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Message from Rod Clough, President - HVS Americas


As we gear up for budgeting season, HVS continues to innovate with the launch of TrendTrack CompSet, a tool designed to empower hospitality clients with better decision-making capabilities. This tool combines the precision of predictive modeling with the invaluable insights of human intelligence, offering an exceptional level of accuracy and foresight in investment and operational decisions.


What sets TrendTrack CompSet apart is its unique combination of advanced econometric modeling with local expert insights, ensuring our forecasts account for specific temporary market changes, such as major weather events or supply/demand variations, which purely data-driven models might miss.


The importance of local expertise cannot be overstated. With over 40 years of industry experience, HVS understands that relying solely on econometric models can overlook critical market nuances. Our seasoned professionals review each forecast to ensure it reflects real-world conditions, providing a more accurate and actionable assessment. This comprehensive approach ensures that our clients receive a holistic assessment that goes beyond the numbers.


Experience the future of hospitality decision-making with HVS and TrendTrack CompSet, where data meets expertise for unmatched forecasting accuracy.


In Partnership,

Rod Clough, MAI

President, HVS Americas

HVS innovation

HVS Launches TrendTrack CompSet, a Hospitality Econometric Tool to Help Clients Make Better Informed Decisions

As budgeting season approaches, operators face the important task of projecting revenue and expenses for the hotels they manage. TrendTrack CompSet is HVS’s newest forecasting tool, designed to help your team develop realistic occupancy and ADR forecasts for a specific competitive set of hotels. Our tool leverages historical data and market trends and uses predictive modeling to develop an 18-month occupancy and ADR forecast. Our in-house team of local experts then analyzes those results, providing qualitative insight into our projections. TrendTrack CompSet embraces the power of data analytics while leveraging human insights, which are crucial to the complex process of hotel budgeting.

Learn More about HVS's New Forecasting Tool

Industry Insights

HVS U.S. Development Cost Survey 2024

HVS has tracked hotel development costs for over three decades, collecting data from actual hotel cost budgets during our assignments. This 2024 survey reports per-room hotel development costs based on data compiled by HVS from hotel projects proposed or under construction during the 2023 calendar year. The data reflect eight product categories: limited-service, midscale extended-stay, upscale extended-stay, dual-branded, select-service, full-service, and luxury hotels, as well as redevelopment projects. Given that this survey provides a retrospective view, inflationary factors that continued through 2023 and the year-to-date 2024 period may not be fully reflected in the data.

Uncover Key Trends to Inform Your Investments

Canadian Lodging Outlook Quarterly 2024-Q2

Canadian hotel demand continues to outperform 2019 levels in terms of overall occupancy and is even neck and neck with 2018 which was Canada’s occupancy peak. ADR’s robust growth above inflationary rates at 4.3% YTD leads healthy RevPAR growth of 4.0% YTD June. In spite of inflation, deflated RevPARs are higher than pre-COVID levels. We have faced many headwinds with consumer disposable income constraints and geopolitical uncertainty; however, hotel performance continues to roar forward!

Learn More About Canada's Hotel Performance

Texas Hotel Investment Hotspots: Top Markets to Watch in 2024

In this article, we explore the top hotel investment locations within Texas submarkets for 2024. We provide insights into key cities and emerging submarkets, highlighting factors such as demand, developments, and recent trends to guide investment decisions.

Discover Hot Markets in Texas

Federal Per Diem Set for 2024/25: A Win for the Lodging Industry

The per-diem lodging rates, which set the maximum amount a federal traveler can reimburse, are based on the average rates for mid-priced hotels. The recently published per-diem rates for the 2025 fiscal year show increases for the overall continental United States.

Gain Insights on the Latest Federal Per-Diem Rates

Current Market Outlook Reviews

The Continued Evolution of Newark, New Jersey

Newark, New Jersey, has been undergoing gradual revitalization efforts during the last roughly 15 years. The city has been gaining recognition given the ease of access to Manhattan and within New Jersey, the newly renovated Newark Liberty International Airport, and waterfront areas along the Passaic River and Newark Bay.

Explore Newark's Latest Developments

Another Successful Hotel Real Estate Society Event in Washington, D.C.–August 2024

The Hotel Real Estate Society (HRES) in Washington, D.C., met this week to network and tour a local luxury hotel. This article provides a quick overview of the organization, which was co-founded by Chelsey Leffet, and some information on this latest event.

More Details about the HRES

Hotel Investment Opportunities: Brokerage Listings

Brokerage & Advisory Hotel Listings

Are you looking to acquire or sell hotels? We can help with an array of asset opportunities and financial solutions tailored to meet your specific needs. Despite a slower transaction market, our team continues to create a competitive marketplace for our listings from a nationwide buyer pool. Twenty transactions closed last year, with buyers from across the country. We have several more hotels under contract and over twenty active listing engagements. 

Explore Available Hotel Investment Opportunities

CHICOS 2024: Register Now!

November 13–15 in Barbados

This year's conference will take place in beautiful Barbados at the brand-new Wyndham Grand Barbados Sam Lord's Castle All Inclusive Resort over November 1315. As the premier event in the region, CHICOS promises to deliver opportunities for networking and knowledge sharing. In partnership with Barbados Tourism Marketing Inc., we look forward to welcoming our attendees for an unforgettable experience in Barbados. Don't miss this opportunity to save on registration and reserve your ticket before prices increase on October 1st

Book CHICOS Now

MexHIC 2025 Will Be Held February 6 – Save the Date!

HVS Information Alert!

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