Hotel Development Cost Survey 2009 - By Elaine Sahlins
The time period for the hotel development cost survey has been expanded to include data from the first half of 2009; as such, the 2009 cost survey reports updated per-room development costs for 2008/09.
HVS has tracked hotel construction costs throughout the United States since 1976. The survey considers data for six lodging types: Economy/Budget Hotels, Midscale Hotels w/o F&B (without Food and Beverage), Extended-Stay Hotels, Midscale Hotels w/ F&B (with Food and Beverage), Full-Service Hotels, and Luxury Hotels and Independent Resorts. This year, the time period for the survey has been expanded to include data from the first half of 2009; as such, the 2009 hotel development survey reports updated per-room development costs for 2008/09.
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