HVS Asia Pacific
HVS Asia Pacific Hospitality Newsletter - Week Ending 23 February 2024
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Weekly Hotel Industry Asia Pacific News Roundup from HVS
As we unveil this special edition of 'hopeful' for the HVS ANAROCK HOPE 2024 conference, it's a time to reflect on the resilience and vibrant future of India’s hospitality sector. This edition is not just a collection of articles; it’s a beacon of optimism, mirroring the spirit of our magazine's name.
The property benefits from its proximity to the Port of Corpus Christi, a major crude-oil refinery hub that handles the top petroleum commodities, creating significant demand for hotels in the region.
In 2023, Seattle was a beacon of renewed strength in the Pacific Northwest given its vibrant concert and sports event calendar, record-breaking cruise season, and $1.9-billion expansion of the Seattle Convention Center. As a result of these factors, Seattle was one of the nation’s best-performing hotel markets during the summer.
The property benefits from its strategic location along Broadway Street in Pearland, within two miles of State Highway 288, which provides an attractive environment for visitors given its numerous retail and dining options, as well as sports and leisure-related facilities.
The Manhattan market was severely affected by the COVID-19 pandemic but has been experiencing a rebound, primarily driven by strong gains in average rate over the last three years. Legislative and supply changes are expected to positively affect hotel market trends going forward, and our demand forecast shows a rebound beyond 2019 levels by 2025.
HVS Brokerage & Advisory announces the sale of the 107-key Holiday Inn Express & Suites Lubbock Central - University Area, located at 2115 Marsha Sharp Freeway, Lubbock, Texas 79415.
Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.
This article examines Florence's tourism industry resilience amidst crises, including the COVID-19 pandemic, analyzing key performance indicators such as airport statistics, hotel supply, and operating performance. Despite setbacks, Florence witnessed a remarkable recovery, notably in 2023, with record-breaking Revenue Per Available Room (RevPAR). The analysis also highlights investment trends and future challenges, including concerns about over-tourism and evolving market dynamics.
Weekly Hotel Industry Asia Pacific News Roundup from HVS