Hotels and Resorts
The global hotel industry significantly contributes to the economy, generating approximately $85.1 billion in taxes and supporting around 357 million jobs worldwide, which is about one in every ten jobs. In 2024, the sector contributed about $10.9 trillion to global GDP, representing 10 percent of the global economy. ULI has members and councils in many of the top hotel markets, including Las Vegas, Los Angeles, New York City, and many other cities.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders widened between October 8th and October 15th. During the period, 10-year Treasury bond yields remained flat, with average all-in cost equal to equal to 4.86 percent.
The hotel sector is coming back slowly in the United States, led by business travelers, but the majority of the growth in the full-service hotel market is overseas, said Bill Marriott, Chairman and Chief Executive Officer, Marriott International at ULI’s Fall Meeting. Marriott described how his firm is adapting to changing market conditions and shared his views on U.S. policies affecting the business community. Read a summary of the key topics he touched on.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders widened between October 1st and October 8th. During the period, 10-year Treasury bond yields widened by 17 basis points, with average all-in cost equal to equal to 4.80 percent.
As the hospitality industry starts to recover from the low point it reached over the past couple of years, some trends have emerged that show changes in consumer preferences -- particularly at the ultra-luxury level -- that will likely dominate the industry for years to come. Read about the trends in hospitality planning and design as laid out by experts from Solage Hotels & Resorts; The West Paces Hotel Group; and, Marriott International, Inc.
The Commercial Mortgage Alert Trepp weekly survey (below) of 15 active portfolio lenders widened between September 24th. During the period, 10-year Treasury bond yields declined 12 basis points, with average all-in cost equal to equal to 4.76 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was unchanged between September 17th and September 24th. During the period, 10-year Treasury bond yields declined 9 basis points, with average all-in cost equal to equal to 4.80 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders trended higher with average spreads up 8 basis points (0.08 percent) between September 3rd and September 17th. During the period, 10-year Treasury bond yields declined 14 basis points, with average all-in cost equal to equal to 4.89 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders continued to trend lower with average spreads down 5 basis points (0.05 percent) between September 3 and September 10. During the period, 10-year Treasury bond yields increased 4 basis points, with average all-in cost equal to equal to 4.95 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders continued to trend lower with average spreads down 5 basis points. During the period, 10-year Treasury bond yields increased 9 basis points. Spreads in the August 31 Cushman & Wakefield Sonnenblick-Goldman fixed and floating mortgage rate survey came in slightly.
Hotel fundamentals are improving as panic and capitulation give way to a slow-growth environment. Yet, the global response to the economic crisis threatens to yield to sovereign risk in Greece and Spain and undermine a gradual, nascent recovery. These were the major messages at the Jeffer Mangels Butler & Marmaro conference Meet the Money: Unlocking the Game Changers for the Coming Recovery, held in early May in Los Angeles.