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.
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.
Low interest rates, although climbing, continue to drive a search for yield that is drawing capital into commercial real estate—particularly hotels, according to Daniel Lesser, president and CEO of LW Hospitality Advisors.
As the de Blasio administration moves forward with its proposal to limit hotel development in large swaths of the city, the main trade group representing hotel owners – whose members have conflicting attitudes toward the plan – is sitting the debate out.
LW Hospitality Advisors has revealed the findings of a comprehensive M1 Zoning Hotel Market Analysis completed in advance of the city’s decision regarding the certification of the proposed action to limit new hotel development in M1 zoning districts.
Leading hotel industry analyst LW Hospitality Advisors has announced the findings of a comprehensive M1 Zoning Hotel Market Analysis.