Feb
19

Hotels Expected to Flourish in 2014

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Benefiting from unprecedented growth in 2013—and even faster overall economic growth anticipated this year—the hotel sector can bet on gaining still more guests and higher revenues this year.

That’s among the findings in two new reports: Lodging Econometrics’ fourth quarter US hotel transactions summary and Marcus & Millichap’s hospitality research quarterly update.

Says the former: the lodging industry reached an estimated total investment of 21.8 billion in 2013, marking its highest level since 2009. Better, it is expected to accelerate higher in 2014 and subsequent years.

For 2013, 1,171 hotels were sold or transferred, a decrease of 19% year-over-year, the report states. Previously, total transactions and property transfers peaked at 3,218 hotels—or 441,613 rooms—in 2007, then precipitously fell to a bottom of 528 hotels/ 60,804 rooms in 2009, a decrease of 84%.

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