Hotel Industry Trends

U.S. Lodging Performance Fell Short Of Budget In 2017 - By Robert Mandelbaum
October, 23 2018
In 2017, the actual achieved levels of occupancy, average daily rate (ADR), total revenue and profits for U.S. hotels were less than their respective budgeted amounts. After a five-year period (2011 through 2015) of extremely accurate budget projections, this marks the second consecutive year that owners and operators failed to meet their operating goals. continue reading →

Cvent Launches Its First Quarterly Group Business Outlook
October, 18 2018
The third quarter of 2018 saw meeting planners award an unusually high number of RFPs for all future dates compared to a particularly weak third quarter of 2017. The growth rate in awarded RFPs to U.S. hotels over the past 12 months average 11.4%, based on data from the Cvent Supplier Network. The third quarter grew an impressive 14.7%. continue reading →

HVS Report - Equity Yield Rates on the Decline - By J. Carter Allen and Rodney G. Clough
October, 17 2018
HVS continually tracks the rates of return on the assets that we consult on. In our most recent review, we found that equity yield rates, on average, have been declining, due in part to the expectation of slowing EBITDA Less Replacement Reserve growth. The sample size of available data is also a contributing factor. continue reading →