U.S. Hotel Revenue Grows

U.S. Hotel Revenue Growth Driven by Overlooked Sources in Lower Chain Scales and Secondary Markets

CBRE Hotels’ Americas Research Forecasts 2.2 Percent RevPAR Compound Annual Growth Rate Through 2021

U.S. hotels enjoyed another year of life at the performance peak in 2016 and are forecast to continue to live the high life in 2017. If you want similar success for your hotel business like the ones in the U.S, it wouldn’t hurt to check out this ADR calculator to see how you can at least make one change to your business. Every little step helps to get you closer to your business goal. According to the recently released March 2017 Hotel Horizons®forecast report from CBRE Hotels’ Americas Research, rooms revenue (RevPAR) grew for a seventh consecutive year in 2016, and the prospects for RevPAR growth are projected to be solid for the foreseeable future. Whilst many have felt the reward of this sustained growth, there remains a high number of hotels that are struggling to turn a profit. Hotels in that position may benefit from cutting expenses and using an energy comparison site like Simply Switch to avoid paying excessively on bills. What is surprising, however, is the impetus for sustained revenue expansion comes from some unexpected sources.

“The hotel business is cyclical. The upper-priced properties led the U.S. lodging industry out of the recession and have continued to achieve occupancy levels in excess of 70 percent. However, recently it has been the lower-priced properties that have shown the greatest gains in RevPAR,” said R. Mark Woodworth, senior managing director of CBRE Hotels’ Americas Research. “In the past five years, RevPAR for U.S. hotels increased at compound annual rate (CAGR) of 5.7 percent. The only chain-scale close to achieving this pace of revenue growth was the economy segment whose average annual RevPAR increase was 5.6 percent during this period. That means independent and economy chain-affiliated properties have been the primary drivers of the industry’s recent strong performance.”

Looking forward, this trend is expected to continue. From 2017 through 2021, CBRE Hotels’ Americas Research is projecting that the U.S. lodging industry will achieve a RevPAR compound annual growth rate (CAGR) of 2.2 percent. During this period, the RevPAR CAGR is projected to be 2.8 percent for the economy chain-scale. “We recognize that economy properties still achieve the lowest levels of occupancy and ADR, but investors looking for a ‘growth story’ shouldn’t overlook this segment of the industry while some of the other chain-scale categories begin to stall out,” said Woodworth.

Small Markets
In addition to lower-priced hotels, small markets also are enjoying significant RevPAR increases. In 2016, RevPAR growth for the 60 markets covered by CBRE’s Hotel Horizons® forecast reports averaged 2.8 percent. This is below the aggregate 3.6 percent RevPAR growth achieved by hotels located outside of the 60 markets. The gap in performance is expected to widen in 2017 when Horizons® universe is forecast to see RevPAR increase by 2.0 percent. Concurrently, the remaining markets are projected to achieve a 3.8 percent increase in RevPAR during the year.

“So much attention is being paid to the major urban and gateway markets,” said John B. (Jack) Corgel, Ph.D., professor of real estate at the Cornell University School of Hotel Administration and senior advisor to CBRE Hotels’ Americas Research. “Over three quarters of the new hotel rooms forecast by CBRE to enter the U.S. lodging industry in 2017 will be located in the 60 major markets we track, even though these markets represent just 48 percent of the overall national hotel inventory. The increased competition in major markets certainly helps explain why these markets have recently lagged in RevPAR growth and are expected to continue to suffer in the near term.”

Not Top of Mind
“When you read the hotel trade journals there is a growing sense of skepticism among industry analysts and attendees at the major industry conferences. I attribute this to the large sums of public company money that have been invested in upper-priced properties located in major markets,” Corgel noted. “Economy and independent hotels, as well as the secondary markets, are left off the agenda, so they are they are not top-of-mind.”

“The fact is that U.S. hotels are achieving all-time record occupancy levels and near record profit margins. A lot of money is being made from hotel operations these days. While the prospects for growth in revenues and profits are moderating, opportunities still exist. Companies should be investing in search engine optimization for hotels in order to beat their competition. Investors just need to investigate some of the historically overlooked chain-scale and geographical segments to find better returns,” Woodworth concluded.

To purchase copies of the March 2017 editions of Hotel Horizons®for the U.S. lodging industry and 60 major markets, please visit: https://pip.cbrehotels.com

CBRE Hotels is a specialized advisory group within CBRE providing capital markets, consulting, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.

