Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Erich Baum
HVS Anarock India Hospitality Industry Review February 2025 Original
Key highlights: January 2025: 2025 has begun on a strong note for the Indian hotel sector, with occupancy rising by 2-4 percentage points year-on-year (y-o-y) in January 2025. Average Room Rates (ARR) also continued their upward momentum, registering a 10-12% y-o-y growth, reaching ₹9,100-9,300. These increases have resulted in RevPARs also increasing by 15-17%, reaching ₹ 6,006-6,324, reflecting sustained demand and pricing power.
HVS Market Report - What is Contributing to the Dynamic Growth of Montréal’s Hotel Supply and Demand?- By Léa Vaksma , Monique Rosszell Original
The Montréal hotel market has made a strong comeback from the pandemic, experiencing a 4.6% rise in room supply, in contrast to the declines in Downtown Toronto and Vancouver. This expansion, combined with a rebound in air travel, extensive hotel renovations, and effective tourism promotion, has positioned Montréal as the most resilient market. With substantial investments and a thriving meetings and events sector, the city’s hotel industry is undergoing a significant evolution.
Homewood Suites By Hilton Houston NW at Beltway 8 in Houston, TX Listed for Sale
Homewood Suites by Hilton Houston NW at Beltway 8 - Image Credit HVS HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 125-key Homewood Suites by Hilton Houston NW at Beltway 8, a highly coveted extended-stay hotel located in Northwest Houston.
Holiday Inn Express & Suites Cleveland in Cleveland, TX Listed for Sale
Holiday Inn Express & Suites Cleveland in Cleveland, TX - Image Credit HVS HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 68-key Holiday Inn Express & Suites Cleveland, a limited-service hotel in Cleveland, Texas, which is part of the Houston–The Woodlands–Sugar Land Metropolitan Statistical Area (MSA).
Navigating Challenges and Opportunities: A Closer Look at the Hotel Industry in Europe
Navigating Challenges and Opportunities: A Closer Look at the Hotel Industry in Europe - Image Credit Unsplash Rising costs and changes in demand present significant challenges for the UK and European hotel industry. Some predict that economic stress in the U.S. could lead to fewer Americans traveling to these regions.
Hotel Industry Executives Call for Better Communication to Attract and Retain Top Talent
Hotel Executives Emphasize Need for Improved Communication to Retain Quality Staff - Image Credit Unsplash+ Hotel executives advocate for improved storytelling and representation to attract new talent and improve the industry's reputation. The challenges of the labor market and housing and the need for proper corporate culture are crucial factors in employee acquisition and retention.
Hotels Leverage Technology and Flexibility to Capitalize on Corporate Events Resurgence
Adelaide Marriott Hotel introduces AI-driven event technology - Image Credit Marriott International The hotel sector is witnessing a surge of confidence, driven by the resurgence of corporate events. A survey by JLL reveals that more than 80% of hotel operators in the Asia Pacific region predict an uptick in revenue from meetings, incentives, conferences, and exhibitions (MICE) by 2025.
Business Travel Industry Kicks Off 2025 with Optimism Amid Evolving Challenges, According to Latest GBTA Poll
Business Travel Industry Kicks Off 2025 with Optimism Amid Evolving Challenges, According to Latest GBTA Poll - Image Credit GBTA Results highlight growth in travel volume and spend; AI awareness, sustainability adoption and workforce shifts also among key findings Professionals in the business travel industry look forward to an engaged and productive year, according to the first Business Travel Outlook Poll of 2025, released today by the Global Business Travel Association (GBTA).
IHG and Pacini Group Join Forces to Bring Garner Hotel Brand to Italy
Image (left to right): Fabrizio Piolanti (Development Director, IHG Hotels & Resorts) & Emidio Pacini (Owner & CEO, Pacini Group S.p.a) - Image Credit IHG Hotels & Resorts HG Hotels & Resorts is expanding its midscale conversion brand, Garner Hotels, in Southern Europe by rebranding a Pacini Group property into Garner Hotel Rome Aurelia. IHG Hotels & Resorts (IHG) is advancing its expansion strategy across Southern Europe by transforming a Pacini Group property to Garner Hotel Rome Aurelia.
