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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Thought Leadership

4Q23 Hospitality Earnings Summary

Our 4Q23 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry’s recovery. A glimpse: 4Q23 U.S. RevPAR change was -4.4% to 5.0% driven by mixed growth and decline in ADR. Economy and Midscale reliant brands reported slowest (zero or negative) RevPAR change Full year guidance implies 2024 RevPAR..
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4Q23 Hospitality Dashboard

Our hotelAVE Hospitality Dashboard 4Q23 is now available! Projected 2024 RevPAR growth of 2.7% to 4.2% is below 4.9% in 2023. Because the deceleration is ADR related, GOP margin pressures will continue in 2024. RevPAR flow to GOP was only 23% in the Top 25 markets; GOP margin decreased 100 bps in 2023. Labor cost..
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Condo Hotel Developments and Hotels With Residential Rental Programs Are Fraught With Complexity

Drawing from over 25 years of experience in commercial real estate, Loren Balsam, hotelAVE’s Chief Investment Officer, shares his insights on navigating the complex world of hotel development with a residential touch. This article tackles the hurdles of traditional hotel development and the growing preference for condo hotels. Success in this arena requires careful negotiation..
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3Q23 Hospitality Earnings Summary

Our 3Q23 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry’s recovery. A glimpse: Q3 2023 showcases impressive mid-teens RevPAR growth, driven by surging occupancy rates and increased ADR. While leisure demand sees a gradual uptick, business demand has rebounded to 84-90% of pre-pandemic levels, with expectations of..
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3Q23 Hospitality Dashboard

Our hotelAVE Hospitality Dashboard 3Q23 is now available! Q324 Total RevPAR finished up 3% versus Q323, however GOP margins were down 3% or 100 bps Despite the two recent interest rate cuts, increases on yields of five and ten-year treasuries negated the benefit for fixed rate borrowers 3Q24 growth in OTA, GDS, and Wholesale channels..
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The Impact of QR Code Integration in Hotels

QR codes are revolutionizing the hospitality industry, from the booking confirmation to post-checkout messaging. Here are just a few ways QR codes are being used to enhance the guest experience: Arrival: Upon arrival, upselling opportunities and guest requests can all be facilitated through QR codes.  A best practice is to put QR codes on the..
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Asset Manager hotelAVE Bullish on Corporate, Group Travel Expectations

In a recent call hosted by Truist, hotelAVE an shared optimistic outlook for 2024 for corporate and group travel. Despite ongoing workplace dynamics, corporate and group travel are expected to experience significant RevPAR growth, with a projected increase of 5.8% year-over-year and a 12% improvement relative to the 2019 baseline. Other key takeaways: Challenges persist..
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Want to Save Money and Reduce Utility Costs? Here’s How.

As the hotel industry addresses its energy challenges, hotelAVE offers valuable insights into cost reduction and sustainable practices. Explore strategies like energy audits, personalized energy reduction plans, and performance monitoring to efficiently cut utility expenses. From fine-tuning guestroom temperatures to adopting efficient lighting and water systems, these approaches deliver both financial savings and environmental…
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The GOP Squeeze: How Asset Managers Maximize Hotel Profitability

As economic challenges, such as a potential recession, still-rising interest rates and wage increases loom, asset managers must identify areas of improvement to ensure sustained profitability. Focusing on operational performance is a key strategy to blunt their effects—and that’s where strong asset management comes into play. Read Full Article.. Download PDF file
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