Hotel Asset Value Enhancement (hotelAVE)

We are excited to share the latest insights in our 3Q24 Hospitality Dashboard! ?? This report covers key trends and data shaping the hospitality industry today. Explore the full 3Q24 report here: ?? hotelAVE 3Q24 Hospitality Dashboard: https://lnkd.in/epFMUeJp Stay informed with our quarterly updates — sign up now to receive the next round of reports directly in your inbox! ?? Sign up for More Updates: https://lnkd.in/eSu7NERE #HospitalityTrends #3Q24 #DataInsights #hotelAVE #QuarterlyDashboard #HospitalityIndustry #HospitalityDashboard #HotelManagement?

We're #hiring a new Human Resources Business Partner in Providence, Rhode Island. Apply today or share this post with your network.

hotelAVE's Liam Tully was quoted in May's edition of HOTEL MANAGEMENT Magazine! Read his thoughts on charging for EV chargers at the link below! https://lnkd.in/emXNtb9Y

We're thrilled to announce our CEO Michelle Russo will be attending the International Hospitality Investment Forum (IHIF) in Berlin from April 14-20. This year's "Making the Markets" theme at IHIF is all about empowering the industry and investors. We're excited to hear insights from global investors and hotel CEOs, and to learn from every corner of our vibrant industry. If you are attending, we would love to connect! #IHIF2024 #makingthemarkets #hotelassetadvisor

Our first BrandscapeTM of 2024 has been released! This one-of-a-kind resource offers a comprehensive comparison of brands for those evaluating hotel franchise and branding options. We always provide insights into brand parents, STR category (quality/star level), design and consumer appeal, and this year, we’ve also made updates that include: -Added Hilton and Marriott's latest midscale extended-stay brands, LivSmart Studios and StudioRes -Introduced an ultra-luxury vs. entry-level luxury differentiator for brands not associated with major brand families -Conducted a thorough refresh of mid-sized/larger brands in the "Other Brands" category Our asset management and advisory teams are dedicated to supporting owners and lenders navigating the challenges of the post-pandemic recovery cycle. #hotelbrands #hospitalityindustry #brandscape #hoteladvisors

Our Q4 2023 Hospitality Dashboard with industry insights and trends is now available! A few to highlight: -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. -While US travel abroad has fully recovered, domestic arrivals remain below 2019 levels. Gateway cities, especially on the West Coast, are looking for alternative solutions to offset reduced international arrivals, impacted by delayed recovery in Asian inbound travel. -Despite slowing new supply construction (many projects have ceased or are in limbo), shadow inventory continues to expand. Access the full dashboard and explore these trends in detail by signing up here:?https://lnkd.in/eXJgvm5H ? #hotelave #hospitalityindustry #hospitalitydashboard #hotelmanagement

Missed out on?The BHN Group's?ALIS 2024? hotelAVE has you covered with key conference takeaways! -Pressure to do deals: Buyers are getting active after a hiatus of 2-3 years. Asset-specific business plans are driving more activity as sellers face pressure due to changes in financing markets -Buyers need a distress story to transact: Preferred equity and purchasing from forced sellers are common themes -Finite debt availability: Brokers advise going to market early for fresh allocations amidst potential market uncertainty as the election approaches -Shifting returns expectations: Higher debt costs challenge levered returns. Excess returns may come from non-traditional opportunities and high-return capital expenditure projects.18% IRR is the new 20% IRR! -Fundamental concerns: Can corporate and group growth compensate for leisure decline? Will inflation deceleration slow ADR growth? In 2024, maintaining margins amidst slowing top-line growth will be paramount. Focusing on asset management strategies for sales, revenue, cost control, and labor efficiency is key. Connect with hotelAVE's leadership team to enhance your property's performance! #ALIS2024 #hotelindustry #assetmanagement #hotelAVE

We're excited to share the published article "Condo Hotel Developments and Hotels With Residential Rental Programs Are Fraught With Complexity" on Hotel Business Review, written by our very own Loren Balsam, CFA. Loren provides the challenges and complexities of traditional hotel development and the increasing trend of developers turning to condo hotels. As success requires careful negotiation of terms and cost allocations, as well as an understanding of the legal and physical nuances involved, he provides recommendations for a well-structured strategy that can deliver both short-term returns and a lasting residual income stream. Check out the story for more insights! #realestatedevelopment #hoteldevelopment #industryinsights #hotelAVE #hospitalityindustry #realestatemanagement

With a 15% increase from Q2 2022, group travel is setting the stage for for a return to 2019 levels! Here are a few key insights from our 2024 Outlook: -New hire trainings, culture building, strategy development and product launches are fueling the heightened demand for group travel. -Associations are taking the lead and extending the booking window out to over a year in advance. -Planners have found it more challenging to secure appropriate spaces. -SMERF groups, especially sports, are getting priced out on the weekends. -Companies with long-term office leases are transforming unused spaces into meeting venues. A mandatory and creative approach to adapt to evolving business needs. -The question of “revenge travel” lingers: will the surge in demand driven by new business activities normalize post-2024? Connect with us for deeper insights into 2024 hotel industry data and trends. #grouptravel #hotelindustrytrends #hoteloutlook

We're excited to share that hotelAVE's CEO Michelle Russo will be attending The BHN Group's ALIS from Jan 22-24. Eagerly anticipating insights from top-tier industry delegates and the game-changing trends shaking up the hotel investment scene. Let us know if you will be there! #ALIS2024