market pulse
HVS Market Pulse – Recent Lodging Trends and Outlook for Atlanta, Georgia
Brett Testa | January 3, 2023
By Brett Testa Pre-Pandemic Atlanta’s rise in reputation as the event and convention hub of the southeast, a vision first ignited by the hosting of the 1996 Olympics, reached a zenith in 2019 with the hosting of Super Bowl LIII, marking Atlanta’s second time hosting the Super Bowl in the last 20 years. The data below, provided by the Atlanta Convention & Visitors Bureau, illustrate the steady growth in visitors to the city and their spending in the years preceding the COVID-19 pandemic. The August 2017 opening of the Mercedes-Benz Stadium, which hosts games for both the Atlanta Falcons football team and the Atlanta Unite...
Lisbon Hotels See Strong Performance Post-Pandemic as City’s Popularity Grows
HVS | October 5, 2022
5 October 2022, London: With nearly 2,500 new hotel rooms due to open over the next 18 months the Portuguese capital of Lisbon will continue to attract keen interest from investors as the popularity of the city grows, according to a new report from HVS. The Market Pulse report, Lisbon Hotel Market Returns to Grace, shows that the city has experienced strong post-pandemic recovery during the second half of 2021 and to date this year, largely due to its appeal to both leisure and increasingly business travellers. As one of Europe’s most ancient cities Lisbon offers a variety of cultural, architectural and business-related attractions tog...
HVS Market Pulse: Phuket, Thailand
Apichaya Wongsuwan | March 19, 2020
The following article gives a brief overview of Phuket, its tourism industry, and the recent dynamics of the local lodging market. By Apichaya Wongsuwan, Ruj Masan, Pawinee Chaisiriroj Following the market’s prosperity in the past few years, hotels across all segment have started to witness hindering economic growth, resulting in a softer performance in 2019. The unexpected outbreak of COVIC-19 has swept away the majority of the demand in the market. As the number of travel advisory continues to heighten, concerns over air traffic and tourism spending are increasing among the public as people are reluctant to travel. The following ar...
HVS Market Pulse: Cape Cod
Roth Johnson | February 27, 2020
By Roth Johnson Seasonality and Market Performance As with most leisure markets, particularly those driven by weather, the Cape Cod market has a high degree of seasonality. In the last three years, peak-season August occupancy levels have averaged in the mid-80s, while low-season January occupancy levels have averaged in the low 20s. Both local hoteliers and the Cape Cod Chamber of Commerce have been mildly successful in expanding shoulder seasons in April, May, September, and October. Occupancy at upscale, upper-upscale, and luxury hotels on the Cape increased 5% from May 2017 to May 2019, and 6% from September 2017 to September 2018. I...
HVS Central Florida 2020 State of the Hotel Market
Donald C. Stephens Jr. | February 24, 2020
By Donald C. Stephens Jr. Orlando has long been distinguished as an iconic vacation destination by continuing its ranking as the No. 1 destination in the United States, according to Visit Florida. Since 2013, Orlando has reigned as the nation’s “Most Visited Tourist Destination.” With multiple factors driving Orlando’s appeal, hotel investors and developers are curious as to what is on the horizon for the hospitality market in Central Florida. With a variety of hotels and attractions in the Metro Orlando pipeline, and major international brands continuing investment in the market, the metrics point toward continued success in 2020 ...
HVS Market Pulse: Kalispell and Whitefish, Montana
Desiree Flanary | January 31, 2020
By Desiree Flanary and Lauren Reynolds Kalispell Due to Kalispell’s proximity to Glacier National Park, the region’s local economy is largely tied to tourism and is highly seasonal. Kalispell is home to 22 open and operating hotels, encompassing 1,885 guestrooms. Of those 22 hotels, four of them (totaling 348 guestrooms) have opened in the last six years, accounting for an 18% increase in hotel rooms in less than a decade. These new properties include a SpringHill Suites by Marriott, Country Inn & Suites by Radisson, and MyPlace, which opened in 2016, 2018, and 2019, respectively. The property types in this market range from economy...
HVS Market Pulse: Boise, Idaho
Eileen Bosworth | December 26, 2019
By Eileen Bosworth Boise, the Gem State’s capital, awarded the title of Americas’ fastest-growing city by Forbes magazine in 2018,[1] has continued to show robust economic growth in 2019. Key developments include a major announcement in Nampa, expansions occurring at Boise Airport, and a steady events/convention calendar for the upcoming year at the Boise Centre. The greater Treasure Valley is poised for further growth, fueled by the development of the announced Amazon fulfillment center coming to Nampa, a Boise suburb. The facility’s 650,000-square-foot warehouse is slated for completion in the fall of 2020 and is expected to ...
HVS Market Pulse: Interstate 5 Corridor Tourism Destinations in Oregon
Breanna S. Smith | November 26, 2019
By Breanna S. Smith, Lauren Reynolds Salem Salem, the state capital of Oregon, has not historically been known as a tourism destination. However, in recent years, the city’s local economy has diversified to include manufacturing, distribution, and technology. Thus, with the expansion of economic drivers and the increased population, Salem has entered a period of revitalization in order to offer more retail, dining, and entertainment facilities. This has also increased Salem’s attractiveness as a tourism destination. Furthermore, a vision for the rejuvenation of one the premier attractions in the area, Riverfront Park, is fostering high ...
