kirsten z. smiley
Destination Los Angeles: A Look at the Future of the Hotel Market
Kirsten Smiley | April 13, 2023
By Kirsten Z. Smiley, Aidan Martin In 2022, the Los Angeles market showed a significant rebound, as ADR well exceeded 2019 levels, although occupancy still trailed pre-pandemic levels. While concerns about COVID began to fade, business travel had yet to fully recover, and international travel was hit by flight shortages and a visa backlog. Regardless, ADR growth was fueled by inflation, the influx of high-quality new hotels that opened in the last few years, and Super Bowl LVI held in February 2022. Recent Los Angeles Hotel Metrics Source: STR Mega Events The 2022 Super Bowl was held at the new SoFi Stadium in February, dur...
The Magic Returns to the “Happiest Place on Earth”
Eileen Bosworth | January 30, 2023
By Eileen Bosworth, Kirsten Z. Smiley When Disneyland Resort, Anaheim’s crown jewel, was forced to close in 2020 at the onset of the COVID-19 pandemic, area hotels faced some of the greatest demand losses in the nation. The park system welcomed back its local fanbase in 2021 with the introduction of a new reservation system. Once Disney attendees were more familiar with the park’s new reservation system, which requires advance planning and makes it more difficult to book same-day tickets, leisure demand rebounded, spurring double-digit ADR growth in 2021 and 2022. However, the Anaheim-Santa Ana hotel market has not caught up to pre...
HVS Market Pulse: Bend, Oregon
Breanna Smith | January 23, 2019
By Breanna Smith and Kirsten Z. Smiley Bend is located approximately 100 miles southeast of Portland, Oregon, situated along the Deschutes River. The city is a top leisure destination, known for its scenic setting near the Cascade Mountain Range and its year-round recreational opportunities. At an elevation of 3,625 feet, Bend enjoys the predominately dry climate of the Great Basin, characterized by sunny days, cool nights, and low humidity. In 2017, the United States Census Bureau reported that the Bend-Redmond Metropolitan Statistical Area (MSA) was among the fifteen fastest-growing metro areas in the nation. In addition to tourism, t...
HVS Market Pulse: Seattle, Washington
Kirsten Z. Smiley | January 2, 2018
By Kirsten Z. Smiley My, oh, my! The famous catchphrase coined by Seattle Mariners' longtime sportscaster, Dave Niehaus, is ever so fitting as we look at how Seattle has changed over the last ten years. Seattle enjoys a diverse economy rooted in manufacturing, biotechnology, high technology, telecommunications, health care, and tourism. Metro Seattle, especially Downtown Seattle and Bellevue, is experiencing a period of exponential growth anchored by tech giants, such as Amazon, Microsoft, Google, and Expedia. The area is also home to several Fortune 500 companies, such as Boeing, Costco, PACCAR, Weyerhaeuser, Starbucks, and Nordstrom. ...
