Hospitality / Page 2

Dallas-Fort Worth Hospitality Market Report Market Overview Dallas’ business hub and tourist popularity have resulted in solid hospitality performance, including ADR and RevPAR. Dallas attracts a diverse range of travelers, including business and leisure. Historically, hotel supply has been limited in Dallas, providing opportunities for hotel investments. In the meantime, strong group promotion and recovering […]

Sarasota, Fort Myers, and Naples Hospitality Market Report Sarasota Market Overview Sarasota is notable for being home to a smaller number of hotels. It has 193 properties that total up to 13,000 rooms. The majority of hotels here are categorized as Luxury or Upper Upscale, which is above typical hotel markets in the U.S.   […]

Midwest Hospitality Market Report Chicago Market Overview The return to corporate travel has greatly aided Midwest hospitality market Chicago as hotel performance levels have been boosted by business and group travel. Many large events are also scheduled for the rest of the year, which has led to a forecast of RevPAR increasing by 4%. The […]

Summer California Hospitality Market Report Hospitality Market: 3 Updates 1. CPI, Interest Rates, and Cap Rates March 2024 reported a rise in the Consumer Price Index (CPI), indicating persistent inflation, making a June Federal Reserve rate cut unlikely. This development impacts the hotel market directly, potentially extending the decline in hotel values beyond earlier predictions. […]

Nashville Hospitality Market Report Market Overview Nashville is a favored spot for leisure travelers, boasting live music venues, a rich musical heritage, and a variety of festivals, conventions, and sporting events. In the past decade, its culinary scene has gained prominence, particularly for Southern cuisine, barbecue, and Nashville Hot Chicken.   A major highlight in […]

North & South Carolina Hotel Market Report Charlotte, NC Market Overview Charlotte, the second-largest financial hub in the U.S., hosts the most employment centers for three of the nation’s six biggest banks: Bank of America, Wells Fargo, and Truist Financial. In 2019, following the merger of BB&T and SunTrust Banks to form Truist, the newly […]

How New Zoning Helps Santa Monica Businesses Open and Expand Santa Monica historically hasn’t been the top choice for many businesses looking to expand operations. Several socioeconomic forces in the last few years—such as the pandemic and subsequent rises in homelessness, crime, vandalization, and vacancies—rendered the Southern California city an operational liability, forcing many core […]

Navigating Hotel PIPs For hotel owners, embracing a property improvement plan (PIP) may initially seem financially challenging, especially given today’s market uncertainties, high construction costs, increased interest rates, and labor shortage. However, PIPs serve as a valuable opportunity to reassess the hotel’s overall strategy and help chart a course of action toward enhanced profitability – […]

Navigating New Legislation and Labor Shortages How is the Industry Performing? California’s hospitality industry is one of the largest in the country, boasting a market-combined* inventory of 573,578 rooms, 13% higher than the state of Florida. The state’s warm climate, tourist attractions, and beaches draw many visitors and investors whose interest prompts continued development to […]