In spite of concerns over inflation and potential recession, as well as some lagging pandemic effects, hotel asset managers expect RevPAR levels to exceed 2019 figures.
Harbor Group International’s David Rosenberg sees an investment opportunity thanks to a disconnect that’s developed between REIT equity prices and underlying net asset values.
Florida ranks among the most-visited states by both foreign and domestic tourists. Orlando alone welcomed 59.3 million visitors last year. And the state’s tourism industry had been roaring back after two years of pandemic. But Ian, heading...
The Center for Exhibition Industry Research’s CEIR Total Index, a measure of convention business activity, was in the second quarter about 25.5 percent below 2019 levels, according to a forthcoming report shared with Bloomberg. In the first...
As interest rates rise and the outlook for the economy at large remains uncertain, CRE investors who depend on debt have had to reassess their strategies. That’s impacting the property types they might consider for acquisition.
Airbnb reported revenue grew 58 percent in the second quarter from a year earlier to $2.1 billion, reflecting its strongest second quarter ever. The company also recorded $379 million of net income, the highest ever for that period.
Big hotel brands’ emission reduction pledges have remained largely, if not entirely, focused on operational carbon via reductions in fossil fuel use, waste, and water usage.
Over the next three years, Nashville is expecting an influx of five-star hotel brands that include 1Hotel, Edition, Conrad, and Ritz-Carlton, plus a full renovation of the city’s grand dame, The Hermitage.