Source: U.S. Hotel Revenue Grows

Triangle Re-Bath 4 Reasons to Consider a Walk-in Shower Without Doors | Triangle Re-Bath

4 Reasons to Consider a Walk-in Shower Without Doors

A walk-in shower without doors is the latest feature in luxury bathroom design; walk in shower rooms give you a lot of options for the type of shower you have because you can have things like these ANZZI shower panels to give you an even more luxurious experience than just having a normal shower head. If you’re planning on a bathroom remodel then these custom designed showers are great for universal design, require minimal maintenance, and can make your bathroom look and feel larger.

walk-in shower without doors

Sometimes referred to as Roman showers, the walk-in shower without doors resemble those early, unenclosed spaces in the middle of the city squares that Roman’s bathed in.

If you’ve been considering installing a walk-in shower without doors in your bathroom read this post to decide if it’s right for you.

1) Unique Shower Design

A main advantage of a walk-in shower without a door is their one-of-a-kind design, creating a truly unique space that will be the envy of all your friends. These lavish and luxurious showers can be designed to fit in any space, whether in a corner, taking the place of a large garden tub, or even in small bathrooms. They look great being accompanied by Atlasceramics on the walls to add an extremely luxurious feeling.

showers without doors

Most people would think their smaller bathroom couldn’t accommodate a walk-in shower without a door but we’ve been able to install many walk-in showers in smaller bathrooms because of our creativity, ingenuity, and experience.

While any showerhead will work within a walk-in shower without a door, it is recommended to use an overhead mounted showerhead, commonly known as a rainfall showerhead to minimize splashing. A wall-mounted shower head should be placed at least 5 feet from the shower opening to prevent splashing. You can also install a handheld, personal shower head to make it easy to clean the shower.

2)Perfect for Universal Design

Universal Design is the practice in which environments are designed that are inherently accessible to older people and people of all ages with or without disabilities.

walk-in shower without doors

Walk-in showers come in three entry varieties, or entry levels:

  • level entry (a seamless transition between the floor and the shower)
  • no threshold (no barrier to walk over)
  • low threshold (a small barrier to walk over no more than 3” in height)

This allows homeowners to choose the entry design that is right for them and their needs.

These showers are designed with a gentle slope towards the drain to contain all the water within the shower area. Tile shower bases and precast shower bases are considered slip-resistant however if you are concerned about additional safety you can always add slip-resistant adhesive strips to the floor or the base.

3)Cleaning and Maintenance

The biggest challenge with any shower or bathtub surround is cleaning. A walk-in shower without doors fixes this problem. By removing the door, you are eliminating 50% of the cleaning.

walk-in shower without doors

However if you choose to design a walk-in shower with glass you will still have to squeegee the glass, however coatings can be applied to the glass to reduce water spotting and keep the glass cleaner longer.

4) Visual Space

Shower doors break up space and can make your bathroom appear smaller. Removing the shower door will create more visual space which makes your bathroom appear larger. In an entry-level design use the same tile on the floor as the shower base to give it a seamless look.

walk-in shower without doors

Think your bathroom is too small for a doorless walk-in shower – take this amazing bathroom above for an example. By installing water-resistant flooring and tile walls, homeowners are able to shower and bathe in the same location within a small space. This design would be perfect for smaller master bathrooms or stylish guest bathrooms.

To find more inspiration on how to incorporate a doorless shower into your home, visit here.

Endless configurations of these unique and spacious walk-in showers are possible and we’d be happy to help you design one to fit within your space. Our experienced design consultants are available to answer any questions you have and would love to visit your home and give you a Free In-Home Consultation and give you a Guaranteed Price on the spot. Give us a call today and we can start designing your new bathroom tomorrow!

Source: Triangle Re-Bath 4 Reasons to Consider a Walk-in Shower Without Doors | Triangle Re-Bath

10 Easy Pieces: Indie Toilet-Paper Holders: Remodelista

ISSUE 3  |  Budget Remodels

January 20, 2017 6:00 AM

BY Alexa Hotz

Toilet-paper holders are not the most glamorous fixture in the bathroom, but they are undeniably essential. In 2011 we dove into two subcategories: Modern Toilet-Paper Holders and Traditional Toilet-Paper Holders. Since then many more have arrived on the scene; here are 10 designs we’re admiring.

Above: The triangular Brass Toilet-Paper Holder by Copenhagen-based Ferm Living is $44 via Clever Spaces, Ferm Living’s retailer for the US and Canada. (For non-US readers, it is also available via Ferm Living’s international site.)Above: Koizumi Studio’s White Porcelain Toilet-Paper Holder includes a beech rod; ¥4,644 ($40.32). Contact Koizumi Studio in Japan for availability and shipping information. The same design is rendered entirely in wood as well.Above: Made of bent steel with a durable powder-coat finish and a solid brass knob, the Onefortythree Tissue-Roll Holder is $30.

Above: At the Ace Hotel in Los Angeles, Commune Design created this genius leather toilet-paper holder (we’re planning to DIY this one).Above: Made in Seattle from polished stainless steel, the Studio Andolina Toilet-Paper Holder is $76 via Etsy.Above: Designed by Pete Oyler, the Roll With It toilet-paper holder comes in combinations of brass, stainless steel, aluminum, and walnut; contact at Assembly Design for purchasing information.

