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2021 HVS Lodging Tax Report - USA | By Thomas Hazinski & Joseph Hansel

While the impacts of the COVID-19 pandemic on the lodging industry are ongoing, this tenth annual HVS Lodging Tax Study quantifies the revenue impact of the pandemic over the past year. An analysis of 25 major US markets shows losses totaling approximately $1.3 billion in 2020 from historical levels in 2019. HVS forecasts a loss of $1.45 billion in rooms revenue in 2021 from a baseline scenario with no pandemic. HVS also provides historical data on tax rates and the collection and distrib...
Tags: Travel, Usa, US, States, HVS, Thomas Hazinski, Joseph Hansel


Canadian Lodging Outlook Quarterly 2021-Q2

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


Hunter Conference Marks A Return To In-Person Conferences | By Rodney Clough

As to be expected, the prevalent theme was that leisure demand continues to drive the initial recovery, with corporate transient and meeting/group demand lagging, but one must wonder if meeting/group demand will bounce back quicker than anticipated given the rather last-minute popularity of this event. Multiple panels reported that small and mid-sized corporate group bookings are picking up, which will be a critical piece of the recovery story in the second half of 2021. Also highlighted ...
Tags: Travel, HVS, Rodney Clough


Canadian Lodging Outlook Quarterly 2021-Q1

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


HVS Webinar Recap: Cross-Border Hotel Investment Between The UAE And Israel | By Russell Kett

The first-ever webinar on Cross-Border Hotel Investment between the UAE and Israel took place last week, jointly presented by HVS at the Israel Ministry of Tourism, the UAE-Israel Business Council and Copeland Hospitality.
Tags: Travel, Israel, Uae, HVS, Russell Kett


Canadian Lodging Outlook Quarterly 2020-Q4

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


HVS Operator Guide Middle East & Africa | By Maximilian Quack & Irmak Sen

This publication aims to guide owners in understanding the scale, presence and capabilities of operators in the region. Amidst the year of the COVID-19 pandemic, owners, more than ever, need foresight in selecting the right operator to run their hotel properties. While the hospitality industry is going through one of the roughest years of recent history, it is detrimental that strategic decisions that shape the future are done with all aspects of an owner - operator partnership considered...
Tags: Travel, Africa, Middle East, HVS, HVS Operator Guide, Maximilian Quack


Canadian Lodging Outlook Quarterly 2020-Q3

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


STR's Final 2020 U.S. Hotel Forecast Adjusted Slightly Upward

New U.S. hotel industry forecasts from both STR and HVS anticipate that the full-year occupancy level will end the year at around 42 percent, according to information presented by the companies at Thursday's New York University International Hospitality Industry Investment Conference.
Tags: Travel, HVS


2020 HVS Lodging Tax Report - USA | By Thomas Hazinski & Joseph Hansel

While prior HVS annual lodging tax studies have looked back on tax rates and revenues across the United States, this ninth annual Lodging Tax Study also looks forward and assesses the impact of the COVID-19 pandemic. This analysis of 25 major US markets illustrates the depth of the impact on the hospitality industry and projects a pattern of recovery over the next few years. HVS also provides historical data on tax rates and the collection and distribution of revenue from lodging taxes le...
Tags: Travel, Usa, US, United States, States, HVS, Thomas Hazinski, Joseph Hansel


Economy Extended-Stay Hotels Hold Up Best During Q2 2020 | By Rodney Clough & Chelsey Leffet

The second quarter of 2020 was the low point for the hospitality industry, as the world was gripped by the pandemic and as travel lockdowns were widespread. HVS compiled the 2020 performance statistics of brands reported by public companies for the second quarter and compared the data to second-quarter performance of 2019. The data reflect the resiliency of economy, extended-stay brands during the first months of the pandemic.
Tags: Travel, HVS, Chelsey Leffet, Rodney Clough


A Deep Dive into Wellness Hospitality | By Stacey Zhu, Daniel Voellm & Mia Mackman

This article provides an overview of the underlying factors that are driving the growth in the spa-and-wellness hospitality sector. HVS has been tracking demand and growth patterns within this sector over the years, resulting in the creation of the dedicated HVS Spa & Wellness Division in 2016 to focus on long-view investment considerations and detailed performance propositions. In this article, we take a deep dive into this rapidly advancing industry and identify what distinguishes an im...
Tags: Travel, HVS, Mia Mackman, Stacey Zhu Daniel Voellm, HVS Spa Wellness Division


The Impact of COVID-19 on the South Korea Hotel Industry | By Han Sol Park & Daniel Voellm

HVS has conducted a survey about the COVID-10 pandemic and its unprecedented impact on the South Korea hotel market. The survey is divided in two sections, how the properties in South Korea is reacting in response to drop of overall demands throughout contingency plans and viewpoint of how experts in the hotel operations are recognizing sign of recovery of pandemic as well as their outlook of the market in the future.
Tags: Travel, South Korea, HVS, Daniel Voellm, COVID, Han Sol Park


Canadian Lodging Outlook Quarterly 2020-Q2

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


Hotel Operators Must Be Flexible, Be Lean and React Quickly to Change, says HVS Webinar Panellists | By Russell Kett

The issue of financing the cost of reopening the hotel sector was the hot topic tackled in the second hotel webinar organised by global hotel consultancy HVS, legal firm Bird & Bird, EP Hospitality and AlixPartners, which was held yesterday [8th July].
Tags: Travel, HVS, Russell Kett, AlixPartners, Bird Bird EP Hospitality


