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Rolling Out the Red Carpet for Chinese Tourists | By Erin Kim

Tue, 31 Jan 2012 10:24:39 +0200

While the U.S. struggles with the downturn of the economy, the country is not realizing its potential to increase jobs and GDP through international tourism – more specifically, Chinese outbound tourism. The demand exists – the booming economy in China has enabled more and more people to travel farther and for longer. The supply exists – the US has great cultural, natural, and commercial resources to attract tourists from different socioeconomic classes with a plethora of different interests. So, what is missing? What is lacking that is the most fundamental piece in bringing the demand to meet the supply for tourism?

Photo: Rolling Out the Red Carpet for Chinese Tourists

Tue, 31 Jan 2012 10:21:44 +0200

Blog - Canadian Lodging Outlook December 2011

Fri, 27 Jan 2012 05:00:00 +0200

2011 Canadian Hotel Transaction Survey Receive FREE Weekly Newsletter

Blog - Indian Hotel Industry Survey 2010-11

Thu, 26 Jan 2012 05:00:00 +0200

The survey, representing 1,318 hotels in various cities across different star categories in India, presents key statistics for the industry. It provides information about financial performance, marketing media usage patterns, guest segmentation etc. Receive FREE Weekly Newsletter

Amsterdam Market Snapshot (Adobe PDF Document)

Wed, 25 Jan 2012 13:29:28 +0200

While 2010 saw a 15% increase in the number of events held in the city, 2011 saw the return of large events with higher delegate numbers than in previous years. The signing of several major events for 2012 and 2013 will enable Amsterdam to maintain its position amongst the leading conference destinations in Europe and support continuing growth in hotel demand from this sector.

Recovering conference market puts Amsterdam’s hotel sector on a strong footing for future growth, says HVS London

Wed, 25 Jan 2012 13:29:15 +0200

Amsterdam's hotel sector has demonstrated enviable resilience to the downturn, with business and conference travellers increasingly attracted to the city and a large number of tourists staying for extended weekends. A new report by hotel consultancy HVS London says that the success of Amsterdam's hotel sector, while other markets in Europe have suffered more acutely, is due to its easy access, conference infrastructure and numerous cultural and tourist attractions.

Blog - Synopsis of the 2011 Indian Hotel Industry Manpower Survey (IHIMS)

Wed, 25 Jan 2012 05:00:00 +0200

The survey, first-of-its-kind in India, presents critical manpower ratios across hotel hierarchies at an All-India level, by hotel market positionings and by major Indian cities. Its synopsis discusses the key survey results briefly. Receive FREE Weekly Newsletter

HVS Appraisal Seminar (15 February 2012)

Tue, 24 Jan 2012 09:59:08 +0200

Join HVS’ Steve Rushmore as he presents 2 appraisal seminars February 15 in Ft. Lauderdale, FL: Overview of the US Hotel Industry and Market Studies & Valuations.

Photo: Absolute Share Price Performance Over the Past Week – 12-19 January 2012

Mon, 23 Jan 2012 11:32:33 +0200

HVS EMEA Hospitality Newsletter – Week Ending 20 January 2012

Mon, 23 Jan 2012 11:32:16 +0200

Accor has sold the 617-room Pullman Paris Rive Gauche to Bouygues Immobilier, the property development subsidiary of Paris-based conglomerate Bouygues Group, for €77 million. Accor reported that the hotel's operating performance and technical standards were not in line with the group's requirements, and the hotel is to shut down this year, leaving Accor with four Pullman-branded hotels in the French capital.

Public-Private Partnerships: A Strategy to Minimize Public Subsidies

Tue, 17 Jan 2012 14:14:58 +0200

This article discusses why the cost of capital available to developers influences whether they will require subsidies. A strategy to minimize public subsidies involves seeking the most qualified developer who also has the lowest cost of capital. Public-private partnerships can be an effective means to initiate economic development projects. Development types can include a range of properties including mixed-use developments, tourism attractions, conference centers, sports venues, hotels, and other real estate types.