Above: Japanese design studio Koizumi makes the A + W Toilet-Paper Holder of aluminum and wood from the Japanese Parozu, maple, and Tagaya trees; ¥4,300 ($37.34) at T-Kiki, in Japan.

Above: Labour & Wait’s Toilet-Paper Holder is made in England of solid oak; £22 ($27.10).

Above: London-based Yang Ripol Studio was inspired by sailing gear in their design for the Diabolo Holder for Vandiss. It’s available in black or orange rope with a chrome hub at Yang Ripol.

Above: The Hand-Forged Iron Modern Industrial Toilet-Paper Holder is available as part of a set (towel bar included); from $107.45 from Vin Tin, in Martinsburg, West Virginia, via Etsy.

Prefer to get creative? See our posts Bathroom: Low-Tech Toilet-Roll Holders and Back to Brass: Glamorous Bath Fixtures from Japan.

N.B.: This post is an update; the original story ran on October 8, 2014.

 

10 Easy Pieces: Indie Toilet-Paper Holders: Remodelista.

Source: 10 Easy Pieces: Indie Toilet-Paper Holders: Remodelista

Make Your Garden Modern: Landscape Design Tips from Fernando Wong – Design Milk

After studying architecture at Universidad de Panama and another three years in an interior design program, landscape designer Fernando Wong journeyed from Panama to Palm Beach in 2001, where he started at the bottom and worked his way up. He went from watering plants to opening his own firm in Miami Beach in 2005, and is currently working on landscape designs for The Four Seasons. Since it’s been raining and cold lately, we’ve been dreaming about lush, greenery and outdoor spaces, so we asked Fernando to inspire and educate us with some landscape design CT tips. Ready to whip out your green thumb? Read on…

1. Use native plants from local nurseries.
Native plants tend to use less water and you know they will are guaranteed to grow well in your area. I also recommend purchasing plants from local nurseries instead of big box stores. Nurseries typically have a larger selection, their quality is higher, and their staff is much more knowledgeable about useful tips such as which plants work best in shade or direct sunlight. If you need any guidance on lawn maintenance or garden repairs, click here for more information.

2. Create a focal point in your landscaping to form beautiful views from both the interior and exterior.
Be thoughtful of how landscaping can be showcased and enjoyed both in your house and out in your garden. Think of doors and windows as the frame for the art you’re creating, whether it’s with an antique urn or a center fountain that will create the beautiful vista.

3. Create intimate nooks and areas.
I create outdoor spaces so that they slowly reveal themselves, like this soaking tub and outdoor shower tucked into the side of the home by the master suite. If you create separate outdoor rooms it actually makes properties seem larger, not smaller. So I always try to create a number of different areas that work harmoniously together.

4. Use colors and materials to create a seamless transition from the interior to the exterior.
I like to use the same material on terraces that is used inside the home. This creates a seamless indoor-outdoor transition. I also try to use similar colors the same way you would in an interior. For instance, red and yellow do not go together inside or out—ever!

5. Hire a landscaping professional to develop a master plan.
I always advise engaging a professional landscape designer who can work with you to develop a master plan for the entire property. This will help you save time and from making costly mistakes. It will also ensure that your garden is as beautiful as the interior of your home. If the budget is an issue, having a master plan also allows you to work in phases. If you are looking for a professional landscaper you can check out landscaping lincoln ne, however there are plenty for you to choose from.

See more of Fernando’s work here.

Make Your Garden Modern: Landscape Design Tips from Fernando Wong – Design Milk.

Source: Make Your Garden Modern: Landscape Design Tips from Fernando Wong – Design Milk

A Cube-Like Room Within a Room – Design Milk

Affordable housing is becoming a thing of the past resulting in many having/choosing to downsize. Since we can’t always get the large space that we want, finding ways to make it work become a necessity. Helping make that happen is Nils Holger Moormann who has designed a Kammerspiel (intimate theatre) to increase functionality within a small space. The Kammerspiel is basically a room within a larger room that organizes many essentials, like sleeping, working, eating, and reading, into a cube-like piece of furniture that can be accessed from all sides. Other essentials, like clothing storage, are located on the inside of the cube.

The Kammerspiel is designed to be customized as everyone’s living habits are all different, so various external modules are available. You can have a bed on top with various storage options around the edge that can include places to charge your devices. Also, the stairs come with three drawers.

The Bicycle Box offers a place to store your bike plus three drawers below.

The Dining Space module contains open and closed shelving with a table that folds down along with a magnetic board.

 

Photos copyright of Julia Rotter.

 

A Cube-Like Room Within a Room – Design Milk.

Source: A Cube-Like Room Within a Room – Design Milk