Michael Lambdin
Iconic Resort Destination Ocean City, MD Is Poised for Success
Michael Lambdin | May 8, 2024
By Michael Lambdin, Scott Killheffer Ocean City, Maryland, a perennial draw for travelers along the Eastern Seaboard, continues to solidify its reputation as a leading resort destination. Ocean City is known for its expansive beaches and its boardwalk and welcomes millions of visitors annually. This robust tourism industry fuels a thriving hospitality market, and recent strategic investments underscore Ocean City's focus on providing exceptional experiences for a range of visitors. The market’s hospitality sector is experiencing a dynamic transformation. Two beachfront resorts have recently undergone complete makeovers. First, the for...
Philadelphia’s Hotel Market: Poised for Success
Michael Lambdin | July 20, 2023
By Michael Lambdin, Scott Killheffer The lodging market in Philadelphia is vibrant and diverse, catering to the needs of both tourists and business travelers. The city’s rich history and wide range of attractions draw visitors throughout the year. Philadelphia offers a variety of lodging options, from luxurious hotels in the bustling city center to charming bed-and-breakfasts in historic neighborhoods. Recent Hotel Trends & Data The following table details Philadelphia’s historical and year-to-date occupancy, average rate, and RevPAR. This set of data includes both independent and branded properties across all chain scales. Ph...
