■ ➔ WHAT’S IN DEMAND. pulse Markets with greatest change in demand forecast change 2012 to 2013 The Leading Hospitality News Authority Since 1875 HotelManagement.net Vol. 228, No. 2 | February 2013 A Questex Hospitality Group Publication 1 Austin, Texas ◾ 2 Houston ◾ 3 Tucson, Ariz. ◾ 4 New York ◾ 4.9 percent 3.8 percent 3.4 percent 3.4 percent Source: PKF Hospitality Research SEE PAGE 12 FOR MORE TRENDS & STATS TRANSACTIONS, PERFORMANCE U.S. in solid recovery mode, numbers say By Stephanie Ricca EDITOR IN CHIEF N ATIONAL R EPORT – With U.S. hotel operating fundamentals nishing strong in 2012 and inves-tors gaining con dence, “optimism” is the current buzzword of the industry. Hoteliers and developers seem to have shed the cloak of uncertainty that characterized 2012’s election year and are ready to embrace recovery head-on by taking advantage of continued low supply, high demand and more money available for deals. Randy Smith, CEO of STR, shared December’s guestroom demand gures, a record-setting 91.7 million roomnights sold. “Demand growth exceeds supply growth now for a sustained period, we’ve been having this for a PKF Supply 0.8% Demand 1.8% ADR 5% RevPAR 6% 1.4% 3.5% 6.2% 8.4% STR 1% 1.8% 4.9% 5.7% 1.5% 2.8% 4.6% 6% couple years and it’s really nice,” he said. “You can see why supply growth hasn’t been an issue, with demand growth as high as it is.” See Recovery | page 44 Berlin hotel supply grows as availability of bank debt increases High-pro le openings are making Berlin a hotbed of development IHIF www.HotelManagement.net Jena Tesse Fox ASSOCIATE EDITOR SUPPLEMENT FEBRUARY 2013 TO DOMINATE London, Paris 2013 EMEA activity Asia Pacific transaction trends Top hotel companies survey A S U P P L E M E N T TO IHIF SUPPLEMENT. C2201_R35127_0213 IHIF_1.BK.indd 1 B ERLIN –With new hotels open-ing regularly, plenty more in the pipeline and a new airport in the works, Berlin is attracting attention from developers and travelers alike. But how is the city competing with Germany as a whole? According to a recent survey by HVS London, which quizzed German banks on their lending parameters in the hotel sector for new loans and re nancing, loan characteristics and the future outlook on lending criteria, Ger-many’s hotel sector is becoming the darling of the investment and lending communities. e survey noted that upscale hotels were most favored by potential lenders, followed by economy and midscale with food and beverage. e survey revealed that Ger-man banks are more comfortable See Berlin growth | page 43 ONE – on – ONE JAMIE SABATIER See page 14 Destination Hotels & Resorts’ Portfolio expansion, soft branding and message sharpening on new Destination leader’s agenda Catch up on hotel development and nancing trends in Europe, the Middle East, Africa and Asia in this month’s supplement. Read more about HM’s International Hotel Investment Forum events on page 44. 1/24/2013 3:13:05 PM ■ ➔ inside this issue SPECIAL REPORT. Hotel Brands Survey Our 2013 comprehensive listing of hotel brands by category. PAGE 20 TRENDS & STATS. Texas’ big and bright demand Lone Star cities are gushing with demand primarily due to oil, gas. PAGE 12
Hotel Management February 2013: Cover 1
