages and disadvantages of independents, brands and soft brands. Some hoteliers prefer absolute creative freedom, others want some wiggle room in terms of creativity … [Read more...] about The pros, cons of independents, brands and soft brands
The factors that could affect the development landscape
From left to right: Phil Hugh of Red Roof Inn; Eric Jacobs of Marriott International; and David Pepper of Choice Hotels International; on the “A view from the top (let’s talk development)” panel at The Lodging Conference. (Photo: Bryan Wroten) There might be a few bumps … [Read more...] about The factors that could affect the development landscape
Lending landscape
Hotel News Now hosted a roundtable discussion with lenders to the hotel industry, sponsored by Best Western Hotels & Resorts, to measure the current hotel lending environment. Here's a roundup of HNN's coverage. There’s a shift happening in the financing world, according … [Read more...] about Lending landscape
Red Lion to Buy Vantage Hospitality for $27 Million
Spokane, Wash.-based Red Lion Hotels Corporation (RLHC) is buying Vantage Hospitality Group, a Coral Springs, Fla.-based franchisor of upscale, midscale, and economy hotels, in a deal valued at a total of $27.8 million, with $23 million in cash, and approximately $4.8 … [Read more...] about Red Lion to Buy Vantage Hospitality for $27 Million
STR and Tourism Economics Project Slower Growth for U.S. Hotel Industry
For total-year 2016, the U.S. hotel industry is predicted to report flat occupancy at 65.5%, a 3.2% rise in average daily rate to US$124.12 and a 3.2% increase in revenue per available room to US$81.26. The U.S. hotel industry is projected to experience continued … [Read more...] about STR and Tourism Economics Project Slower Growth for U.S. Hotel Industry
Interest Rate Bump Won’t Stop Industry Growth
The first interest rate bump in almost a decade shouldn’t have much of a negative impact on the hotel industry, sources report. The U.S viagra paris. Federal Reserve’s interest rate increase—its first in seven years—is not setting off any alarms in the hotel … [Read more...] about Interest Rate Bump Won’t Stop Industry Growth
