Wisconsin Real Estate MBAs report from MIPIM 2010:
Panel: Post Crisis: A Fresh Look at Hotel Development
While hotel markets have struggled across all property types, budget brands have shown far more resilience than other brands. Revenue per available room (RevPAR) has still decreased across budget hotel brands, but not to the degree that has been seen in luxury and other full service brands. Niche lifestyle brands are currently struggling the most in the hotel segment, while more versatile larger-scale brands have shown better performance and a better ability to withstand the downturn. However, interest in budget hotels has been increasing and there is some financing available for well-located properties with strong hotel flags.
For more coverage of MIPIM 2010, visit our partner CREOpoint.com.
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Just like the 2001 downturn, compression brought travelers into the best ltd service brands as people searched for the best value for their travel dollar. Curious to hear who might be looking at hotels? Is that just in Europe or is it in US as well?
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