Hospitality / Page 5

Tampa Capital Markets Report How is Tampa Performing? Tampa’s commercial real estate market is thriving. The market has experienced steady growth in recent years, with increasing demand for office, industrial, and retail spaces. The city’s diverse economy, favorable business environment, and growing population were seen as key factors driving the market’s strength. Investors are attracted […]

The Hospitality Sector Last year documented the bounce back of the decade for the hospitality sector. According to CoStar Group, 2022 ranks as the second-highest annual sales total in U.S. history, reaching $48.6 billion. The industry saw an increase in buyers, and experts predict continued demand in 2023, specifically for high-end properties that are seen […]

Extended Hotel Stays and Increased Demand Hospitality Demand The average length of stay in hotels has undergone a notable shift since the onset of the COVID-19 pandemic. With travel restrictions and lockdowns disrupting travel plans, many travelers have opted to extend their hotel stays for longer durations. According to industry reports, the average length of […]

Florida Hospitality Market Report Market Overview– Jacksonville, FLL, Orlando Florida has made monumental waves in the hospitality market in the past decade. Orlando being home to some of the most famous theme parks in the world is one of the biggest contributing factors to the state’s overall economic well-being. The continuous investment from theme park […]