Orlando Hotels & Attractions by Zones for Shared-Ride
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Central Florida 2020 State of the Hotel Market
Superior Results Through Unrivaled Hospitality Intelligence. Everywhere. FEBRUARY 2020 Central Florida 2020 State of the Hotel Market DONALD C. STEPHENS, JR. Managing Director HVS Orlando +1 (407) 203-1122 (Office) +1 (407) 405-4363 (Mobile) [email protected] HVS.com Orlando has long been distinguished as an iconic vacation destination by continuing its ranking as the No. 1 destination in the United States, according to Visit Florida. Since 2013, Orlando has reigned as the nation’s “Most Visited Tourist Destination.” With multiple factors driving Orlando’s appeal, hotel investors and developers are curious as to what is on the horizon for the hospitality market in Central Florida. With a variety of hotels and attractions in the Metro Orlando pipeline, and major international brands continuing investment in the market, the metrics point toward continued success in 2020 and beyond. Orlando's $75.2-billion tourism industry is the region's dominant economic engine, drawing 75 million-plus visitors annually. With visitation up 4.2%, domestic visitation grew to 68.55 million people, up 4.1%, while international visitation grew to 6.48 million, representing a 5.4% annual gain. Metro Orlando Visitor Volume (millions) 2017-18 2014 2015 2016 2017 2018 YOY % Chg. CAGR Domestic Leisure 47.129 49.811 51.754 54.980 57.265 4.2% 5.0% Business 10.306 10.764 10.588 10.875 11.290 3.8% 2.3% Convention/Group Meeting 5.823 6.013 5.892 6.065 6.170 1.7% 1.5% International 5.373 5.898 6.120 6.153 6.488 5.4% 4.8% Total 62.808 66.473 68.010 72.008 75.043 4.2% 4.5% Note: Convention/Group Meeting included in Business Source: HVS, STR & Visit Orlando Market Research and Insights Department Note: The National Travel & Tourism Office, Dept. -
Hotel Brand Conversions
Hotel Brand Conversions: What Works and What Doesn’t by Chekitan S. Dev EXECUTIVE SUMMARY s many as one-third of U.S. hotels have been converted from one brand to another in recent years, a process that frequently improves the hotel’s financial performance—although that is not always the case. Using data collected between 1994 and 2012 from PKF Hospitality Research, an analysis of brand conversions by 260 hotels shows that hotels moving downscale generallyA improved their occupancy, and thus their top-line revenue and profit ratios, compared to a control group of 2,750 hotels that did not change brands. However, hotels that moved upscale did not see notable changes in revenue or profit, nor did hotels that moved across their tier, especially when they stayed within their brand family. Two factors seem to drive the financial results for converted hotels—the relative strength of the brand and the fit between the brand and the property. Cornell Hospitality Report • November 2015 • www.chr.cornell.edu • Vol. 15, No. 21 1 ABOUT THE AUTHOR Chekitan S. Dev, Ph.D., is associate professor of strategic marketing and brand management at the School of Hotel Administration. Recognized as a leading authority on strategic marketing and brand management, His award-winning research has been published in several peer reviewed journals, including the Journal of Marketing and Harvard Business Review. He has won all major hospitality research awards including the 2002 John Wiley & Sons award for lifetime contribution to hospitality and tourism research. Additionally, he has received several teaching excellence awards. A former corporate executive with Oberoi Hotels & Resorts, he has served corporate, government, education, advisory and private equity clients in over 35 countries on five continents as consultant, seminar leader and expert witness. -
To Brand Or Not to Brand? (Part 1) by Chloe Riley