Mandarin Oriental to Strengthen Chinese Presence with New Suzhou Hotel in 2026
Mandarin Oriental, Suzhou - Image Credit Mandarin Oriental Mandarin Oriental Hotel Group is set to manage a new luxury hotel in Suzhou, China, which is projected to open in 2026. This addition solidifies Mandarin Oriental's mainland China portfolio. It underscores Mandarin Oriental's commitment to expanding its presence in China's significant tourism, culture, science, and education hub, further complementing its growing portfolio in the Yangtze River Delta.
Radisson Hotel Group Debuts Park Inn & Suites Brand in Bengaluru
Park Inn & Suites by Radisson Bengaluru Yelahanka - Image Credit Radisson Hotel Group Radisson Hotel Group has inaugurated its Park Inn & Suites brand in Bengaluru, marking its second operational hotel under this brand in India. The launch is part of the group's strategic partnership with Treebo Hospitality Ventures (THV) and its plan to establish 150 hotels under this brand globally over the next decade.
The Radisson Collection Hotel, Berlin Opens in Germany
Living Tree at the Radisson Collection Hotel, Berlin - Image Credit Radisson Hotel Group The Radisson Collection Hotel, Berlin, a new landmark in Berlin's Mitte district, is now open. Its strategic location and unique amenities, such as the "Living Tree" installation, make it a significant addition to Radisson Hotel Group's expanding portfolio.
Emerging Optimism Sweeps the Global Travel Industry at ITB Berlin 2025
Emerging Optimism Sweeps the Global Travel Industry at ITB Berlin 2025 - Image Credit ITB Berlin ITB Berlin 2025, the world's leading travel trade show, underscores the industry's recovery and growth, with a record number of international exhibitors from 165 countries, innovative new formats, and strong growth in key travel segments. ITB Berlin 2025, the world's leading travel trade show, is showcasing a positive industry outlook with 95% of display areas booked even before the trade show begins.
Elatos Resort in Greece to Join Accor's Emblems Collection
Elatos Resort in Greece - Image Credit Accor Accor has announced that Elatos Resort, a luxury chalet in Greece's alpine region, will join the Emblems Collection. Located in the picturesque landscapes of Mount Parnassus, Elatos Resort offers a unique combination of nature, heritage, and modern sophistication. The area, known for its pristine slopes, lush forests, and cultural importance, is a popular attraction for winter sports enthusiasts, nature lovers, and those seeking peace and tranquility.
Spirit Airlines Rejects Restructuring Proposal from Frontier Original
Spirit Airlines has announced its decision to reject a new proposal for an alternative restructuring plan submitted by Frontier Group Holdings, parent company of Frontier Airlines. This decision comes as a part of Spirit's ongoing restructuring process. Frontier's proposal, submitted on February 4, 2025, offered Spirit stakeholders $400 million in second-lien debt and 19.0% of Frontier's common equity post the proposed combination.
Hong Kong Airlines Set to Launch Direct Service to Sydney
Mr Jeff Sun, President of Hong Kong Airlines, presented a souvenir to Mr Scott Charlton, CEO of Sydney Airport. Hong Kong Airlines has announced the launch of a new direct service to Sydney, Australia, starting on June 20, 2025. This makes it the second Hong Kong-based airline to operate the popular route, which is expected to increase convenience for passengers and promote market competition.
1 Hotel Seattle to Open April 1st
Studio Suite at 1 Hotel Seattle Credit: Kelsey Bumsted 1 Hotels has announced that reservations for the 1 Hotel Seattle, a sustainable luxury hotel in the South Lake Union neighborhood, will open in April 2025. 1 Hotels, a brand known for its nature-inspired luxury lifestyle, has recently announced that reservations for 1 Hotel Seattle are now open.
Paris Hotel Industry Hits January Record Highs Amidst New Year Celebrations and Major Events Original
Paris Hotel Industry Hits January Record Highs Amidst New Year Celebrations and Major Events - Image Credit Unsplash New Year's festivities and a series of major events in Paris have led to all-time high hotel revenue and average daily rates for January. The second night of Menswear Paris Fashion Week and the first night of Pharmapack resulted in an occupancy high of 84.7% and rates above EUR400 for three consecutive nights.
European Hotel Sector Experiences Boom with Record-High Projects and Conversions Original
The city with the largest pipeline is London, with 77 projects (14,820 rooms) - Image Credit Hyatt The European hotel sector is experiencing a surge in growth, with 1,661 projects in the pipeline and a 26% increase in property conversions at the end of Q4 2024. The latest Europe Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the end of Q4 2024, Europe’s total hotel construction pipeline comprised 1,661 projects, which equates to 244,464 rooms.
