HVS Report - Key Takeaways - Hunter Conference 2017 - By McKenna Luke , Heidi S. Nielsen
Investors, buyers, bankers, appraisers, and owners gathered at the Hunter Hotel Conference in Atlanta, Georgia, March 2224, 2017.
2016 was a year of political surprises and uncertainty! Some cities performed well and others less so, resulting in almost no change in the European average. Read the article in full for an in-depth look at average hotel values across Europe.
AlixPartners, AM:PM and HVS have published the Q4 2016 Hotel Bulletin. The Hotel Bulletin analyses demand, supply pipeline and transactions in the hotel market in 12 cities across the UK. This edition includes a focus on trends in UK hotel supply.
Durban, South Africa will host the Commonwealth Games in 2022. Due to the 2010 World Cup, hotels were oversupplied and many suffered low occupancies due to the financial crisis of 2008/09. What has the Durban hotel industry learnt from this?
Hotel assets continued to appreciate in 2016, but at a more modest pace due to slowing RevPAR growth and a rise in cap rates. The stock market rally following the election has led to cautious optimism about what 2017 will bring.
Hotel markets across Somerset, Morris, and Middlesex Counties in northern New Jersey have realized a rise in commercial lodging demand, the result of corporate relocations from New York City and local company expansions.
There is no doubt that New York City is down, but it is important to understand the market fundamentals behind the current trends; specifically, what is going wrong, what is going right, and when the trends will be reversed.