U.S. Lodging Industry Overview – Mid-Year 2018

The hotel industry continued to set records in the first half of 2018; even as revenue growth moderated, the overall performance exceeded expectations. While room revenue surged in the first half of the decade, growth rates since 2016 have softened, […]

Lodging Review – New York, NY – Mid-Year 2018

The New York City hotel market experienced a decline in RevPAR and ADR in 2016 and 2017, but 2018 has shown significant improvements year-to-date. All metrics have shown positive increases, led by RevPAR growth of 5.3%. ADR rose 3.4%, and […]

Lodging Review – Minneapolis, MN – June 2018

Minneapolis has seen robust growth across all metrics through May 2018. Year-to-date increases are largely attributed to Super Bowl generated demand. Occupancy, ADR, and RevPAR in February 2018 saw staggering increases of 13.0%, 47.0%, and 66.0%, respectively. Year-to-date metrics continued to […]

U.S. Lodging Overview – Year-End 2017

2018 – Is the Cycle Waning, Steady, or Just Beginning?
By the end of the year, the U.S. hotel industry performance neither disappointed, nor did it delight. Investors had been expecting slowing rate growth and a contraction in occupancy. However, the […]

Lodging Review – Denver, CO – December 2017

Denver has established itself as a rapidly growing economic hotbed in the West, and recently ranked 11th on Forbes’ “America’s Fastest-Growing Cities 2016” list. According to Experian Marketing Solutions, Inc., the population of the Denver MSA was estimated to be […]

Q3 2017 Cap Rates Across Canadian Markets

Subtle Shift in Outlook for Tomorrow’s Markets
It is important to remember that the Bank of Canada implemented its first interest rate rise in seven years as recently as mid-July 2017. So it’s no surprise that rising interest rates have done little […]

Canadian Lodging Industry Overview – Hospitality & Gaming – November 2017

During Canada’s 150th anniversary, Canadian hotels and resorts had an impressive year with record high occupancy and average daily rates (ADR). However, while 2017 has been the latest in a string of record years, Cushman & Wakefield expects 2018 will […]

Lodging Review – San Francisco, CA – September 2017

San Francisco is a mature, culturally diverse city that benefits from a strong economic base, attracting and supporting a range of industries. The region is also the innovation center of countless new technologies and whole industries. San Francisco is also […]

U.S. Lodging Industry Overview – September 2017

Late Cycle, Soft Landing, or Extra Innings – You Pick the Metaphor
Despite the anticipated trends including the opening of new hotels, the softening of occupancy, and the pressure on average growth all coming to fruition, the U.S. hotel industry continues to […]

Lodging Review – Miami, FL – August 2017

Miami’s importance as an international financial and cultural center has elevated it to the status of “world city,” defined as a large city that has outstripped its national urban network and has become a part of an international global system. […]