2011 United States Hotel Valuation Index (Adobe PDF Document)

Wed, 11 Jan 2012 08:37:12 +0200

In the first half of 2011, the value of the hotel investment transactions that occurred in the U.S. market reached $7.4 billion, an increase of 180% from the same period the previous year. The U.S. continues to be the dominant country in the Americas for hotel transactions, accounting for 94% of the regional transaction volume. REITs have been trading at strong multiples and have been able to access the equity markets, while private equity funds have raised significant sums of capital and the debt markets are more active; this has led to the significant increase in activity. New York City is at the forefront of this year's deal volume.

HVS’ 2011 U.S. Hotel Valuation Index (HVI) Shows Significant Increases in Transaction $ Dollar Value Over 2010

Wed, 11 Jan 2012 08:36:57 +0200

According to HVI co-authors Michael L. Mele, Chu Xu, and Rebecca Lee, "The U.S. economy is continuing its recovery from the financial crisis. Growth occurred at a relatively slow pace in the first half of 2011, but accelerated in the latter half. The factors which impeded growth in the first half of the year included: the stock market turmoil, the downgrade of the U.S. Treasuries' credit rating, European debt crisis and uncertainty over the debt ceiling impasse. However, the outlook of the U.S. economy today has become more positive and concerns of a second recession have dwindled."

Mark Fischer has joined HVS Parking Consulting in Boston - MA, United States as Managing Director of Hospitality Services

Wed, 11 Jan 2012 08:35:38 +0200

HVS Parking Consulting is pleased to announce that Mark Fischer has joined the company in the newly created national position of Managing Director of Hospitality Services. In this role, Fischer will focus on originating and operating hospitality parking programs for hotels throughout the United States. Fischer has been actively involved with the hospitality industry since 1991. He began his career at the Four Seasons Hotel in Palm Beach, Florida, where his strong management skills quickly bro

The HVS Quarterly | Hong Kong, Macau, China & Taiwan Update

Mon, 09 Jan 2012 15:57:47 +0200

The global economy had an uneasy summer. The U.S. debt ceiling fiasco followed by the downgrade of the U.S. credit rating, coupled with the European debt crisis sent shock waves through global markets and raised concerns about the state of the global economy. While uncertainty escalates, markets in the region remain largely unaffected for the time being.

The HVS Quarterly | Hong Kong, Macau, China & Taiwan Update (Adobe PDF Document)

Mon, 09 Jan 2012 15:51:38 +0200

HVS London’s Russell Kett Receives ‘Lifetime Achievement Award’ at Annual HOSPA Hospitality Awards 2011

Fri, 06 Jan 2012 17:23:03 +0200

HVS is pleased to announce that Russell Kett, Managing Director of HVS in London, has been presented with a special “Lifetime Achievement Award” as one of the world’s most distinguished and respected hotel advisors – by the Hospitality Professionals Association for Finance, Revenue Management and IT (HOSPA, formerly BAHA) . Kett received the award – only the fourth ever given -by the UK’s leading educational organization for professionals involved in financial management, revenue management and IT within the hospitality industry.

Hotel Investment Sentiment In France - Conservatively Optimistic Expectations | HVS

Wed, 28 Dec 2011 09:37:58 +0200

HVS and ESSEC Business School partnered to survey the French hotel investment community. The survey assessed expectations about the French hotel market and gauged investment and lending parameters used. This article reports the results of the participants’ expectations. Lending and investment parameters will be reported in a forthcoming article.

Hotel Investment Sentiment In France - Conservatively Optimistic Expectations (Adobe PDF Document)

Wed, 28 Dec 2011 09:33:56 +0200

General expectations for hotel investment in France are no different than those witnessed in other markets until the summer of 2011, where the common trait is of conservative optimism. It is likely that the most recent concerns surrounding the Eurozone would have an impact on perceptions in general, at least to some extent. However, the uncertainties around the global and more specifically European economies are, to a great extent, reflected in those expectations.

Hotel Investment Sentiment in France (DEC 2011) (Adobe PDF Document)

Tue, 27 Dec 2011 10:31:51 +0200

HVS and ESSEC Business School partnered to survey the French hotel investment community. The survey assessed expectations about the French hotel market and gauged investment and lending parameters used. This article reports the results of the participants' expectations. Lending and investment parameters will be reported in a forthcoming article.