Pyramid Hotel Group recently published their Winter 2015 Hotel Industry Overview. Some highlights include a 10% growth in RevPAR in the final quarter of 2014. Last year tied with 2011 for the second highest annual RevPAR growth in the last 25 years, behind only the 8.7% pickup in 2005. The report highlights Occupancy, ADR, and RevPAR growth of major hotel segments and in key markets. Other data of interest is the major hotel transaction that have recently taken place in various markets. The report indicates that hotel sales in Jaunary of 2015 were up 32% over last year. For all the data and analysis and to read Pyramid Hotels Report, click here.
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July 19, 2020
A hotel feasibility study is generally required by the mortgage lender or investor before a developer or organization is able to move forward with constructing a new hotel. Typically completed by an independent third-party consultant who specializes in analyzing hotel projects, a feasibility study determines whether a proposed hotel development is economically feasible and ifREAD MORE