Insights

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Dig in to the latest research, industry analysis, MarketCompass and premium market reports.

Points of view

Viewpoint
Video

Hotel, finance experts see bright future for extended stay

CORAL GABLES, Florida — Hotel Investment Today gathered leading hotel and finance executives for an exclusive April 30, 2025, roundtable here to discuss the current and future state of the extended-stay sector. Their takeaway: Extended stay has “a lot of expanding upside”. Extended-stay experts say expanding investor interest, evolving growth options at different price points and increasing lender buy-in signal a bright outlook for the industry’s “most lucrative business model.”

Bryan Younge
Bryan Younge
Managing Partner, USA
Viewpoint

From ski chalets to boutique hotels – luxury rental entrepreneurs embrace lifestyle hospitalité

In Aspen, Colorado, a once-private lodge has transformed into an ultra-exclusive hotel experience. The Aspen Street Lodge – the first boutique hotel to open in Aspen in over 25 years – features just nine guest rooms and a penthouse, blending a residential-style design with five-star amenities like a rooftop deck, private chef, and even an in-house adventure concierge. This evolution from luxury vacation rental to boutique hotel is no anomaly. Around the world, entrepreneurs who cut their teeth managing high-end vacation homes are now scaling new heights in hospitality by developing intimate hotels and branded residences. It’s a trend fueled by surging demand for experiential travel and lifestyle-driven stays, especially in elite destinations such as Aspen, Vail, and Park City.

Bryan Younge
Bryan Younge
Managing Partner, USA
Viewpoint

Outdoor hospitality in Europe: the rise of the horizontal hotel

Outdoor hospitality in Europe – once seen as rustic or seasonal – is experiencing a major transformation. Spurred by the pandemic, technological advances, and investor interest, this sector is evolving into one of the most dynamic and resilient parts of the tourism landscape. Travellers are now choosing nature-based experiences, combining comfort with open-air escapes.

Irene Santos
Irene Santos
Consultant, Spain
Viewpoint

A new talent cycle in hospitality

The hospitality industry is entering a new cycle of growth. Despite solid momentum in both investment and demand, it continues to face a persistent structural challenge: the shortage of qualified talent. In this context, the way people are managed has become a critical factor, with direct implications for operational sustainability and the guest experience.

Philip Bacon
Philip Bacon
Senior Director, Spain
Viewpoint

Between brand and individuality: how white-label operators influence the hotel industry

White-label operators are playing an increasingly important role in the hotel industry in Germany. But what exactly is behind this concept, and what opportunities and challenges does it present for the sector? We take a closer look at the key developments and their impact on the market.

Susann Sparwasser
Susann Sparwasser
Consultant, Germany

Reports

Report

Fijian Hotel Market Overview June 2025

The Fiji tourism market quickly returned to a position of strength following the opening of borders in late 2021. The key source market of Australia was quick to return, followed by North American and New Zealand markets. This drove improving occupancy and record ADR levels in 2023 and 2024. The future challenge for the Fiji market will be in ensuring growth in tourist accommodation supply and seeing a greater diversification of source markets to improve year-round performance and reduce seasonal travel fluctuations.

Damien Little
Damien Little
Director, Australia
Report

New Zealand Hotel Performance Focus April 2025

April 2025 saw New Zealand hotels achieve a 2.9% RevPAR increase, with regional destinations thriving thanks to an uplift in Australian visitors and extended holiday demand.

Wim Ruepert
Wim Ruepert
Director, New Zealand
Report

Portugal Hotels & Chains Report 2025

Welcome to the 2025 Portugal Hotels and Chains Report, a comprehensive exploration of the dynamic hospitality industry in Portugal. This report delves into the unique opportunities and challenges facing this flourishing market, offering valuable insights. Portugal’s hospitality industry continues to stand out as one of Europe’s most dynamic and resilient markets. In 2024, the country reinforced its position as a top-tier global tourism destination, buoyed by sustained demand, growing international interest, and a robust investment environment. While traditional destinations like Lisbon, Porto, and the Algarve remained strongholds of growth, there was a notable surge in visitor numbers to lesser-known regions, signalling a broader diversification of tourism flows.

