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Top Concerns and Trends for Hoteliers in 2022

As we get ready to flip the calendar to a new year, we are reflecting on the hospitality industry in 2022, which has proven to be a dynamic and interesting year. Many of the challenges that plagued the industry in 2021 still exist but in many instances to a lesser extent. By year-end new challenges

What Drove Hotel Values to Decline in 2020?

The once-in-a-century pandemic has caused hoteliers to endure a firestorm that decimated the hotel and leisure industries. The growing COVID-19 cases across the U.S., as well as government restrictions on travel that further stress demand, continue to leave the hotel industry significantly behind pre-pandemic levels in terms of revenues, profitability and valuations. Gateway cities such

After a decade of growth and recovery, what’s next?

Looking back at the past always helps to give an indication of what the future may hold. The hotel industry has shown tremendous growth in all metrics since 2009. Forecasts show occupancy levels starting to decline while demand and supply level and ADR will grow. The consolidation of brand companies and new brand offerings that

Hotel Market in Grand Rapids Continues to Boom

Michigan’s economy is growing again, and Grand Rapids is leading the way. Since 2009, Grand Rapids has had the fastest growing regional economy in the state, increasing 29.2% to $58 billion, according to Michigan-based Bridge Magazine. The Metro Grand Rapids area has also been recognized as one of the fastest growing economies in the country.

Gaming a Winning Bet in Ohio

This article compares the performance of casino slot machines and racino VLTs and gives an overview of the Ohio gaming industry.

Public-Private Partnerships for Hotels

As hospitality consultants, we understand the relationship between private developers and public entities. These public-private partnerships have long been an economic tool in the hospitality industry, but post-recession they have become more commonplace.

Performance Soars at Airport Terminal Hotels

On-site airport hotels make a connection with travelers and have distinct advantages over nearby airport properties.

Renting As an Alternative to Hotel Land Acquisition

When land is not available for purchase for hotel construction, a well negotiated ground lease can benefit both the developer and the land owner.