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Hurricane Boosts Hotel Performance; Supply Additions Bring Challenges Robust pace of completions softens major metros’ occupancy. Texas hotels ended 2017 on a high note as residents displaced by Hur-ricane Harvey sought temporary housing, filling rooms across the state and boosting occupancy and...
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National Economy The new tax law could play a signifi cant role in shaping both the economy and hospitality demand in 2018. A reduction in the corporate tax rate will be a windfall for corporations, encouraging several companies to increase investment in hiring, wages and business travel as a means...
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New Tax Law Invigorates Value-Add Options in Hospitality Sector; Elevated Occupancies Reinforce Revenue Gains Economy gets a boost from tax reform. Economic growth surpassed 4 percent in the second quarter, lifted by strengthened consumption and business investment. The new tax law has stimulated...
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Buyer Demand Accelerates in Upper Midwest Amid Healthy Performance Solid gains recorded in Upper Midwest region. During the year ending in June, re-spectable improvements in occupancy and revenue metrics were registered in the Up-per Midwest region, which contains Illinois, Iowa, Minnesota,...
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Texas Hotels Feel Impact of Hurricane Harvey Displaced residents from Hurricane Harvey seek shelter in Texas hotels. This year is expected to end on a high note for hotels, though at the end of the second quarter, occupancy declined year over year. Nearly all the major state metros, with the...
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Investors Maintain Confidence in Hospitality Market As Occupancy and Revenue Metrics Improve Hotel room demand persists. The U.S. hospitality sector has recorded increases in occupancy and revenue metrics during the year ending in June as room demand remained healthy. Employ-ment growth nationwide...
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