Hampton Roads Virginia Hotels
Transaction activity in the Hampton Roads hotel sector is particularly strong during the summer months. In January 2015, the Grand Ocean Hotel in Virginia Beach sold approximately 85,000 rooms. That is more than double the number in 2004 and 2008 and almost double the number in 2013. The Memorial Day to Labor Day period is the busiest time of the year to visit the Hampton, Virginia area, according to data from the Virginia Department of Tourism and Economic Development (VDED). The demand for tourism and leisure, which attracts hotels and hotels in the region in general, as well as hotels along the coast, peaks in spring and autumn each year, but peaks again in July and August, the summer months, which attract tourism and leisure requirements.
In the Hampton Roads market in Williamsburg, hotel revenues fell 68% and available rooms by 10.4%, but data shows that rooms sold fell only 8.5%. The markets of Chesapeake and Suffolk fared better than the other submarkets in Hampton. In the Virginia Beach market, available room sales declined 9.6% in the summer months, while room sales declined only 4.2% in the year.
ODU says RevPAR has fallen 31% in the last four weeks compared to the same period in 2019. Norfolk and Virginia Beach outperformed Hampton Roads hotels in the first half of the year, with sales tax declines of 31.5% and 9.2%, respectively. But the trend has reversed in recent months, as Norfolk and Virginia Beach hotels reported higher occupancy rates and average rates above the overall market.
Between 2010 and 2012, many new non-stop destinations were added, and there were several brand changes and rebuilds. Recent openings include Value Place in Virginia Beach, which opened in March 2015, and Hampton Roads Inn & Suites in Norfolk, which opened in May 2014. Other changes include an $11.7 million renovation completed in July at the Hilton Norfolk and the $1.5 million conversion of the hotel garage into a hotel parking lot.
The Hampton Hotel has increased its presence in Buckroe Beach, home to the 1957 Hampton Roads Bridge and the tunnel that leads to the Chesapeake Bay and the Atlantic Ocean. The streets of Hampton also include a canal that connects Virginia Beach and Norfolk, the state's two largest cities, creating one of the largest natural harbors in the world.
Each division of the US military is present at Hampton Roads, with the region's seven major military facilities spread across four counties (Virginia, Maryland, North Carolina, South Carolina, and Virginia Beach) and the military bases employing an additional 40,000 civilians. With such a large military presence in Hampton, it is no surprise that hotels in the area offer discounts for government employees and military personnel.
If you're looking for a mid-range hotel in Hampton to add to your travel budget, consider some of the most affordable options in the area. If you are looking for luxury hotels that offer little extra during your stay, you will find a wealth of options.
Best - Choice Hotels brands based on HotelPlanners review results, and Best Western Hotels are the top rated independent hotels in Hampton Roads, Virginia. There are more than 1,000 hotels with a rating of 1.5 or higher in the Hampton Road area, but few of them have ratings of 2.0 or better. Choice hotels and brands with the highest ratings are those that receive the highest rating based on user ratings and the lowest rating.
The top rated hotels and hotels of the IHG brand in the Hampton Road area are hotels based on customer reviews from the last 365 days. The top rated hotel in Hampton Roads, Virginia, is the highest rated hotel and brand with a rating of 1.5 or higher. Best - Hotels, brands and independent hotels with 2.0 or better ratings are the most popular hotel brands and brands in Virginia, based on the user's rating results.
There is some segmentation of supply, including state and military agencies that operate on day-to-day activities or are heavily influenced by activities that are occurring in the Hampton Road area, such as the Virginia Tech campus and Naval Air Station Hampton Roads. Overall, however, the region has proved to be a significant source of hotel supplies for the US Department of Defense. Among the MSA figures as a whole, there is one area where economy hotels account for 19% of the total room offer, with upper to middle and upscale hotels accounting for a higher percentage of all rooms.
In addition to the economic forces already mentioned, the region also benefits from a thriving tourism industry that includes the Hampton Roads Convention and Visitors Bureau, Virginia Tech, and the Virginia Museum of Natural History. Among the many attractions is the Casemate Museum of Fort Monroe, located in the historic fort. If you want to explore Sandy Bottom Natural Park or spend an afternoon at the Peninsula Town Center, the Quality Inn Near Hampton Coliseum is close to the action. This hotel is just blocks from the University of Virginia campus and Naval Air Station Hampton Road.