Link to Article To brand or not to brand? (Part 1) By Chloe Riley That is the question. Whether ‘tis nobler in the mind to go the route of Best Western, (which debuted some 10 brands over the past six years alone) or blaze the trail of the independent hotelier (see Ian Schrager’s latest iteration of Public House or Cyril Aouizerate’s highly communal Mob Hotels)? Here’s a look at the power of the brand. (Stay tuned next week for Part 2). ‘Is there customer confusion? I think there is’ Best Western knows something about crafting a brand. In just the past six years, the company’s debuted 10 brands, with those newer ones (Like Glo and Vib) comprising 40% of its current pipeline. Next year, the company wants that number to be closer to 50%. “We’re certainly focused on global growth, both in North America and Asia,” says Ron Pohl, Best Western’s senior vice president and chief operations officer. “The midmarket hotels in China are where the opportunity really lies.” But just how differentiated are these newer brands, both in the marketplace and even just between one another? A description of Vib could easily be IHG’s newly debuted midscale Avid or Red Lion’s Hotel RL. Design for the “connected traveler,” with “social spaces,” guest rooms have plenty of USB ports and smart TVs. And words like “convenience, technology and social engagement.” What are the elements of Vib and Glo that are truly differentiated? Pohl says the true differentiation is in target markets. While you’d find both a Vib and Glo in Manhattan, you wouldn’t find a Vib in Des Moines, Iowa for instance. -
Horwath HTL Latam Hotel Chains Report
HHTL_LATAM_Hotel Chains Report.qxp_Layout 1 10/10/2017 12:10 Page 1 LATAM & Caribbean Hotels & Chains Report 2017 HHTL_LATAM_Hotel Chains Report.qxp_Layout 1 10/10/2017 12:10 Page 2 HHTL_LATAM_Hotel Chains Report.qxp_Layout 1 10/10/2017 12:10 Page 3 Key Services Welcome to Horwath HTL, the global leader in hospitality consulting. We are the industry choice; a global brand providing quality solutions for hotel, tourism & leisure projects. HHTL_LATAM_Hotel Chains Report.qxp_Layout 1 10/10/2017 12:10 Page 4 HHTL_LATAM_Hotel Chains Report.qxp_Layout 1 10/10/2017 12:10 Page 5 Horwath HTL l The Global Leader in Hotel, Tourism and Leisure Consulting CONTENTS 7 Foreword 9 Introduction 10 Latin America & The Caribbean 17 Argentina 23 Brazil 29 Chile 35 Colombia 41 Dominican Republic 47 Ecuador 53 Mexico 59 Peru Other Countries 64 Bolivia 65 Costa Rica 66 Cuba 67 Panama 68 Paraguay 69 Uruguay Horwath HTL l LATAM & The Caribbean Hotels & Chains Report 2017 5 HHTL_LATAM_Hotel Chains Report.qxp_Layout 1 10/10/2017 12:10 Page 6 HHTL_LATAM_Hotel Chains Report.qxp_Layout 1 10/10/2017 12:10 Page 7 Horwath HTL l The Global Leader in Hotel, Tourism and Leisure Consulting FOREWORD “The goal behind this report was to try and accurately shed light on the current hotel situation and see how each market is evolving. Investors need transparency and brands need to know what the competitive landscape looks like.” A few years ago, our team in Rome decided to Some of this data exists elsewhere of course, put together a report on the state of hotel chains there are a number of countries that have good in Italy, no easy task as you can imagine. -
Proposed Downtown Berryville Hotel
Proposed Downtown Berryville Hotel Berryville, Virginia 22611-1315 NKF Job No.: 19-0004412 Feasibility Study Prepared For: Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 Prepared By: Newmark Knight Frank Hospitality, Gaming & Leisure Group Valuation & Advisory 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 July 19, 2019 Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 RE: Feasibility Study of a Proposed Downtown Berryville Hotel Downtown Berryville , Berryville, Virginia NKF Job No.: 19-0004412 Newmark Knight Frank Valuation & Advisory, LLC has prepared a feasibility study of the referenced property in the following report. Summary of the Proposed Subject Property The feasibility study considers development of a proposed hotel in Downtown Berryville on or proximate to Main Street. The subject site has average access to major roadway (State Route 7) because of its proposed location in downtown Berryville's Main Street district, limiting its visibility and ease of ingress and egress from a major roadway. While the proposed site is proximate to some demand generators, the low density of commercial developments in the area is projected to be a weakness. Leisure attractions in Berryville and Clarke County including vineyards, historic manors and event venues, and Barns of Rose Hill will help mitigate this weakness. Visibility is considered to be average, relative to other historic downtown locations, due to its proposed multi- level configuration, assumed signage, and on or proximate to Main Street. State Route 7, which connects Berryville to neighboring Winchester and Leesburg, is less than a mile north from central downtown. -
Back INN Style?
