Industry Insights

ALIS 2024 HVS Takeaways: Upbeat, Optimistic, and an Eye on Innovation

HVS was a proud sponsor of this year’s ALIS conference, where the sentiment was upbeat and optimistic for the year ahead. This article provides our key takeaways from the conference.

Hotel Industry Outlook 2024: Moving Steadily Forward

With inflation decelerating, fears of a recession receding, and supply growth muted, the overall outlook for U.S. hotel metrics in 2024 is one of modest, steady growth. The investment market is also showing increased signs of life, as inflationary concerns are diminishing and interest rates are improving modestly.

Current Market Outlook Reviews

Boston Hotel Market Update: Ten Things to Know

Boston is back. The three key demand channels have returned to an approximation of their pre-pandemic levels (conventions and business travel up, leisure down), and the city’s RevPAR has improved to third in the nation, supplanting Miami and various West Coast rivals. Here are ten things to know about the city.

Resilience Renewed: The Transformation of Portland’s Hotel Market

In 2023, Portland's hotel demand faced setbacks from public safety concerns and absorption of new hotel supply. However, initiatives like the Hotel Security District and a government task force addressing homelessness signaled change. The opening of the Ritz-Carlton Hotel & Residences and several upcoming events contribute to a cautiously optimistic 2024 outlook.

Little Rock, Arkansas: New Developments and Opportunities for Hotels

The Little Rock hotel market has rebounded and is expected to remain strong given the current and future developments and opportunities in the area.

Brooklyn Continues to Blossom in the Post-Pandemic Period

All five New York City boroughs were heavily affected by the COVID-19 pandemic. The strength of Brooklyn as a commercial center is partly attributed to the downtown core, distinct neighborhoods, public green spaces, and ease of access to/from Manhattan. These factors, combined with the availability of developable land, have continued to boost the Brooklyn market, especially in the post-pandemic period.

Downtown Baltimore Is Poised for Comeback

Baltimore has struggled to recover from the impact of the COVID-19 pandemic and the negative perception of the downtown neighborhoods. However, ongoing or planned development and revitalization efforts bode well for the future of the city.

MexHIC: Registration is Open. Unlock Exclusive Savings!

The Mexico Hotel and Tourism Investment Conference (MexHIC) is powered by HVS, the world’s leading hotel and hospitality consultancy. MexHIC 2023 gives stakeholders a chance to hear from industry leaders and representatives of major hotel brands; network with developers, investors, lenders, and government officials; and engage the many challenges and opportunities of the Mexican and Central American lodging landscape.

The 2024 event will take place February 8 at the Camino Real Polanco in Mexico City. Please direct sponsorship and all other inquiries to Liliana Aguilar.

* Early Bird registration ends December 31, 2023 *

Press Releases

• HVS Brokerage & Advisory Closes Sale of Kemah Edgewater Hotel
• HVS Brokerage & Advisory Closes Sale of Hotel Artesia
• HVS Announces Expanded Role for Kasia Russell, MAI, as Executive Vice President Development, Hotel Management
• HVS Executive Search Appoints Blake Reiter as Vice President in North America

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

Copyrights © 2023 All Rights Reserved by HVS

Privacy Policy

Sent By: HVS Americas

If you would like to change your preferred email format, change your subscribed email address, or have any comments or suggestions, please contact us at: hvs@hvs.com.