HVS

Pandemics and the Lodging Industry

by Anne Lloyd-Jones in Coronavirus (COVID-19), Lodging, Risk Management, Safety & Security. Posted March 5, 2020

As of the writing of this article, the Coronavirus pandemic is only a few weeks old, yet it is clear that this event is already having a significant impact on the travel industry. The World Health Organization (WHO) has declared the virus, now known as COVID-19, a global health emergency, and individual governments have imposed ...

HVS 2019 Hotel Parking Survey

by Rodney Clough in Hotel Development. Posted November 9, 2019

Most hotels in urban centers profit considerably off of available parking capacity and, depending on the garage size and operational strategy of the hotel owner, garages can be significant value drivers. Our experience reflects that parking garages can operate with departmental profit as high as 40% to 50% if managed internally, or garages can be ...

What is the Uniform System of Accounts for the Lodging Industry? (Why does It Matter?)

by Kirby Payne in Hotel Development, Lodging. Posted August 20, 2019

The Uniform System of Accounts for the Lodging Industry (USALI) was first published by a committee of the Hotel Association of New York City (HANYC) in 1926. The committee was chaired by E. M. Statler the founder of Statler Hotels. Among the other eight Proprietary Committee members were the then owners of The Waldorf Astoria, ...

How to Add Value to Your Hotel Asset

by Carrie Russell in Hotel Development, Lodging. Posted June 27, 2019

At the most basic level, the value of a hotel is based on the property’s net income divided by a capitalization rate. As such, one has two possible levers to adjust as a means of increasing a property’s value: either increase the property’s net income or decrease the capitalization rate. The capitalization rate, which is ...

Pandemics and the Lodging Industry

HVS 2019 Hotel Parking Survey

What is the Uniform System of Accounts for the Lodging Industry? (Why does It Matter?)

How to Add Value to Your Hotel Asset

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