Message from Rod Clough, President - HVS Americas

The HUNTER Conference offered the industry’s latest perspectives on where we find ourselves today and predictions about how the rest of 2022 may play out.

While there are still some challenges in sight, the outlook looks much brighter now than it did a year ago. HVS is pleased to present our updated industry forecast as of March 2022 in the 2022 Hunter Conference Takeaways article.

Thank you again for your ongoing confidence in us. We are looking forward to a brighter year ahead for the hospitality industry.

In Partnership,

Rod Clough

President, HVS Americas

New Industry Insights

2022 Hunter Conference Takeaways

As we get ready to close out the first quarter, the Hunter Conference offered the industry’s latest perspectives on where we find ourselves today and predictions about how the rest of 2022 may play out. Highlights of what we heard at the event are captured here. Buyers face challenges with high pricing, elevated operating costs, and labor issues, but the industry remains optimistic.

Current Market Outlook Reviews

HVS Las Vegas Casino and Hotel Market Outlook 2022

The number of visitors to Las Vegas exceeded 32.2 million in 2021, which was 10.7 million below the peak number of visitors in 2016. However, gaming revenue in Clark County in 2021 was $11.5 billion, which was approximately $600 million above the prior peak achieved in 2007. Occupied rooms in Las Vegas grew 70.7% in 2021, compared to 2020, from 21.2 million to 36.2 million; total occupancy for the year was 66.8%.

HVS Press Releases

HVS Names Eric Guerrero as New Partner

HVS, a globally recognized hospitality consulting firm, is pleased to announce the promotion of Eric Guerrero to the position of Partner within the Americas region. HVS is the largest consulting firm dedicated exclusively to the hospitality industry, with over 35 offices in the United States.

HVS Brokerage & Advisory Retained to Exclusively Execute the Sale of the Hotel Lumberjack and the Historic Sonora Inn in Sonora, CA

Brokerage & Advisory is pleased to announce that it has been exclusively retained to sell the fee-simple interest in the 34-key Hotel Lumberjack and 30-key Sonora Inn, located in Sonora, California. The limited-service hotels benefit from excellent locations, situated near one another along South Green Street and South Washington Street, respectively, in the heart of Downtown Sonora.

Definirán elementos críticos para un sólido desarrollo turístico en 2022

HVS  MexHIC 2022 se llevará a cabo el 5 de abril en Camino Real Polanco México, permitiendo a los asistentes reconectar y cultivar estrategias para su programa hotelero. En este contexto, HVS MexHIC mantiene su compromiso de ser el foro más importante para la consideración, discusión y debate de los elementos que puedan llevar a una recuperación y que permitan a los profesionales de la industria analizar los cambios estructurales que se habrán de tomar en cuenta.

HVS Brokerage & Advisory Closes Sale of SpringHill Suites by Marriott Houston-Katy Mills

HVS Brokerage & Advisory announces the sale of the 69-key SpringHill Suites by Marriott Houston-Katy Mills, located at 2501 Texmati Drive, Katy, Texas 77494. The select-service hotel, built in 2005, was purchased by Vital Hospitality Group LLC, based in Houston, Texas, from Nayosha, Ltd., also based in Houston, Texas.

HVS Information Alert!

Speakers

• Rod Clough at the Boulder Hotel Motel Association.
• Stephen Rushmore, Jr. at the 44th Annual NYU International Hospitality Industry Investment Conference.
• Rod Clough at the 44th Annual NYU International Hospitality Industry Investment Conference.
• Chelsey Leffet at the 44th Annual NYU International Hospitality Industry Investment Conference.
• Rod Clough at the Boutique Hotel Investment Conference.
• John Lancet at NABHOOD.

In The News

• Delaware hotel industry sees boom at beach while awaiting return of business travel

Events

• Mexico Hotel and Tourism Investment Conference 2022 on April 5, 2022, in Mexico City.

Did You Know?

HVS is the only global consulting firm focused exclusively on the hospitality industry. We provide comprehensive expertise through every phase of ownership across a wide range of hospitality assets.

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

HVS.com

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