Editor’s Letter – Real Estate Edition

April 2022

Upward view of skyscrapers against a cloud blue sky in the business district area of downtown Houston, Texas, US.
By Trong Nguyen on Shutterstock

By: Kaushik Vardharajan, Director, Real Estate Program, Boston University School of Hospitality Administration

We are now entering the third year of the Covid-19 pandemic that has resulted in more than 470 million cases and 6.1 million deaths around the world, per the World Health Organization. While the hospitality industry’s worst fears at the start of the pandemic came true, such as an almost total collapse of demand and large-scale layoffs, there have also been some surprises, such as the aggressive return of leisure demand and a serious labor shortage. There have also been far fewer distressed hotel sales than expected at the beginning of the pandemic. On the contrary, we have seen numerous hotel transactions in the US in the last 12-18 months that have set new records on a per-room price basis, especially in leisure markets. 

In this Real Estate edition of the Boston Hospitality Review, Charlotte Kang, Managing Director, Valuation & Advisory Services Group, Jones Lang LaSalle presents an overview of historical global hotel transactions and shares an outlook for transactions in 2022 and an analysis of the factors that will impact them. We also hear from Rod Clough, President, Americas, HVS who explores the recovery of hotel markets across the US and presents an outlook for hotel performance and valuation trends in the future. One part of the hospitality industry that has received significant attention and focus during the pandemic is the Wellness sector, and while there is great interest among investors and hotel brands to jump onto the bandwagon, many lack either a clear understanding of what Wellness means or how to incorporate wellness into their developments. Ingo Schweder, Founder & CEO at GOCO Hospitality and Managing Director of Horwath HTL Health & Wellness, presents a blueprint for developing successful wellness landscapes via a case study on the historic Glen Ivy Hot Springs Resort in Corona, CA. 

While the hospitality industry’s greatest concern during the initial phase of the pandemic centered around the pace and timing of recovery in demand, we have seen a strong resurgence in leisure markets and, while slower, an increase in demand in major urban markets that depend on commercial and convention demand. The greatest challenge hotels face today is the shortage of people willing to work in the industry – one that does not have an easy fix. While factors such as demand, supply, interest rates, and valuations are all cyclical in nature, how our industry addresses the labor shortage and finds a long-term solution will impact all these factors, as well as what hospitality will look like in the future.

43 comments

  1. Microsoft AZ-305 Dumps Questions are a collection of questions and answers designed to help individuals prepare for Microsoft’s AZ-305 certification exam. The questions are based on real-life scenarios, allowing individuals to gain a comprehensive understanding of the material covered in the exam. Microsoft AZ-305 covers a variety of topics related to Microsoft Azure, including deployment models, services, and technologies. It also covers the design, implementation, and management of Azure solutions. The questions are designed to test individuals on their knowledge of the topics and to ensure that they are well-prepared for the certification exam. With a comprehensive set of questions and answers, individuals can confidently prepare for the exam and increase their likelihood of success.

    Visit Page: https://www.exactinside.com/AZ-305-exactdumps.html

  2. The replies on this forum caught me off, guard. I am very happy to have connected with people who share the same passion as me. Let’s play fnaf security breach together so we can discover new passions. We will see you at the game.

  3. This guide is about Azure solutions. It includes topics like design, implementation, and management. The questions are meant to test your knowledge and readiness for the certification exam. With a wide range of questions and answers, you can prepare well for the exam and improve your chances of passing. sell house for cash denver

  4. This guide talks about Azure solutions. It covers things like planning, making, and taking care of them. The questions are there to check how much you know and if you’re ready for the certification test. There are lots of questions and answers, so you can get ready for the test and make it more likely that you’ll pass. move select

  5. This is great! I really like it and find it useful. I’ll save it as a favorite, and when I have a real estate client, I’ll use this checklist. Your points are excellent. Having pictures and videos is crucial, and being listed is important too. I believe in creating citations to be listed. 1 bedroom apartment for rent Siem Reap

  6. As we navigate the third year of the Covid-19 pandemic, the hospitality industry has witnessed a complex landscape. From the collapse of demand to surprising returns of leisure travelers and a concerning labor shortage, the industry has been resilient. The real estate aspect is equally intriguing, with unexpected records in hotel transactions, especially in leisure markets. Commercial real estate is currently strengthening its position in the market. This is especially noticeable in Quarry Bay https://www.matchoffice.hk/lease/coworking/quarry-bay.

  7. efforts worldwide were underway to vaccinate against COVID-19, and multiple vaccines had been developed and authorized for emergency use in various countries. Vaccination campaigns were ongoing to achieve widespread immunity and control the spread of the virus website.

