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A Glimmer of Hope Amidst a Hemorrhage

Author
Liu, Crocker; Nowak, Adam; White, Robert Jr
Abstract
Prices of hotels along the east coast continue to drop, although the rate of decline has moderated. Hotels on the west coast enjoyed positive price momentum, both on a quarter-over-quarter or year-over-year basis. Hotels in gateway cities exhibited poorer price performance than those in non-gateway cities. Our moving average trendlines and standardized unexpected price performance metrics indicate a positive price reversal for large hotels, while the hemorrhaging continues for small hotels. There are indications that lenders are more willing to finance hotels going beyond best-in-class hotel properties, although the cost of financing and the relative risk premium remain high. This is report number 37 of the index series.
Date Issued
2021-01-20Subject
hotels; pricing; gateway cities
Rights
Attribution 4.0 International
Rights URI
Type
article
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Except where otherwise noted, this item's license is described as Attribution 4.0 International