U.S. Hotel Industry Sees Performance Dip for Week Ending February 8, 2025, Despite Boost from Super Bowl LIX Original
U.S. Hotel Industry Sees Performance Dip for Week Ending February 8, 2025, Despite Boost from Super Bowl LIX - Image Credit Unsplash The U.S. hotel industry reported a slight decrease in key performance metrics, with occupancy, average daily rate (ADR), and revenue per available room (RevPAR) all down from the same week in 2024. The Super Bowl LIX held in New Orleans resulted in significant increases in all three metrics for the city, contrasting with the overall industry trend.
HVS Global Perspectives: Our 2025 Outlooks
HVS Global Perspectives: Our 2025 Outlooks - Image Credit Unsplash Our views around the world reflect early optimism for 2025, with the anticipation of stronger transaction activity and modestly improving hotel metrics in most regions. Asia-Pacific Region Outlook By Hok Yean Chee, HVS President – Asia Pacific The hotel industry in the Asia Pacific (APAC) is forecast to continue its post-pandemic recovery in 2025, albeit at a more modest pace compared to previous years.
Travel Spending Drops amid Financial Caution, TikTok Still Inspires American Travelers Original
According to a recent report, American travelers are increasingly cautious about spending money on travel. Future Partners conducted the research, which gathered data from over 4,000 American travelers in January 2025. Despite optimism about personal financial outlooks remaining high, with 51.5% of American travelers expecting to be better off financially next year, the percentage of those who feel they are financially better off than a year ago fell below 30%.
Tapestry Collection by Hilton Marks 150th Hotel Milestone with Global Expansion
Tumbi West Palm Beach Hotel Dubai, Tapestry Collection by Hilton - Image Credit Hilton In a significant milestone, the Tapestry Collection by Hilton announced the opening of its 150th hotel at the end of 2024, underscoring a strong trajectory for future global expansion.
HVS Boston Hotel Market Update: Ten Things to Know for 2025 - By Erich Baum and Brian F. Bisema
HVS Boston Hotel Market Update: Ten Things to Know for 2025 - Image Credit Unsplash The Boston lodging market continues to progress, steadily closing the gap on pre-pandemic RevPAR levels (inflation adjusted). With the new-construction pipeline empty and a record year anticipated in the convention sector, the market’s future is among the brightest in the nation. According to STR, Greater Boston’s revenue per available room (RevPAR) finished 2024 approximately 17% higher than the 2019 level.
Boston Hotel Market Update: Ten Things to Know for 2025
The Boston lodging market continues to progress, steadily closing the gap on pre-pandemic RevPAR levels (inflation adjusted). With the new-construction pipeline empty and a record year anticipated in the convention sector, the market’s future is among the brightest in the nation. According to STR, Greater Boston’s revenue per available room (RevPAR) finished 2024 approximately 17% higher than the 2019 level. National inflation, measured by the CPI-U, was approximately 23% over the same period.
Boston Hotel Market Update: Ten Things to Know for 2025
The Boston lodging market continues to progress, steadily closing the gap on pre-pandemic RevPAR levels (inflation adjusted). With the new-construction pipeline empty and a record year anticipated in the convention sector, the market’s future is among the brightest in the nation. According to STR, Greater Boston’s revenue per available room (RevPAR) finished 2024 approximately 17% higher than the 2019 level. National inflation, measured by the CPI-U, was approximately 23% over the same period.
HVS Anarock India Hospitality Industry Review May 2024
HVS Anarock India Hospitality Industry Review May 2024 Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry. Key highlights include: In April 2024, domestic air passenger traffic in India reached 132 lakhs, marking a 2.4% increase compared to April 2023. Goa witnessed the largest year-on-year decline in occupancy rate, while Kolkata registered the highest growth during the month.
La Quinta Inn & Suites by Wyndham Houston Northwest Brookhollow in Houston, TX Listed for Sale
La Quinta Inn & Suites by Wyndham Houston Northwest Brookhollow HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 102-key La Quinta Inn & Suites by Wyndham Houston Northwest Brookhollow, a recently renovated limited-service hotel asset in Houston, Texas, with a minimal change-of-ownership PIP expected.
