Obviously Warren Buffet’s Blackstone Group and others think now is the time to buy a hotel in the USA. Although there is still a lot of distress talk amongst hotel owners and operators alike, there are also various signs pointing at the recovery, albeit a slow one, is starting to muster some momentum. Here are…
Several articles appeared recently in STR (Smith Travel Research) publications that we follow as part of our hospitality consulting services advising clients that suggest the hotel industry is showing more signs of improvement this fall and in the coming year. Some of the noteworthy commentary includes: Earnings Reports- In year-over-year measurements, the USA hotel industry’s…
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 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:…
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…
There are several “mixed” signs in publications that we follow as part of our hospitality consulting services advising clients that suggests the hotel industry is no longer in a recession and financing is beginning to thaw. However, there is also news that contradicts parts of this as well. Here are some of the highlights:Hotel Building…
Several articles appeared recently in publications that we follow as part of our hospitality consulting services advising clients that suggest now is the time to raise hotel room rates incrementally to recoup what was lost by many hotels since 2007. Of interest were several panelist comments interviewed by Hotel Interactive saying that adding a few…