In order to remain competitive, cutting-edge hotel market participants routinely consider the sector’s highly fluid strengths, weaknesses, opportunities and threats.
The hotel industry’s knight in shining armor isn’t generating the massive profit surplus operators were expecting.
Hotel transactions in the United States continue to boom thanks to a steady economy and favorable outcomes from tax-law changes.
The LW Hospitality Advisors (LWHA) Q3 2018 Major US Hotel Sales Survey includes 57 single asset sale transactions over $10 million, none of which are part of a portfolio.
While few are anticipating a major market crash, the duration, depth of a prospective economic recession and risk of a downturn is higher now than it has been for more than five years.
High levels of US consumer and business confidence are being fueled in part by low unemployment rates and rising wages both of which continue to have positive effects on the demand for US hotel room night demand.
Buoyed in part by a strong stock market, the 400 wealthiest Americans delivered yet another record-breaking year.
New York hotel occupancy rates and revenue per available room are ticking upward, indicating there are good days ahead for the city's densely supplied hotel sector.