First Swiss International Residences in Pakistan Breaks Ground in Lahore
First Swiss International Residences in Pakistan Breaks Ground in Lahore Swiss International Residences commences construction in Lahore, anticipated to open doors on January 1, 2027 Swiss International Hotels & Resorts announced the groundbreaking ceremony of the first Swiss International Residences in Lahore, Pakistan, a significant expansion of its luxury and service into the Pakistani market.
Marriott International and Delonix Group Announce First Three Agreements to Further Expand Tribute Portfolio in China
Grand New Century Hotel, Chongqing, a Tribute Portfolio Hotel Grand New Century Hotel, Chongqing, a Tribute Portfolio Hotel Wonderland Resort, Hangzhou Jiande, a Tribute Portfolio Resort As part of the strategic cooperation agreement, the first three deals expected to mark the Tribute Portfolio's brand debut in Hangzhou and Chongqing Marriott International, Inc.
Hotel Okura to Add over 500 Rooms in Thailand, Including Chiang Mai
AWC CEO and President Wallapa Traisorat (center left) and Hotel Okura President Toshihiro Ogita (center right) at signing ceremony Hotel Okura Co., Ltd.
Tivoli Palazzo Gaddi Hotel in Florence, Italy to Open in June
Tivoli Palazzo Gaddi Hotel in Florence, Italy Tivoli Hotels & Resorts announces the brand's expansion in Italy with the addition of a historical property in Florence - Tivoli Palazzo Gaddi Firenze Hotel. A luxury palace from the 16th century, the property has recently been restored and is scheduled to launch as Tivoli in June.
HVS Hotel Market Report - Venice, Italy - By Lorenzo Gullotta, Giammarco Pignocchi and Ezio Poinelli
HVS Hotel Market Report - Venice, Italy A snapshot of the Venice hotel market performance in 2023, exploring airport arrivals, tourism demand, hotel KPIs, future supply, recent transactions and future outlook. Introduction The resurgence of travel activity in Venice following the years afflicted by the COVID-19 pandemic has not only been a sign of recovery but also an indicator of evolving trends within the city's tourism sector.
Hotel Cap Rates: Adjusting to a New Reality & By Erich Baum
A capitalization rate (cap rate) is a shorthand expression of a given investment’s return and represents the weighted average return to the debt and equity positions. As detailed in this article, hotel cap rates are higher than they’ve been in recent years and are unlikely to decline anytime soon.
Hotel Cap Rates: Adjusting to a New Reality
A capitalization rate (“cap rate”) is a shorthand expression of a given investment’s return and represents the weighted average return to the debt and equity positions. As detailed in this article, hotel cap rates are higher than they’ve been in recent years and are unlikely to decline anytime soon.
Marriott's Revenue and Tech Chief on Travel Retail Ambition
Marriott's Revenue and Tech Chief on Travel Retail Ambition Just a few weeks ago, Marriott International began testing a search with an artificial intelligence tool on its Homes & Villas website. The initiative is based on natural language search and enables users to describe what they want from a vacation.
Hotel Cap Rates: Adjusting to a New Reality
By Erich Baum A capitalization rate (“cap rate”) is a shorthand expression of a given investment’s return and represents the weighted average return to the debt and equity positions. As detailed in this article, hotel cap rates are higher than they’ve been in recent years and are unlikely to decline anytime soon.
Hotel Cap Rates: Adjusting to a New Reality
A capitalization rate (“cap rate”) is a shorthand expression of a given investment’s return and represents the weighted average return to the debt and equity positions. As detailed in this article, hotel cap rates are higher than they’ve been in recent years and are unlikely to decline anytime soon.
HVS Hotel Industry Outlook 2024: Moving Steadily Forward - By Anne R. Lloyd-Jones and McKenna Luke
With inflation decelerating, fears of a recession receding, and supply growth muted, the overall outlook for U.S. hotel metrics in 2024 is one of modest, steady growth. The investment market is also showing increased signs of life, as inflationary concerns are diminishing and interest rates are improving modestly. The U.S. lodging industry ended 2023 at 63.0% occupancy, a slight increase over 2022’s 62.7%.
HVS Market Report - Resilience Renewed: The Transformation of the Portland, Oregon Hotel Market - By Eileen Bosworth Original
In 2023, Portland's hotel demand faced setbacks from public safety concerns and absorption of new hotel supply. However, initiatives like the Hotel Security District and a government task force addressing homelessness signaled change. The opening of the Ritz-Carlton Hotel & Residences and several upcoming events contribute to a cautiously optimistic 2024 outlook.
