Category: Martens Companies

The U.S. hotel industry reported occupancy decreased 1% to 65.3%, but a 1.3% increase in ADR to $127.59 raised RevPAR 0.3% to $83.36 during the week ending 2 March. The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 24 February through 2 March 2019, according to data from STR. In comparison with the week of 25 February through 3 March 2018, the industry recorded the following: • Occupancy: -1.0% to 65.3%• Average daily rate (ADR): +1.3% to US$127.59• Revenue per available room…

For the past several years, the appraisal profession has battled the fact that a significant percentage of its workforce is aging. And as a greater number of appraisers approach retirement age, fewer newcomers are jumping in, meaning that their ranks are dwindling, and fast. A survey conducted last year by the National Association of Appraisers revealed that 18.5% of the 500 active appraisers surveyed planned to retire in two to five years, while 18.7% planned to retire in six to 10 years, meaning that within a decade, almost 40% of the appraisal…

U.S. hotel occupancy decreased 1.7% to 64.7% during the week of 17-23 February, while ADR increased 1.7% to $129.05 and RevPAR was flat at $83.43. The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR. In comparison with the week of 18-24 February 2018, the industry recorded the following: Occupancy: -1.7% to 64.7% Average daily rate (ADR): +1.7% to US$129.05 Revenue per available room (RevPAR): flat at US$83.43 Among the Top 25 Markets, San Francisco/San Mateo,…

The Green New Deal would lead to significant overhauls in how U.S. real estate is developed and how Americans go about their daily commute. The bill, which is not expected to pass an upcoming vote in the U.S. Senate, also calls for “upgrading all existing buildings in the United States.”  The Green New Deal, introduced by U.S. Rep. Alexandria Ocasio-Cortez (D-NY) and U.S. Sen. Ed Markey (D-MA), promises to tackle both global warming and income inequality. The bill warns global warming will cause the U.S. to lose $500B in economic output by…