HYLodging2002.qxd 1/16/02 12:54 PM Page 3 High Yield Lodging Research January 2002 High Yield Lodging Outlook 2002 Back INN Style? Jason N. Ader (212) 272-4257 Jason M. Kroll CFA (212) 272-9621 Trip McCoy (212) 272-8821 High Yield Lodging Outlook 2002 January 18, 2002 Table of Contents Investment Thesis .............................................................................................. 4 Is the Lodging Industry Poised for a Turnaround?.................................................... 5 What is the Credit Outlook?................................................................................ 10 How Are Current Trends? ................................................................................... 13 Relative Value Analysis...................................................................................... 15 Company Updates Boca Resorts, Inc.............................................................................................. 17 Extended Stay America, Inc................................................................................. 24 FelCor Lodging Trust .......................................................................................... 34 Host Marriott, LP .............................................................................................. 45 MeriStar Hospitality Corp. ................................................................................... 56 Prime Hospitality Corp........................................................................................ 66 Starwood Hotels & Resorts -
Hilton Worldwide Holdings Inc
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36243 Hilton Worldwide Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 27-4384691 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 7930 Jones Branch Drive, Suite 1100, McLean, VA 22102 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (703) 883-1000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value per share HLT New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
Grand Canyon West?
The Insider’s Guide to the Grand Canyon: Spring 2007 Helping You Get the Most Out of Your Grand Canyon Vacation! Thank you for choosing Grand Canyon.com as your Southwestern vacation specialist! You’ve not only chosen an extraordinary place for your vacation, but you’ve also picked a great time to visit. Having lived and worked in the Grand Canyon area for over 20 years, our staff has made a few observations and picked up a few “insider tips” that can help save you time, money and hassle - sometimes all three at once! If you’ve gotten most of your Grand Canyon vacation planned by now - booked your flights, reserved your rental car, secured hotel rooms, mapped your itinerary, etc. – then take your left hand, put it on your right shoulder, and pat yourself on the back! You get to skip to Travel Tip #8. For those who‘ve just now decided on the Grand Canyon for your spring break vacation, we hope you’ll find this guide helpful in putting together a trip you’ll be smiling about for years to come! Before you dig in, we recommend that you have a few minutes of quiet time, a map or road atlas, a pen and/or a highlighter, maybe a beverage, and your “Grand Canyon Top Tours Brochure.” Let’s get started and get YOU to the Grand Canyon! 1 Travel Tip 1 – Where Is the Grand Canyon? Grand Canyon National Park is in Northern Arizona. Travel Tip 2 – What Side Can I See it From? Grand Canyon South Rim and Grand Canyon West (a.k.a. -
Lodging Feasibility Study
Payette, ID Lodging Feasibility Study For more information regarding this report, contact: [email protected] [email protected] Table of Contents Introduction/Objective …………………………………………………..…………………………………………….3 Executive Summary …………………………………………………………………………………………………………………………4-10 Property Segment Property Size Room Rate Property Features, Amenities, and Services Recommended Sleeping Room Configuration Economic Impact Potential Lodging Demand Analysis Ramp Up Year Projections 1-5 Year Projection Market Demand Area SWOT: Community Feedback Site Analysis ………………………………………………………………………………………………………………………….11-16 Development Sites & Maps AADT - Annual Average Daily Traffic Economic Overview ……………………………………………………………………………………………………………17-20 Population Effective Buying Income Workforce/Employment Distribution Unemployment/Labor Supply/Wage Pressures Transportation Information Lodging Demand …………………………………………………………………………………………………………………..21-30 Market Segmentation Events and Attractions Community Interviews Lodging Supply ……………………………………………………………………………………………………………………..31-50 Competitive Hotel Properties Peak and Low Season Projected Average Daily Room Rate & Positioning Historical and Projected Market Performance Local and Competitive Set Surveyed Lodging Details STRDRAFT Data Trends & STR Chain Scales Hotel Market Feasibility Study Introduction Payette, ID The following Comprehensive Lodging Feasibility Study Report will review the potential development of a hotel in Payette, ID. Core Distinction Group LLC (CDG) has been -
