CHICOS Claims Caribbean Still Great Market for Future Hotel Investment Opportunities
Capital is Available and South American Visitors Boosting Caribbean Tourism
HVS consultants in Florida advise new entrants to consider the timeshare arena, thanks to new capital light and fee-for-service structures which, eliminate barriers to entry.
The Upper Upscale segment accounted for the largest portion of rooms In Construction (37.4 percent) with 27,503 rooms, followed by the Luxury segment (21.7 percent with 15,952 rooms) and the Upscale segment (19.6 percent with 14,429 rooms).
Year-to-date 2014, 391 hotels with 61,961 rooms have opened in Europe. In the remainder of the year, 74 more hotels with 8,412 rooms are planned to open. The Upper Midscale segment (19 hotels with 1,973 rooms) and the Economy segment (14 hotels with 1,933 rooms) are expected to open the most rooms.
Four segments each accounted for more than 15.0 percent of rooms In Construction: the Upscale segment (27.4 percent with 7,225 rooms); the Upper Midscale segment (19.6 percent with 5,165 rooms); the Midscale segment (18.6 percent with 4,911 rooms); and the Upper Upscale segment (17.6 percent with 4,635 rooms).
As the Chinese economy continues to become more important globally, we are seeing a shift in Asian investment in the United States, particularly in California. Chinese investors will become even more active and influential over the next 10 years, and will continue adapting to Western business practices while retaining a critical sensitivity to their Chinese roots and the demographics of the Chinese population in the United States.
The sale of hotel properties through the third quarter of 2014 is estimated to have totaled $826 million with 91 transactions reported across the country. This quarter's report was contributed by Robert Sedore of PKF Consulting Canada titled 'How Far Have We Come? A look Into Post-Recession Bottom-Line Performance in the Canadian Hotel Industry'.