Currently Browsing: hospitality

Tomorrow is Another Stay: Hotel Trends & Key Figures

Kinzer Hospitality Expert Jena Thornton breaks down Seattle hotel trends to watch in 2020 and key figures from 2019. 2019 Key Statistics $775,000 Highest price per key sale – The Mark 81% occupancy Luxury class leads occupancy rates 11.6% Supply increase in downtown Seattle 1.8% RevPar Everett had the only positive RevPar in the region…

Spare Rooms

Spare RoomsBy: Marc Stiles/PSBJ The region’s hotel market has grown 14 percent in the last five years, outpacing demand and limiting profitability. Jena Thornton, a hotel consultant at Kinzer Partners in Seattle, hopes the rebound occurs in the summer of 2021 but thinks 2022 is more likely. “My projection is the market still needs another…

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