JLLs latest Global Market Perspective shows that investment and occupier markets are moving at different speeds
With the Coronavirus scare gaining momentum, this article revisits the 2003 SARS pandemic, seeking insight into the potential impact on individual markets and travel as a whole.
In 2007, CBRE introduced Trends® in the Hotel Spa Industry in response to the spa industrys rapid expansion within hotels and resorts and its relevance to hotels bottom lines. For the second time in the history of the publication, spa revenue increased at a higher rate than rooms revenue and total operating revenue.
During the nights of Friday, 31 January, through Sunday, 2 February, the Miami/Hialeah market posted an absolute ADR level of US$616.91 (+148.5% year over year), which drove a RevPAR value of US$572.30 (+175.2%) - the highest levels in the metrics among any Super Bowl weekend. Occupancy in the market rose 11.3% to 92.8%.