Best Western Plus Lake Jackson Inn & Suites in Lake Jackson, TX Offered For Sale
Best Western Plus Lake Jackson Inn & Suites HVS, as the sole and exclusive advisory firm to ownership, present thes opportunity to acquire the 64-key Best Western Plus Lake Jackson Inn & Suites, a limited-service hotel asset in Lake Jackson, Texas. Lake Jackson is situated approximately 55 miles south of Houston, and its economy is anchored by the petrochemical industry.
HVS Europe Hotel Transactions Bulletin Week Ending 15 December 2023
Barcel√≥ Group acquires Hotel Felipe IV in Valladolid, Spain A summary of European hotel transactions provided by HVS Prodea to acquire a further 55% stake in MHV from Cypriot group Yoda Greek real estate investment company Prodea has entered an agreement to acquire an additional 55% stake in Mediterranean Hospitality Venture PLC (MHV) from Cypriot investment conglomerate Yoda PLC, which will bring Prodea’s total stake in MHV to 80%.
HVS India - Roaring Success and Silent Struggles: The Dynamics of Wildlife Tourism in India - By Adit Atroley and Dipti Mohan Original
Roaring Success and Silent Struggles: The Dynamics of Wildlife Tourism in India Wildlife tourism in India is experiencing a strong comeback, evolving into a luxury experience. Eco-friendly accommodations have been leveraging this growing demand, offering distinctive experiences with minimal ecological impact. Read on to know more.
$250M+ Six Senses Residences Grand Bahama Development to Start Sales in Q1 2024
$250M+ Six Senses Residences Grand Bahama Development to Start Sales in Q1 2024 Weller Development Partners, a DC-based full-service development firm, announced today its strategic partnership with leading real estate brokers, HG Christie, and Bespoke Real Estate, to handle the branded residential sales for the $250M+ Six Senses Residences Grand Bahama development.
HVS Boston Hotel Market Update: Ten Things to Know - By Erich Baum
Boston Hotel Market Update: Ten Things to Know Boston is back. The three key demand channels have returned to an approximation of their pre-pandemic levels (conventions and business travel up, leisure down), and the city’s RevPAR has improved to third in the nation, supplanting Miami and various West Coast rivals. Here are ten things to know about the city. Boston’s revenue per available room (RevPAR) is on pace to finish 2023 at approximately 110% of its 2019 level.
Boston Hotel Market Update: Ten Things to Know
Boston is back. The three key demand channels have returned to an approximation of their pre-pandemic levels (conventions and business travel up, leisure down), and the city’s RevPAR has improved to third in the nation, supplanting Miami and various West Coast rivals. Here are ten things to know about the city. Boston’s revenue per available room (RevPAR) is on pace to finish 2023 at approximately 110% of its 2019 level.
Boston Hotel Market Update: Ten Things to Know
Boston is back. The three key demand channels have returned to an approximation of their pre-pandemic levels (conventions and business travel up, leisure down), and the city’s RevPAR has improved to third in the nation, supplanting Miami and various West Coast rivals. Here are ten things to know about the city. Boston’s revenue per available room (RevPAR) is on pace to finish 2023 at approximately 110% of its 2019 level.
Portsmouth, NH Shakes Off Pandemic-Era Rust & Shows Promise for Future
By Erich Baum As recently as the 1980s, Portsmouth, New Hampshire, was a rowdy military town with empty storefronts. Construction of the Sheraton Harborside (completed in 1988) required subsidies to pencil out, and another twenty years passed before the Hilton Garden Inn followed, without help from the public.
Portsmouth, NH Shakes off Pandemic-Era Rust & Shows Promise for Future
As recently as the 1980s, Portsmouth, New Hampshire, was a rowdy military town with empty storefronts. Construction of the Sheraton Harborside (completed in 1988) required subsidies to pencil out, and another twenty years passed before the Hilton Garden Inn followed, without help from the public.
Portsmouth, NH Shakes off Pandemic-Era Rust & Shows Promise for Future
As recently as the 1980s, Portsmouth, New Hampshire, was a rowdy military town with empty storefronts. Construction of the Sheraton Harborside (completed in 1988) required subsidies to pencil out, and another twenty years passed before the Hilton Garden Inn followed, without help from the public.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Erich
Contact Erich, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack