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…
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…
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…
Stories this past week that we follow as part of our hospitality consulting had a theme of money, money, money. Or, better said as the economy heats up so is the possibility of hotel lending, franchisor pips and now is the time to buy beginning to mount. This was largely the talk recently at the…
Three key stories reported in HotelNewsNow.com that we follow as part of our hospitality consulting focused on China’s economy, independent hotels in the Internet age and Google’s new distribution strategy that may affect how hotel rooms are booked online. Here are the full article links followed by our take on the impact: China Overtakes Japan…
More signs in publications we follow as hospitality consulting advisors point to growth in the lodging sector continues. This is marked by increased bedding purchases, rising valuations and a growing leisure travel market: – Hotel BeddingFor example and as reported in Hospitality News Network, “Owners are finally feeling more secure about the financial future and…
Upcoming signs for the 2011 lodging real estate sector in several publications we follow as hospitality consulting advisers suggest a turnaround, albeit slow one, appears in order. Here’s a recap of the key articles about what lies ahead: – Investments 2011As reported in Arizona Business & Money on January 24th”A new survey from the National…
Several articles appeared recently in publications that we follow as part of our hospitality consulting services advising clients continue to suggest 2011 is shaping up to be a much better year for the hotel industry in terms of investor interest, rising asset values, increased ADR and room demand. Important highlights from the commentary include: –…