Description

Boutique Hotels: Mid-Year 2023 is a supplement to the Boutique Hotel Report 2023 providing year-to-date performance for the segment. These reports provide a comprehensive resource for developers, operators, lenders, and brands as they pursue hotel development.

Report highlights for boutique hotels:

Demand up 8 percent & room revenues up 9 percent year to date
Lifestyle Hotels average largest increases in performance
5 percentage point premium for Soft Brand hotels in RevPar recovery compared to US hotels
Luxury boutique hotels stabilize in rate growth
29 percent annual supply increase projected for branded boutiques through 2027

Report includes:

YTD performance by class through June 2023 & indexed against previous year and US hotels
Changes in supply, revenues, demand, occupancy, average rate and RevPar compared to previous year
Projected branded boutique supply by class through 2027
RevPAR recovery by boutique segment indexed against US recovery
Three aggregate “HOST” style statements of year end 2022 income and expense for each segment

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©2023 The Highland Group. All rights reserved. Confidential and proprietary subject to license – do not reproduce or disclose. This report is intended for viewing by clients only and may not be distributed to or viewed by others or reproduced for distribution in any form.