Hospitality industry trends show rebound
Hospitality trends show industry nearing prepandemic levels Hotel construction trends show promise for 2023 While hotel starts in 2023 will show tepid growth due to the overall economy, the industry is rebounding. In 2022, RevPAR reached record highs, exceeding prepandemic levels, and room starts increased 37.6% after three years of decline. And for 2023, STR…
2023 trend report reveals most promising building opportunities
2023 trend report shows where and how to stay ahead of competitors While economic forecasters predict little overall growth in commercial construction in the year ahead, opportunities are still there for the investors, developers and property owners who want to continue building the future and position themselves to maximize ROI as remaining COVID clouds dissipate.…
Design-build trends for hospitality and restaurants in 2022
Design-build outlook for hotels looks promising After taking big pandemic hits alongside the rest of the travel industry in 2020, the hotel sector improved in 2021. At this writing, CBRE is forecasting 2021 will close with a national occupancy rate of 54%, followed by 62% in 2022. But the commercial real estate services and investment…
DBS Group to renovate St. Croix Danbury Lodge
The St. Croix Chippewa Indians of Wisconsin have contracted with DBS Group to design and construct renovations to its St. Croix Danbury Lodge in Danbury, WI. The project includes a build-back and renovation of the guest suites, pool area and common areas in the north wing, which sustained severe fire damage several years ago. It…
How the pandemic is transforming the hospitality industry
COVID-19 is speeding the evolution of hospitality From lockdowns to economic slowdowns, from closed borders to closed businesses, the global pandemic has ripple effects that are deeply felt throughout the hospitality industry. The result: the industry is evolving at an exponentially faster rate to meet changing consumer demand. Jones Lang LaSalle IP, Inc. (JLL.com) reports…
2020 Commercial Construction Trend Report shows pockets of opportunity
As we look ahead to 2020, experts are calling for slower economic growth, meaning development and investment decisions must focus where opportunity is greatest.
The perfect property: CRE construction project site selection
How will you know when you find the perfect property?
Major changes coming to the construction industry
While the construction industry may seem to be a slow-moving vehicle, the truth is there are a number of subterranean industry developments, figuratively speaking, that stand to change the industry on a fundamental level, and swiftly.
Coming to a Hotel Near You: Design and Construction Changes
As generational influence shifts and millennials become a primary target market for the hotel industry, hotel contractors like DBS Group and others in the construction sector are rising to meet the changing demand.