U.S. hotel demand may be at record highs, but that doesn’t mean residents in every part of the country are excited to see hotel projects breaking ground in their backyards.
Compared to 20 years ago, the current commercial real estate (CRE) market looks pretty grim.
Las Vegas and gambling may seem synonymous in the public consciousness, but the reality is a bit more nuanced. It turns out that "gaming" now accounts for only a third of hotel and casino revenue.
The majority of money earned on the Las Vegas Strip – about 52 percent — comes from food and beverage as Sin City evolves to keep up with changing tastes and strives to remain a destination for Southern California visitors.
Check out this video to see highlights from Meet The Money 2018.
While the hotel sector is performing well, it’s hardly a time to rest easy and rake in profits, according to hotel experts speaking at the National Association of Real Estate Editors annual real estate journalism conference in Las Vegas. They offered a list of issues to watch.
Whether a GM rises from within a management company’s ranks or joins a hotel from a different company, the management groups look for some key factors when selecting a property’s next leader.
At this year’s Hunter Hotel Conference, industry leaders spoke about the evolving role of tech in hospitality and how it’s disrupting the industry.
Brands have always shopped themselves as providing unbeatable value through reservations, brand recognition and loyalty programs. Indeed, more than 70 percent of all hotel rooms carry a brand, according to STR.
As mixed-use developments become destinations for leisure and business travelers, they are likewise becoming a preferred destination for hotel investors.