José Gil Duarte
José Gil Duarte
Managing Director, Portugal
Report

Mexico Hotel Market 2024

In 2024, Mexico’s tourism sector continued its robust post-pandemic recovery, contributing 8.6% to the national GDP and employing over 4.9 million people. Tourist arrivals reached 27 million, with 22.3 million entering by air – 63% from the U.S. – underscoring Mexico’s continued appeal to international travelers. This comprehensive market study outlines the main trends, growth segments, and challenges for Mexico’s hospitality sector as of 2024 and forecasts into 2025–2028.

Fabián Sánchez
Fabián Sánchez
Managing Director, Mexico
Report

Indonesia: The impact of government austerity measures

The Indonesian hospitality industry is grappling with the effects of the government’s budget austerity policy, introduced in November 2024, according to a recent survey conducted by the Indonesian Hotel and Restaurant Association (PHRI) and Horwath HTL. The survey, which gathered responses from 726 hoteliers across 30 provinces, highlights significant concerns regarding declining market performance, with 83% of respondents indicating an unfavourable start to 2025. Government-related demand, historically comprising 5-7% of hotel business, and MICE-related demand, making up 6-21%, have been drastically affected.

Matt Gebbie
Matt Gebbie
Director, Indonesia
Report

Lombok Hotel & Branded Residences 2025

Lombok, long overshadowed by Bali, remains rich in natural and cultural appeal but underperforms in tourism development due to connectivity issues and hesitant investment. Despite solid domestic tourism growth, international arrivals are lagging, reaching only 430,000 in 2024, down from their 2019 peak. Domestic visitors, however, surged to over 3.2 million.

Matt Gebbie
Matt Gebbie
Director, Indonesia
Report

New Zealand Hotel Performance Focus March 2025

During March, New Zealand hotels’ RevPAR declined by 5.5%, with Auckland and Wellington experiencing double-digit declines. Queenstown recorded another strong month. In addition to our usual market insights, we have expanded this month’s analysis to explore how supply growth and shifting consumer preferences have impacted Auckland hotels across the 3-star to 5-star segments.

Wim Ruepert
Wim Ruepert
Director, New Zealand

MarketCompass Lodging Reports

Washington State Area – 2025 Q1

The MarketCompass Lodging Report for 1Q 2025 analyzes the Washington State area lodging market, including Spokane’s economy and its influence on the region. It assesses various hotel classes (Luxury to Economy) using key metrics like occupancy, ADR, and RevPAR, providing performance rankings and trends. The report examines factors like brand representation, investment rates, air passenger traffic, and CRE performance. Spokane’s economic drivers, such as healthcare and logistics, are highlighted, alongside challenges like declining university enrollments. The report offers insights into market strengths, weaknesses, and future outlook, aiding investors in navigating the hospitality landscape. Click here to view a shortened preview of the report.

Tulsa, OK – 2025 Q1

The MarketCompass Lodging Report for Tulsa, OK in 1Q 2025 highlights a diverse economy driven by manufacturing, energy, and healthcare, with a growing labor market outpacing state and national averages. The manufacturing sector, bolstered by aerospace and defense, is expected to drive business travel and hotel occupancy. However, a slower energy sector recovery and potential population decline pose challenges. Tulsa’s lodging market ranks in the 30th percentile nationally, indicating underperformance, with varied investment risk across hotel classes. The report analyzes key metrics like occupancy, ADR, and RevPAR, providing insights into different hotel classes’ performance. Click here to view a shortened preview of the report.

Tucson, AZ – 2025 Q1

The MarketCompass Lodging Report for Tucson, AZ, 1Q 2025 analyzes the city’s diverse economy and lodging market performance. Tucson showcases robust job growth, driven significantly by the University of Arizona’s expansion. The leisure and hospitality sector faces a tightening labor market. The report ranks Tucson in the 54th percentile nationally. It details key metrics like occupancy, ADR, and RevPAR across different hotel classes, highlighting strengths and challenges for each. It further examines brand representation, investment rates, air passenger throughput, published rates, and general CRE performance. The report concludes with a forward-looking perspective on Tucson’s economic drivers, including aerospace manufacturing and housing activity. Click here to view a shortened preview of the report.

