With the rebound in ADR and occupancy underway in many USA lodging markets, a hotel asset manager is quickly turning their eyes to renovations that have been put on hold. Two new innovations on in-room design and equipment caught our attention in these articles at Hospitality World Network and Hotel Interactive. Here are excerpts and…
There is a lot of talk among investors and their hotel asset manager that acquisitions in distressed real estate of the U.S. hotel sector will rise this year. Still, the focus continues to be on the luxury, trophy class of hotels in primary markets when and where these become available. Hotel High Net Worth InvestorAccording…
Hotel asset management forecasts are getting surveys support for their increased projections that suggest both the national holiday season this year and next year travel expenditures internationally should rise again over the current year. In the USA, surveys by both AAA and Pegasus Solutions predict increases in Americans holiday travel during December. Internationally, markets in…
Hotel consulting services group expects budgets in 2012 to exceed those same projections and performance in 2010 and 2011. Both higher revenues and profits will contribute to the resulting increased hotel operating incomes going forward. According to Colliers PKF Hospitality Research in these article excerpts: – “While the 2010 budgets for U.S. hotels did project…
Several hotel investment advisors and hotel investor groups are predicting that real estate transaction volume in the hospitality sector will rise although slowly. Many believe that the combination of improving industry fundamentals and the lack of new development can only add to the motivation to sell. As to lenders holding distressed hotel assets and wanting…
If you are a hotel real estate investor or hotel asset manager, there is more positive news on the horizon for hotels both in room rate growth and higher investment activity going into 2011 and beyond. It appears with the increases in revenues and transactions that investors and lenders are now becoming more optimistic. $…
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…