Canadian Lodging Outlook Quarterly 2020-Q1

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


HVS Resource: Hotel Operations in the COVID Era

Social distancing has become a norm in today's COVID-19 world and hotels need to re-evaluate and update their SOPs to adapt to this change. HVS has prepared this document to help hoteliers in the planning process regarding the formulation of SOPs on how to operate their hotels once the lockdown has been lifted. We strongly recommend that hotels always follow the guidelines provided by the Health Department and the state and central Government, including guidelines on maintaining records e...
Tags: Travel, Health Department, HVS


HVS CPACE Strategy for Avoiding Loan Loss Reserves and Preserving Equity Capital | By Kathy Conroy

A recently published article by several of my colleagues at HVS forecasts the expected pattern of decline, and the subsequent recovery, in the market value of hotels in the United States under "best case," "most likely case," and "worst case" scenarios. And while they further acknowledge a variety of factors that will also influence the ultimate value impact realized by a hotel under each of these scenarios, the decline in asset value under the "most likely" scenario is expected to averag...
Tags: Travel, United States, HVS, Kathy Conroy


HVS COVID-19 Impact on Lodging Tax Revenues | By Thomas A. Hazinski & Joseph Hansel

HVS modeled the anticipated RevPAR declines during the COVID-19 pandemic. Based on patterns of recovery following the two most recent recessions, we projected the lodging tax revenues of 24 urban markets in the United States. Comparing these projections to a baseline scenario without the pandemic, HVS estimates combined losses of 24 major U.S. markets could range from $4.0 to $5.5 billion of lodging tax revenues. Lodging tax losses of this magnitude will force bondholders, destination mar...
Tags: Travel, United States, HVS, Thomas A Hazinski, Joseph Hansel


Hotel Operations in the COVID Era | By Ajay Mehtani & Dipti Mohan

Social distancing has become a norm in today's COVID-19 world and hotels need to re-evaluate and update their SOPs to adapt to this change.HVS has prepared this document to help hoteliers in the planning process regarding the formulation of SOPs on how to operate their hotels once the lockdown has been lifted. We strongly recommend that hotels always follow the guidelines provided by the Health Department and the state and central Government, including guidelines on maintaining records et...
Tags: Travel, Health Department, HVS, Dipti Mohan, Ajay Mehtani


Canadian Lodging Outlook Quarterly 2019-Q4

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


UK Hotel Market Tracker Q4 2019

AlixPartners, STR and HVS have published the Q4 2019 UK Hotel Market Tracker. The Hotel Market Tracker analyses performance, supply and transactions in London and the UK regions.
Tags: Travel, UK, London, HVS, AlixPartners STR


Tough Year Ahead for UK Hoteliers With Key Issues to Tackle | By Russell Kett

HVS identifies five key issues that hotels need to consider moving into the new decade, including the fact that travellers are now expecting a more personal service, the issue of corporate responsibility and the importance of attracting and retaining good staff.
Tags: Travel, UK, HVS, Russell Kett


Key Takeaways from the 2019 Western Canadian Lodging Conference | By Shu Lin (Sharon) Liu

HVS was the Platinum Sponsor for the 2019 Western Canadian Lodging Conference (WCLC) that was held in Vancouver on November 25 and 26, 2019. The event welcomed more than 400 delegates, the highest attendance in the history of the conference. The main takeaways from the conference are briefly summarized in this article.
Tags: Travel, Vancouver, HVS, Shu Lin Sharon Liu


Equity Yield Rates on the Decline | By Katy Black & Rodney Clough

HVS continually tracks the rates of return on the assets on which we consult. In our most recent review, we found that equity yield rates, on average, have shown a continued trend of decline in the full-service and luxury hotels sector, as well as the lower-tier limited-service sector, with the select-service and upscale limited-service sector showing stability.Equity yield rates were notably lower for full-service and luxury hotels, averaging 16.4% for the year-to-date 2019 period, which...
Tags: Travel, HVS, Rodney Clough, Katy Black


Canadian Lodging Outlook Quarterly 2019-Q3

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


UK Hotel Market Tracker Q3 2019

AlixPartners, STR and HVS have published the Q3 2019 UK Hotel Market Tracker. The Hotel Market Tracker analyses performance, supply and transactions in London and the UK regions.
Tags: Travel, UK, London, HVS, AlixPartners STR


HVS Asia Pacific Hospitality Newsletter - Week Ending 18 October 2019

HVS Executive Search Promotes Haydn Lam and Appoints Jens Busch in Asia Pacific, HVS Executive Search Relaunches in New Delhi with Ajay Mehtani, Radhika Puri Pangasa and Smriti Anand, In Focus: Vietnam, Discover the Boundless Allure of the Land of Rising Dragon, Myanmar Grants Visa-On-Arrival to Visitors from Six More Countries, Themed Travel Becomes Increasingly Popular in China.
Tags: Travel, Asia Pacific, Vietnam, New Delhi, HVS, Haydn Lam, Jens Busch, Ajay Mehtani Radhika Puri Pangasa


Canadian Lodging Outlook Quarterly 2019-Q1

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS


Canadian Lodging Outlook Quarterly 2018-Q4

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.
Tags: Travel, HVS