  8. This guide is about Azure solutions. It includes topics like design, implementation, and management. The questions are meant to test your EICR Certificate Cost knowledge and readiness for the certification exam. With a wide range of questions and answers, you can prepare well for the exam and improve your chances of passing

  9. This is great! I really like it and find it useful. I’ll save it as a favorite, and when I have Waterproof TV Monitor as a real estate client, I’ll use this checklist. Your points are excellent. Having pictures and videos is crucial, and being listed is important too. I believe in creating citations to be listed.

  10. efforts worldwide were underway to vaccinate against COVID-19, and multiple vaccines had been developed Lekki houses for sale and authorized for emergency use in various countries. Vaccination campaigns were ongoing to achieve widespread immunity and control the spread of the virus website.

  11. This guide talks about Azure solutions. It covers things like planning, making, and taking care of them. The questions are there to check public insurance claims adjuster how much you know and if you’re ready for the certification test. There are lots of questions and answers, so you can get ready for the test and make it more likely that you’ll pass.

  12. Okay post Holly. I am as yet holding up to get my first taste of that sweet house shopping fix. I know I won’t be in a position to redesign from that first home for quite a while however. So it’ll must be one dependence that I’ll need to compel myself to go without any weaning period on after that first taste. Palm Desert construction

  13. Okay post Holly. I am as yet holding up to get my first taste of that sweet house shopping fix. I know I won’t be in a position to redesign from that first cheap apartments in Los Angeles home for quite a while however. So it’ll must be one dependence that I’ll need to compel myself to go without any weaning period on after that first taste.

  14. beneath the glossy surface lies a tapestry woven with intricate legalities, market volatility, and the ever-fluctuating demand-supply tango. Trends dictate preferences, transforming barren lands into thriving communities or redefining urban landscapes with futuristic architecture. The heartbeat of the real estate market syncs with the pulse of societal needs, responding to changing demographics, technological advancements, and environmental considerations.Melvin

  15. Okay post Holly. I am as yet holding up to get my first taste of that sweet house shopping fix. I know I won’t be in a position to redesign The Kenmore from that first home for quite a while however. So it’ll must be one dependence that I’ll need to compel myself to go without any weaning period on after that first taste.

  16. As a landlord or property investor, it’s crucial to recognize the importance of efficient property management in this process. Utilizing property management software can be a game-changer, streamlining tasks such as tenant screening, rent collection, and maintenance scheduling. Sora

  17. beneath the glossy surface lies a tapestry woven with intricate legalities, market volatility, and the ever-fluctuating demand-supply tango. Trends dictate preferences, transforming barren lands into thriving communities or redefining urban landscapes with futuristic architecture. The heartbeat of the real estate market syncs with the pulse of societal needs, responding to changing demographics, technological advancements, and environmental considerations Bali Villas For Sale

  18. Real estate is a sprawling domain that intertwines with human aspirations, economic fluctuations, and societal evolution. It’s not just about properties; it’s a reflection of our desires, dreams, and financial prudence. The landscape of real estate is as diverse as the people it serves. The Arcady

  19. Yes, this post of Real Estate Tech Trends, which are so developing and creative for all. But there are also very beneficial and authentic Cars in Pakistan available from them very easy procedures. Lumina Grand

  20. The real estate aspect is equally intriguing, with unexpected records in hotel transactions, especially in leisure markets. Commercial real estate is currently strengthening its position in the market. Jansen House

  21. The property has easy access to major highways, making commuting convenient for residents. Let me know if you’d like more house to buy in abuja information on the local schools and their ratings. I recommend obtaining a home warranty to protect your investment and provide peace of mind.

  22. The ultimate goal of online sociology research paper writing services is to provide Sociology Assignment Writing Services and sociology essay writing services since most sociology term paper writing service students lack time to complete their custom sociology coursework writing services.Jervois Treasures

  23. It would take grandchildren for me to leave such a beautiful home. ~wink~ I would love to be able to retire to where my daughter and son-in-law are (with the grands), but being in the ministry, there is no guarantee where they will be six months from now. I know your sister and brother-in-law are in for a great life adventure. Valencia rentals

  24. This is great! I really like it and find it useful. I’ll save it as a favorite, and when I have a real estate client, I’ll use this checklist. Your points are excellent. Having pictures and videos is crucial, and being listed is important too. I believe in creating citations to be listed. Departamentos en preventa en Cancún

  25. In this Real Estate Edition, we delve into the dynamic landscape of property markets, exploring trends, challenges, and innovations shaping the industry. From urban revitalization to sustainable development, discover insightful perspectives and actionable insights for navigating the ever-evolving realm of real estate. Zepto

  26. The questions are designed to test individuals on their knowledge of the topics and to ensure that they are well-prepared for the certification exam. With a comprehensive set of questions and answers, individuals can confidently prepare for the exam and increase their likelihood of success. Broker Services

Post Your Comment