Tampa, FL – 2025 Q1

The MarketCompass Lodging Report for Tampa, FL in 1Q 2025 highlights the region’s resilient economy, driven by tourism and healthcare, despite facing challenges like high interest rates. The report analyzes key metrics, brand representation, investment rates, air passenger throughput, and CRE performance. It provides detailed insights into various hotel classes, including luxury, upper upscale, and economy, ranking their performance and identifying strengths and challenges. The report also examines occupancy, guest-paid ADR, and RevPAR trends from 1990 to March 2025, offering a comprehensive overview for stakeholders navigating the evolving market dynamics. Click here to view a shortened preview of the report.

Syracuse, NY – 2025 Q1

The MarketCompass Lodging Report for Syracuse, NY in 1Q 2025 analyzes the city’s hotel market, considering the local economy, key performance indicators, and various hotel classes. Syracuse’s economy is evolving, with healthcare and professional services growing, while manufacturing is bolstered by defense spending and potential semiconductor investment. The report ranks Syracuse’s lodging market as “Under-Performing” compared to other US hotel markets. It dives into specific classes—Luxury to Economy—assessing strengths, challenges, and notable rankings. Occupancy, ADR, and RevPAR trends are tracked from 1990 through March 2025, providing insight into the hotel market’s performance and potential investment opportunities. Click here to view a shortened preview of the report.

South Carolina State Area – 2025 Q1

The MarketCompass Lodging Report for 1Q 2025 focuses on the South Carolina State Area lodging market, examining performance across various classes from Luxury to Economy. Greenville’s economy, driven by healthcare and manufacturing, faces low-wage job challenges, potentially impacting future investment. The region ranks moderately among the top US hotel markets. The report analyzes occupancy, ADR, and RevPAR trends from 1990 through March 2025. It details strengths and challenges for each hotel class, including notable rankings in COVID recovery, demand change, and transaction pricing, offering insights for investors amid shifting market dynamics. Click here to view a shortened preview of the report.

Seattle, WA – 2025 Q1

The MarketCompass Lodging Report for Seattle, WA in 1Q 2025 analyzes the area’s hotel market. Despite a diverse economy, a struggling tech sector is expected to dampen hotel demand through 2025, impacting investment strategies. The Seattle market is ranked in the 86th percentile nationally, indicating stable growth potential. The report breaks down performance by hotel class, including luxury, upper upscale, upscale, upper midscale, midscale, and economy. It also covers brand representation, investment rates, air passenger throughput, published rates, and general commercial real estate performance. The report includes data tables on occupancy, ADR, and RevPAR. Click here to view a shortened preview of the report.

Savannah, GA – 2025 Q1

The MarketCompass Lodging Report for Savannah, GA in 1Q 2025 indicates a moderate market performance. Savannah’s economy is rebounding, driven by government payrolls and a strong transportation/warehousing sector due to the Port of Savannah. However, the leisure/hospitality sectors face challenges. Tourism is vital, with anticipated new luxury hotel developments. Labor shortages pose a threat, requiring effective management by hotel operators to maintain service quality. The report analyzes key metrics, brand representation, investment rates/risks, air passenger throughput, CRE performance, and provides a forecast. It also ranks hotel classes and largest hotels. Click here to view a shortened preview of the report.

AsiaPac Shop

Premium Reports

Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today’s dynamic hotel and tourism markets.

APAC Resort Market Annual Study 2024

Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today’s dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand. Conducted in cooperation with local tourism organizations and hotel associations, the surveys enjoy a high participation rate from properties of varying sizes, brands, and quality level. Data is collected, compiled, analyzed, and presented by relevant and meaningful industry standards of comparison, including segmented categories based on achieved average daily room rate, hotel room count and location. Key sections in the study include: Detailed departmental revenue, expenses and profitability ratios by rate, size, and location categories. Key marketing statistics, including market mix guest profiles, and reservation/sales sources. Other information pertinent to individual destination markets, such as labor cost/productivity and food and beverage operation statistics. Based on the Uniform System of Accounts for the Lodging Industry, Horwath HTL Hotel Industry Survey of Operations not only tracks the operating and financial characteristics of specific hotel markets, but also sets consistent standards for benchmarking as a management tool for measuring and improving individual property performances by providing an invaluable source of industry information that would otherwise be difficult to obtain. A summary of the report can be viewed here: 2024 APAC Resort Markets Summary

