Two news stories that we followed as part of our hospitality asset manager practice suggest hotel room rates will continue to rise even though gas and fuel prices are climbing as well. Here are a few excerpts on that commentary and our take on it: – The GBTA index says that business travel hit its…
More reports by hotel consultants, management executives and real estate brokers suggest that the lodging and hospitality industry is continuing to improve and more rapidly in some U.S. cities. For example, San Francisco is at the top of the list in rebounding since the recession began in 2007 according to one news story. In a…
Hotel search engines seem to be on the minds of hospitality management services as new entrants to the field are getting a lot of press. In particular, are the issues that independent and non-branded hotels will face in trying to gain exposure equal to the chains and major franchises. Here are some excerpts on two,…
With the US and world economic systems still recovering from crisis, there is a need for hotel economist recommendations on whether to buy or sell hotel properties. Deciding whether to increase or decrease investment in the hotel and hospitality market will require more than just a general economic forecast. It is important to acquire as…
Our hotel expert recap of lodging and travel industry news this week suggests that consumers want more in terms of hotel amenities. They also expect to travel more in 2012 and this bodes well for those hotels to attract them with more value. At the top of their wish list are “Free Wi-Fi and Breakfast!”…
When preparing a business plan for hotel investing or investors, it is important to consult industry sources that are both reliable and provide a broad variety of statistics, resources and related commentary. We here frequently read these publications, which will help if preparing strategic management objectives, investor ROI forecasts and other projections and forecasts. Here…
Stories last week that we follow as part of our hospitality consulting practice covered a variety of topics including new hotel ramp-up timelines, using Facebook to increase hotel revenues, and the downturn in the timeshare resort industry. Here is some of that commentary and our take on it: I. STR did an analysis from their…
Stories that we follow as part of our hospitality consulting practice discussed increased renovations coming and current low hotel cap rates. It was bound to end sooner than later with franchisors becoming less forgiving on upgrades and brand standards now that the economy is recovering. On a positive note, if an owner is forced to…
This past week there were stories that we follow as part of our hospitality consulting practice discussing room rates, ADA reservations compliance and higher airfares. The prices rises are not a surprise as much as the lack of industry awareness on these ADA issues. Here is some of that commentary and our take on it:…
Recent stories we follow as part of our hospitality consulting focused on pricing and RevPar. This is a subject on the mind of most who expect rate to be the eventual solution to a return in economic growth. Still, the overall sentiment is that room rates will not rise that quickly yet demand will. Interim…