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The Developing Story: Minneapolis

The Developing Story: Minneapolis

Located on the west-most edge of the Rust Belt, Minneapolis, Minn., is in the midst of an economic and population boom. In the last year, the city’s population grew by 1 percent, adding 33,000 people to the community, according to ...

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TravelClick: Advance Booking Pace Ramps Up

TravelClick: Advance Booking Pace Ramps Up

NEW YORK—As the fall season comes into full swing, hotels in major North American markets are experiencing an improved advance booking pace, as well as healthy increases in both transient (individual reservations that are made by business and leisure travelers) ...

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Low Levels of New Supply Boost U.S. Lodging

Low Levels of New Supply Boost U.S. Lodging

CHICAGO—Fundamentals across the U.S. lodging sector remain unusually strong in the context of a cycle that turned 59 in July, based on consecutive months of positive TTM RevPAR, according to Fitch Ratings. TTM RevPAR was up 8 percent at the ...

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Caribbean Hotels Continue Double-Digit NOI Growth

Caribbean Hotels Continue Double-Digit NOI Growth

ATLANTA—Caribbean hotels are enjoying their continued run of double-digit net operating income (NOI) growth according to the newly released 2015 edition of Trends in the Caribbean Hotel Industry by PKF Consulting (PKFC), a CBRE Company. According to the report, the ...

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Hotel Budget Accuracy Benefits All

Hotel Budget Accuracy Benefits All

Since 2001, PKF Hospitality Research, a CBRE Company (PKF-HR), has assessed the accuracy of hotel budgets. Over the past 14 years, a trend has become very predictable: In times of industry prosperity, hotel budgets are consistently accurate. During the depths ...

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