hotel growth
Atlanta CBD Hotel Submarket Continuing to Push Forward
Anne Gompel, Adam Zarczynski | November 9, 2023
By Anne Gompel, MAI, CHIA and Adam Zarczynski, CHIA With the busiest airport in the world and a lower cost of doing business than peer regions, Metro Atlanta is the key inland distribution hub of the Southeast. Metro Atlanta is home to 17 Fortune 500 corporations like The Home Depot, Coca-Cola, Delta Air Lines, and UPS. It also sustains a diverse economy centered around technology, healthcare and health tech, logistics, advanced manufacturing, and now electric vehicles and clean tech. For the 10th consecutive year Area Development Magazine has ranked Georgia the number one state for business. Atlanta's strong economy has been spurred by...
Post-Covid Hotel Growth Sector – Odds Now on Independents and Non-Traditional Brands
Magnuson Hotels | September 23, 2022
In a presentation to the UK House of Lords last June, we raised the alarm that the UK independent hotelier share of market was declining rapidly, falling from 78% in 2010 to a projected 22% by 2026. Meanwhile in the USA, independent hotel market share has declined from 67% of the USA’s 55,000 hotels in 2003 to less than 40% of US hotels today. So how did we get here? Rapid supply growth via brands and Airbnb. From 2008-2010, the USA hotel supply grew by 17.5%, largely driven by IHG new builds. UK supply rise fuelled by Travelodge and Premier Inns, took on Starbucks approach of ‘a hotel on every corner’ to saturate markets. ...
Can Leisure and Work-From-Home Demand Stimulate Extended-Stay Hotel Growth Beyond Covid-19?
Linchi Kwok | November 4, 2020
By Linchi Kwok The lodging industry is struggling to fill the empty rooms in 2020. For months, U.S. hotels are running at an occupancy of 50% or lower. Not every segment suffers the same impact from the pandemic, however. Demand for home-sharing facilities had already bounced back over the summer. Airbnb reported a higher booking than last year. Marriott’s home-sharing arm is also doing well, seeing a sevenfold increase in booking over last summer. Similar to what a residential rental or home-sharing facility offers, guestrooms in extended-stay hotels also feature a full-size kitchen or a kitchenette. Extended-stay hotels are desi...
