Shannon Okada

Mar 21, 2023 | hotelnewsresource.com | Kristina M. D'Amico |Shannon Okada

2 minute read       HVS March, 21 2023 HVS Brokerage & Advisory announced the sale of the 57-key Howard Johnson by Wyndham Houma, located at 105 Lamar Street, Houma, Louisiana 70360. The property, built in 2008, was purchased by Agha Holdings, based in Chatsworth, California, from KAK Enterprises, based in Houma, Louisiana.   Steven Hoang, Principal of KAK Enterprises, commented, “We were pleased to work with the HVS team on the sale of our hotel.

Mar 20, 2023 | hotelnewsresource.com | Kristina M. D'Amico |Shannon Okada

Following the devastating impacts of Hurricanes Irma and Maria and the effects of COVID-19, the U.S. Virgin Islands achieved the highest percentage increase in visitors between 2019 and 2022 of any Caribbean nation. This article explores tourism trends in this growing Caribbean destination.

Mar 20, 2023 | htrends.com | Kristina M. D'Amico |Shannon Okada

European hotel values rise 3% in 2022 in what proved a mixed year for the sector. Read more in our latest European Hotel Valuation Index. For Europe, some aspects of 2022 were much better than expected, while others were much worse. Some ofthe key highlights of this eventful year are presented below.

Mar 17, 2023 | hotelnewsresource.com | Shannon Okada

5 minute read       HVS March, 17 2023 The St. Louis lodging market was growing when the COVID-19 pandemic struck in March 2020 and derailed its momentum. A healthy recovery ensued in 2021, and by year-end 2022, the city’s hotel performance was back on track. Although headwinds remain, the outlook is positive, as investments throughout St. Louis are paving the way for strength in the hotel market.

Mar 17, 2023 | hotelnewsresource.com | Shannon Okada

Las Vegas’s 38.8 million total visitors in 2022 was roughly 91.3% of 2019 levels and only 4.1 million below the peak number of visitors in 2016. Gaming revenue for Clark County in 2022 was $12.8 billion, a new record for the market. Statistics from the Las Vegas Convention and Visitors Authority reflect 43.6 million total occupied room nights for Las Vegas in 2022, 20.6% more than in 2021. This article examines the latest trends and developments relevant to the Las Vegas hospitality market.