us hotel sales survey
How Hotel Sales Performed in Q3
Daniel H. Lesser | October 29, 2020
Long term opportunistic investors that bet big, at the right basis, and early in the cycle will likely reap tremendous financial rewards. By Daniel H. Lesser Today’s global travel sector, which many characterize as being “on the brink of collapse,” is simply unprecedented. Seven months into a 100-year worldwide pandemic which caused a swift, wide, and deep economic recession has decimated key travel and leisure related industries including airlines, car rentals, cruise lines, ridesharing, and tour operators. While stock markets have rebounded to near record levels, the US lodging industry continues to experience crippling stress...
Q2 2020 Major US Hotel Sales Survey
Daniel Lesser | August 3, 2020
It appears that this downturn may very well produce a period that rivals the very best in both returns and depth of opportunity. By Daniel H. Lesser The year 2020 will not be soon forgotten as the spread of COVID-19 and society’s reaction to the virus have combined to devastate the global economy. U.S. GDP in the second quarter declined by 32.9 percent on an annualized basis, the most significant quarterly decline observed since the 1940’s. While the stock market has rebounded considerably from its lows and seems to be reflecting an optimistic view regarding an economic recovery, base case will be a slow and very bumpy re-opening o...
Q2 U.S. Lodging Market Update
Daniel H. Lesser | August 8, 2018
By Daniel Lesser Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels. The second-longest recovery period in history endures, with a national unemployment rate at an 18-year low and robust consumer confidence across most sectors. As a result, the U.S. economy continues to exhibit very strong growth. Gross domestic product (GDP) is forecast to rise as much as 3% this year with relatively mild inflation. Thus far, interest rate increases by the Fed...
LW Hospitality Advisors Q3 2015 Select Major U.S. Hotel Sales Survey
LW Hospitality Advisors | December 9, 2015
December 9, 2015 - As the U.S. economy enters its sixth year of expansion, and volatility heightens in the public equity markets, the chase for yield is intensifying and expanding the supply of U.S. focused capital. Despite increased caution and continued institutional market discipline, lodging fundamentals remain strong with few markets facing development driven supply issues and room rates well positioned for continued growth through at least 2016. With strong income appreciation and many investors pricing rising interest rate risk into underwriting, the U.S. lodging investment market remains well positioned to absorb controlled mode...
