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Philadelphia Hotel Market Experiences Boom

The Democratic National Convention, citywide conventions, and major sporting events have contributed to a $500 million summer for Philadelphia’s hospitality industry. In addition to increases in hotel occupancy and RevPAR, the city also saw a boost at arts and cultural ...

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Hotel Investment Off to Slow Start in First Half of 2016

Hotel operating fundamentals are still strong, but capital markets have been far less stable this year. Hotel investment has been cautious this year, with U.S. hotel acquisitions totaling $6.5 billion in Q2—down 50 percent year-over-year. The first half of 2016 ...

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New York Leads U.S. with Most Hotel Openings

According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the markets expecting the largest number of new hotel openings in 2016 are: New York with 46 projects/7,129 rooms, Houston with 36 projects/4,145 rooms, Dallas with ...

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Corporate Travel Prepares for Marriott-Starwood Merger

The Marriott-Starwood deal now hinges on one final factor: Chinese authorities’ regulatory approval. In the meantime, travel management companies and corporations are already thinking about the impact of two major competitors merging, creating nearly 30 brands. Once the deal goes ...

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Lodging Econometrics Names Top Construction Markets

Lodging Econometrics (LE) reports that the five U.S. markets with the largest hotel construction pipelines by project count are: New York with 196 projects/32,121 rooms; Houston with 170 projects/20,083 rooms; Dallas with 128 projects/15,682 rooms; Nashville with 109 projects/13,789 rooms; ...

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California Hotel Sales Slow

While California’s hotel real estate values have grown this year, the increase has dropped significantly, with larger real estate investment trusts excluding themselves from the market. Hotel sales values rose by 11.3 percent statewide, compared to the 25 percent increase ...

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