ARLINGTON, TX—The US dollar's strength recorded a 14-year high last year and the price of airline tickets has been steadily dropping. But it's not just Americans who are taking advantage; worldwide, tourism is expected to increase by 3.3% a year between 2010 and 2030, according to Capital Brain.
A couple of other factors that helped influence travel trends include strong exchange rate fluctuations and a decline in the price of oil and other commodities. These forces can contribute to the hospitality industry's increase in revenue from 2009 to 2015, GlobeSt.com learns. Moreover, the strength of the Dallas market is fueled by office relocations, millennial attraction to the diversified economy and low costs of doing business here. All of these factors make for a healthy travel market in DFW.
A recent example of the health of the hospitality market came in the form of a 308-key hotel purchase. The Hilton Hotel in Arlington, TX, was sold by Thayer Lodging Group to buyer US OCG Inc. JLL managing director Robert Webster, executive vice president Tim Southard and vice president John Harper led the team on the transaction.
“The Dallas area continues to benefit from a rapidly growing, diversified economy, which has produced strong lodging demand and RevPAR increases well above the national average,” said Southard. “This hotel is an institutional quality asset with a globally recognized brand affiliation located near one of the world's busiest airports, which attracted a number of domestic and foreign investors to the opportunity.”
The Hilton Arlington features the R Bar & Grill, F1RST breakfast buffet, 11,000 square feet of indoor meeting space, a fitness center, an indoor pool and a heated outdoor pool. The hotel is located just south of Dallas Fort Worth International Airport, across from the Six Flags Over Texas amusement park and near both AT&T Stadium and Globe Life Park.
ARLINGTON, TX—The US dollar's strength recorded a 14-year high last year and the price of airline tickets has been steadily dropping. But it's not just Americans who are taking advantage; worldwide, tourism is expected to increase by 3.3% a year between 2010 and 2030, according to Capital Brain.
A couple of other factors that helped influence travel trends include strong exchange rate fluctuations and a decline in the price of oil and other commodities. These forces can contribute to the hospitality industry's increase in revenue from 2009 to 2015, GlobeSt.com learns. Moreover, the strength of the Dallas market is fueled by office relocations, millennial attraction to the diversified economy and low costs of doing business here. All of these factors make for a healthy travel market in DFW.
A recent example of the health of the hospitality market came in the form of a 308-key hotel purchase. The Hilton Hotel in Arlington, TX, was sold by Thayer Lodging Group to buyer US OCG Inc. JLL managing director Robert Webster, executive vice president Tim Southard and vice president John Harper led the team on the transaction.
“The Dallas area continues to benefit from a rapidly growing, diversified economy, which has produced strong lodging demand and RevPAR increases well above the national average,” said Southard. “This hotel is an institutional quality asset with a globally recognized brand affiliation located near one of the world's busiest airports, which attracted a number of domestic and foreign investors to the opportunity.”
The Hilton Arlington features the R Bar & Grill, F1RST breakfast buffet, 11,000 square feet of indoor meeting space, a fitness center, an indoor pool and a heated outdoor pool. The hotel is located just south of Dallas Fort Worth International Airport, across from the Six Flags Over Texas amusement park and near both
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
