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dc.contributor.authorLiu, Crocker H.
dc.contributor.authorNowak, Adam D.
dc.contributor.authorWhite, Robert M. Jr
dc.date.accessioned2020-09-09T17:01:05Z
dc.date.available2020-09-09T17:01:05Z
dc.date.issued2018-04-19
dc.identifier.other11990332
dc.identifier.urihttps://hdl.handle.net/1813/70937
dc.description.abstractHotels in gateway cities have outperformed hotels in non-gateway cities, with hotels in gateway locations rising 10 percent in the past year, compared to 6 percent for those in non-gateway cities. Hotel operating performance scaled by price is still in the black based on economic value analysis (EVA), with returns continuing to exceed borrowing costs (for debt). Transaction volume strengthened both on a quarter-over-quarter and year-over-year basis. While our various pricing metrics point to continued positive price momentum for larger hotels at the expense of smaller hotels, we are concerned whether rising interest rates will put a damper on this momentum. A reading of our tea leaves suggests prices will continue to increase, but at a decelerating rate. This is report number 26 of the index series.
dc.language.isoen_US
dc.relation.urihttps://hdl.handle.net/1813/72548.2
dc.rightsRequired Publisher Statement: © Cornell University. This report may not be reproduced or distributed without the express permission of the publisher.
dc.subjectCornell Hotel Indices
dc.subjecteconomic value analysis (EVA)
dc.subjecthotel prices
dc.subjecthedonic hotel index
dc.subjectgateway cities
dc.titleFirst Quarter 2018: Introducing Our Gateway Cities Index
dc.typearticle
dc.description.legacydownloadscremi_18_1.pdf: 544 downloads, before Aug. 1, 2020.
dc.relation.referencesSupplemental File: Hotel Valuation Model (HOTVAL). We provide this user friendly hotel valuation model in an excel spreadsheet entitled HOTVAL Toolkit as a complement to this report.
local.authorAffiliationLiu, Crocker H.: chl62@cornell.edu Cornell University School of Hotel Administration
local.authorAffiliationNowak, Adam D.: West Virginia University
local.authorAffiliationWhite, Robert M. Jr: Real Capital Analytics Inc.


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