ASEAN Key Markets Annual Study 2024

Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today’s dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand. Conducted in cooperation with local tourism organizations and hotel associations, the surveys enjoy a high participation rate from properties of varying sizes, brands, and quality level. Data is collected, compiled, analyzed, and presented by relevant and meaningful industry standards of comparison, including segmented categories based on achieved average daily room rate, hotel room count and location. Key sections in the study include: Detailed departmental revenue, expenses and profitability ratios by rate, size, and location categories. Key marketing statistics, including market mix guest profiles, and reservation/sales sources. Other information pertinent to individual destination markets, such as labor cost/productivity and food and beverage operation statistics. Based on the Uniform System of Accounts for the Lodging Industry, Horwath HTL Hotel Industry Survey of Operations not only tracks the operating and financial characteristics of specific hotel markets, but also sets consistent standards for benchmarking as a management tool for measuring and improving individual property performances by providing an invaluable source of industry information that would otherwise be difficult to obtain. A summary of the report can be viewed here: 2024 ASEAN Key Markets 2024 Summary

Asia Pacific Serviced Apartment Annual Study 2024

Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today’s dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand. Conducted in cooperation with local tourism organizations and hotel associations, the surveys enjoy a high participation rate from properties of varying sizes, brands, and quality level. Data is collected, compiled, analyzed, and presented by relevant and meaningful industry standards of comparison, including segmented categories based on achieved average daily room rate, hotel room count and location. Key sections in the study include: Detailed departmental revenue, expenses and profitability ratios by rate, size, and location categories. Key marketing statistics, including market mix guest profiles, and reservation/sales sources. Other information pertinent to individual destination markets, such as labor cost/productivity and food and beverage operation statistics. Based on the Uniform System of Accounts for the Lodging Industry, Horwath HTL Hotel Industry Survey of Operations not only tracks the operating and financial characteristics of specific hotel markets, but also sets consistent standards for benchmarking as a management tool for measuring and improving individual property performances by providing an invaluable source of industry information that would otherwise be difficult to obtain. A summary of the report can be viewed here: 2Serviced Apartment Annual Study 2024 Summary

Australia Annual Study 2024

Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today’s dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand. Conducted in cooperation with local tourism organizations and hotel associations, the surveys enjoy a high participation rate from properties of varying sizes, brands, and quality level. Data is collected, compiled, analyzed, and presented by relevant and meaningful industry standards of comparison, including segmented categories based on achieved average daily room rate, hotel room count and location. Key sections in the study include: Detailed departmental revenue, expenses and profitability ratios by rate, size, and location categories. Key marketing statistics, including market mix guest profiles, and reservation/sales sources. Other information pertinent to individual destination markets, such as labor cost/productivity and food and beverage operation statistics. Based on the Uniform System of Accounts for the Lodging Industry, Horwath HTL Hotel Industry Survey of Operations not only tracks the operating and financial characteristics of specific hotel markets, but also sets consistent standards for benchmarking as a management tool for measuring and improving individual property performances by providing an invaluable source of industry information that would otherwise be difficult to obtain. A summary of the report can be viewed here: Australia Annual Study 2024 Summary

Events

MIPIM

10th March – 14th February 2025

MIPIM influences and accelerates the transformation of the built environment by crafting a unique, week-long urban festival in Cannes. Here, face-to-face discussions, workshops and panels offer inspiration and thought-leadership, while creating opportunities to exchange experiences and drive business and professional growth. As a reference point for the global real estate industry, MIPIM provides unique access to global capital and concrete solutions for making assets more sustainable and resilient in a rapidly changing world.

Palais de Festival, Cannes

Hunter

18th March – 20th March 2025

Join more than 2,000 hospitality professionals at the Hunter Hotel Investment Conference, where you can engage in valuable education and networking opportunities tailored for hotel owners, developers, and investors.

Marriott Marquis Atlanta

IHIF EMEA

31st March – 2nd April 2025

2025 Theme Announced – Own the Moment With declining interest rates, strong fundamentals, and increasing liquidity, hospitality stands out as a resilient, high-growth asset class for investors. IHIF EMEA 2025 offers a unique platform to navigate the evolving business landscape with its curated tracks, innovative formats, and deep content. By prioritizing networking, knowledge sharing, and collaboration, the event empowers attendees to drive forward momentum amid global challenges. Now is the time to seize the moment, prepare for the new deal cycle, and shape the future of hospitality investment.

Intercontinental Berlin