fbpx Commercial Real Estate Services & Property Management | SVN Commercial Advisory Group
(941) 387-1200
Tampa Bay Hospitality Update | Is the Market dead?

Tampa Bay Hospitality Update | Is the Market dead?

Has COVID Destroyed the Tampa Bay Hotel Market? Tampa Bay’s hotels have eclipsed pre-pandemic levels. Historically, RevPAR (Revenue Per Available Room) increases from December through March due to the tourist season and declines thereafter. In 2021, RevPAR has...
Why Florida Hotels Should Bounce Back Relatively Quickly

Why Florida Hotels Should Bounce Back Relatively Quickly

Because of devastating hurricanes, Florida hoteliers have experience in navigating massive drops in demand and extended recovery periods. At previous pricing levels, hotel occupancy above 60% typically indicated break-even. And with staff being a hotel’s costliest...