Parkview Resort
PARKVIEW RESORT PROJECT DESCRIPTION 6233 International Drive FL, LLC is submitting a Master Plan Application for the existing Best Western Movieland Hotel located on International Drive. The site is currently operating as a 261-room, 4-story hotel with an attached 9,968 square foot sit-down restaurant (Black Angus). The proposed land uses remain hotel and restaurant. The purpose of the Master Plan application is for the approval of a new hotel and restaurant in place. This will be a new 35-story hotel building with 809 hotel rooms (548 more than the existing hotel), two restaurants, five levels of structured parking, a 500 seat banquet hall, as well as some ancillary hotel uses for guests. The new construction will take place in an area of the existing hotel and surface parking. The parking will be replaced by structured parking inside the new proposed building. Since the pre-application meeting held with City Staff on March 13, 2015, the proposed development program has been reduced from 813 hotel rooms to 809 hotel rooms. The project has no wetlands or flood plain issues and will utilize the existing stormwater management system. The future land use for this project is MET-AC and the current zoning is AC3/SP. Below are Orlando’s policies for a Metropolitan Activity Center. • Policy 2.1.1 (b) Metropolitan Activity Center - To provide for large concentrated areas of residential, commercial, office, industrial, recreational and cultural facilities at a scale which serves the entire metropolitan area, and at the highest intensities to be found anywhere outside of Downtown Orlando. -
Choice Hotels International Inc. Fundamental Company Report
+44 20 8123 2220 [email protected] Choice Hotels International Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis https://marketpublishers.com/r/C86AD0BCD85BEN.html Date: September 2021 Pages: 50 Price: US$ 499.00 (Single User License) ID: C86AD0BCD85BEN Abstracts Choice Hotels International Inc. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Choice Hotels International Inc. and its competitors. This provides our Clients with a clear understanding of Choice Hotels International Inc. position in the Restaurants and Leisure Industry. The report contains detailed information about Choice Hotels International Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history. Another part of the report is a SWOT-analysis carried out for Choice Hotels International Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it. The Choice Hotels International Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios Choice Hotels International Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industr.. -
Hotels Near CHLA.Pdf
Travelodge Hollywood – Vermont/Sunset Hollywood Hotel 1401 North Vermont Ave. 1160 North Vermont Ave. Hollywood, CA 90027 Hollywood, CA 90029 Distance from CHLA: 0.2 miles Distance from CHLA: 0.5 miles Super 8 Motel The Dixie Hollywood Hotel 1536 North Western Ave. 5410 Hollywood Blvd. Hollywood, CA 90027 Hollywood, CA 90027 Distance from CHLA: 1.1 miles Distance from CHLA: 1.1 miles Rodeway Inn Hollywood Best Western Hollywood Hills Hotel 6826 Sunset Blvd. 6141 Franklin Ave. Hollywood, CA 90028 Hollywood, CA 90028 Distance from CHLA: 2.8 miles Distance from CHLA: 2.3 miles Dunes Inn Hilton Garden Inn Los Angeles/Hollywood 5625 Sunset Blvd. 2005 North Highland Ave. Hollywood, CA 90028 Los Angeles, CA 90068 Distance from CHLA: 1.3 miles Distance from CHLA: 3.2 miles Hollywood Downtowner Inn BLVD Hotel & Suites 5601 Hollywood Blvd. 2010 North Highland Ave. Los Angeles, CA 90028 Hollywood, CA 90068 Distance from CHLA: 1.4 miles Distance from CHLA: 3.3 miles Comfort Inn Best Western Holiday Plaza Inn 7051 Sunset Blvd. 2011 North Highland Ave. Los Angeles, CA 90028 Hollywood, CA 90068 Distance from CHLA: 3.0 miles Distance from CHLA: 3.3 miles Quality Inn Hollywood Hilton North Glendale 1520 North La Brea Ave. 100 West Glenoaks Blvd. Hollywood, CA 90028 Glendale, CA 91202 Distance from CHLA: 3.1 miles Distance from CHLA: 6.4 miles Hollywood Orchid Suites Residence Inn Burbank 1753 North Orchid Ave. 321 South First St. Los Angeles, CA 90028 Burbank, CA 91502 Distance from CHLA: 3.4 miles Distance from CHLA: 7.4 miles Discount Code: C9H Los Angeles Marriott Burbank Airport 2500 North Hollywood Way Burbank, CA 91505 Distance from CHLA: 9.4 miles Roosevelt Hotel 7000 Hollywood Blvd.