Labor costs surge in LA hotels as $30 hourly wage floor advances
Los Angeles labor costs exceed most major US markets, as profitability narrows
The Los Angeles City Council’s approval in May of a $30 minimum wage by July 2028 for hotel workers comes amid an already steep climb in labor costs across the city’s hospitality s...
Why the West Coast is ripe for hotel brand takeovers
How market composition shapes growth opportunities for conversions
As ground-up hotel development faces sustained headwinds, conversions have emerged as a key strategy for growth. However, the opportunity for conversions varies significantly by ma...
From de-flagging waves to brand-hopping booms, conversion trends trace the industry's evolution
What 30 years of hotel conversions reveal
Over the past three decades, hotel conversion trends have reflected a dynamic and ever-shifting industry landscape shaped by economic cycles, evolving brand strategies and owner de...
Hotel conversions climb as new builds shrink
Brands and owners pivot to faster, lower-cost growth development models
Conversions account for a large share of hotel openings every year. As new construction loses momentum, conversions are rising as a preferred growth strategy.
Borderline slump: Canadian travel dip unevenly hits hotel performance in US areas near Canadian border
Sentiment, calendar shifts fuel sharp drop in revenue per available room, but impact may be less severe than feared
According to Tourism Economics, recent data from Statistics Canada reveals an ongoing decline in Canadian travel to the U.S., with a 35.2% year-over-year drop in land crossings and...
Western hotel sales cool further in 2025 as upper-tier assets stay off the market
Colorado emerges as a bright spot with a pair of landmark deals
Roughly $771 million in hotel sales involving 92 properties traded in Western U.S. region markets in the first quarter of 2025, a slight decrease of 4% compared to the same period ...
Shrinking demand, rising costs, disrupted travel patterns reshape hospitality industry landscape
New reality sets in for US hotels in 2025
The hotel industry is grappling with a rapidly evolving landscape shaped by macroeconomic uncertainty, policy headwinds and changing guest preferences. A convergence of inflationar...
Cuts in federal travel hit Colorado Springs and San Diego hotel performance
Government austerity and travel-related suspensions produce headwinds
Colorado Springs, Colorado, and San Diego are two of the nation’s most prominent military-anchored markets, with government-related travel serving as a consistent source of hotel d...
CMBS stress peaks in the San Francisco hotel market
Investors seek opportunities amid delayed recovery
The San Francisco metro remains one of the least recovered hotel markets in the U.S.
Colorado hotel sales climb, yet the market still trails long-term trends
One flashy sale in Denver accounts for over half of all sales in the first quarter
In the first quarter of 2025, roughly $162 million across 14 hotel properties traded in the three Colorado markets, an increase of over 70% compared to the prior year. Still, this ...
San Francisco hotels post All-Star first quarter
Events drive major gains, but the long-term outlook remains tempered
San Francisco’s hotel market saw a notable revival in the first quarter of 2025. The improved performance was bolstered by marquee events like the J.P. Morgan Healthcare Conference...
Pacific Northwest hotel sales plummet to a decade low
Conversion projects drive limited activity in year's first few months
In the first quarter of 2025, roughly $109 millionacross 23 hotel assets traded in the four Pacific Northwest markets, a 60% decrease in sales compared to the same period in the p...
Hotel performance outlook for the Western US: trends and projections
An overview of the main drivers of future performance through 2027
The hotel industry in the Western U.S. is facing a mix of recovery and growth trends across major markets, with some destinations rebounding from setbacks while others continue to ...
Hotel operators in US West able to raise rates, but struggle to increase occupancy
Las Vegas, San Diego, Orange County post largest hotel rate gains
The eight western markets that rank among the 25 largest hotel markets in the U.S. have been able to increase rates consistently, but occupancy is lagging in all eight markets. The...
Assessing the lasting impact of the LA wildfires on hotel performance
Following the evacuation peak, increased demand for hotel rooms continued throughout January
Almost a month after the devastating wildfires in Los Angeles, we take a closer look at the lingering effects on the hotel sector among several of the region’s markets.
A primer on San Francisco's hotel market
Challenges, recovery and future demand drivers to the recovery of hotels in the Bay Area
The San Francisco/San Mateo hotel market remains one of the least recovered among major U.S. markets.
Seattle's hotel pipeline is in the middle of the pack among top 25 markets
Half of properties under construction fall in a single submarket
Seattle’s hotel pipeline mirrors the national average, with roughly 1,300 rooms underway across seven properties, or 2.5% of the existing room supply totaling 51,000. An additional...
Denver's hotel transaction volume held steady in 2024
Three transactions made up 25% of the total sales volume
Roughly $338 million across 29 hotels changed hands in Denver last year, achieving a comparable sales volume to the prior year. This compares to the 10-year market average of about...
Hotel transactions in Las Vegas hit lowest point in over a decade
Fewer than 10 hotels traded, with not a single transaction exceeding $30 million
Roughly $115 million of hotel properties were sold in Las Vegas last year, a decrease of 90% compared to the prior year. This was the lowest volume recorded in the city since 2014,...
San Diego hotel pipeline is among largest of the top 25 markets
One hotel accounts for over 50% of rooms under construction
San Diego exhibits a strong pipeline of hotel rooms under construction and in final planning, as the metropolitan area has roughly 2,900 rooms underway across 10 properties, or 4.3...