Hospitality / Page 3

Fort Lauderdale Hospitality Market Report Market Overview Fort Lauderdale, situated on the southeastern coast of Florida, is known for its stunning beaches, boating canals, and a thriving tourism industry. Often referred to as the “Venice of America” due to its extensive network of canals, Fort Lauderdale boasts a unique blend of urban sophistication and tropical […]

Super Bowl Economic Impact on Las Vegas The Super Bowl, one of the year’s most popular U.S. sporting events creates a surge in tourism for the host city. This year, Las Vegas, NV will host the “biggest event in American sports,” marking the city’s first time hosting the game and one of the largest events […]

2023 End of Year Hospitality Market Report Hospitality Market Overview After effectively recovering from the disruptions triggered by the COVID-19 pandemic, such as travel suspensions and hotel reservation halts, the U.S. commercial real estate hospitality market has experienced a strong revival in its fundamentals. Despite facing challenges like workforce shortages, rising wage rates, interest rate […]

Hospitality Market Update The U.S. commercial real estate hospitality market, having successfully rebounded from the disruptions caused by the COVID-19 pandemic, including the suspension of travel and hotel reservations, has seen a robust recovery in its fundamentals. Although the industry was not without its challenges in 2023, including workforce shortages, increased wage rates, interest rate […]

Southern California Hospitality Market Report Inland Empire Market Overview Inland Empire boasts a relatively large hospitality industry, encompassing approximately 54,000 rooms distributed among 732 properties. What sets this market apart is its prevalence of smaller hotels, a departure from the norm for markets this size. On average, each property offers around 73 rooms, less than […]

New Mexico Hospitality Market Report Market Overview New Mexico offers a unique blend of cultural diversity, natural beauty, and economic opportunities. The state offers a thriving economy that hinges on several key sectors, with tourism being one of its brightest stars. Visitors are drawn to New Mexico from near and far, eager to explore its […]

Hospitality | Why Now is the Best Time to Consider a Change Market Overview California’s hospitality sector has remained afloat despite economic volatility. However, there has been a slowdown in hotel travel due to diminished pent-up demand from the pandemic, and much of the savings accumulated during COVID-19 have been spent. This, as well as […]

Colorado Hospitality Market Report Market Overview The Colorado hospitality market is thriving, with aerospace and tourism playing pivotal roles. With the nation’s second-largest aerospace economy, boasting over 400 prominent companies, Colorado demonstrates its economic prowess. The market’s appeal is further fortified by ongoing investments in infrastructure. These investments not only bolster economic expansion but also […]

Arizona Hospitality Market Report Phoenix By the Numbers Last 12 Months Occupancy: 69.2% ADR: $173.16 RevPAR: $119.83 Average Cap Rate: 7.6%   Market Overview The Phoenix hospitality market is thriving, bolstered by robust employment growth, with over 42,700 jobs added between July 2022 to July 2023. This success is driven by Phoenix’s appeal as an […]