Hunden Partners Presented State of the Industry Findings to Association of Luxury Suite Directors...
Hunden Partners presented its 2023 State of the Industry findings in Indianapolis, IN
ALSD Design & Build Conference Highlights Hunden Partners' Data-Driven Predictions in Major League Sports Facilities.
CHICAGO, August 8, 2023 (Newswire.com) - Hunden Partners (Hunden), a full-service, national real estate development advisory practice, presented its latest State of the Industry findings at the 2023 Association of Luxury Suite Directors (ALSD) Design & Build Conference, which took place July 9-11, 2023, at the JW Marriott in Indianapolis. Hunden's annual State of the Industry report highlights data-driven predictions and trends in major league sports facilities.
Rob Hunden, Hunden's President & CEO, presented the findings to attendees, including statistics on facility development and renovation expenditures, specific profiles of all new and proposed major league facilities, and cost trends. Globally, the spectator sports market is a $185.34 billion industry in 2023, and premium seating and experiences are an essential contributor to revenue generation for pro and college teams.
"Premium seating directors are charged with managing one of the most crucial revenue sources at major venues, and it's imperative that they stay abreast of trends, opportunities, and challenges affecting sports facilities and event hospitality," says Hunden. "We've enjoyed our partnership with the ALSD and will continue to share our expertise to support its members' success."
Highlights from Hunden's State of the Industry report include:
- Major League Sports Projects: In 2023, there are about $4.5 billion worth of major league sports projects under construction. The total spending on new major league facilities is increasing, despite fewer venues being constructed.
- Cost per Venue: The average cost per new venue across the three most recent openings varies across different leagues. The NFL has the highest average cost at $2.8 billion, followed by MLB at $1.6 billion, NBA at $1.3 billion, NHL at $946 million, and MLS at $643 million.
- Renovations: Over the past 10 years, an average of nearly $1 billion has been spent per year in major league renovations across the five leagues.
- New Builds and Renovations in Major Leagues: The report provides updates on new builds and renovations in each of the major sports leagues, including NBA, NFL, MLB, NHL, and MLS.
Hunden also presented insights on mixed-use district trends and the increasing role they play in funding and development models for new major league venues. Mix-used districts have been proposed or initiated in several major league efforts, including:
- Houston Astros Minute Maid Park
- Cleveland Browns
- Rogers Place ICE District (Edmonton, Canada)
- San Jose Sharks SAP Center
- Honda Center Entertainment District (Anaheim, CA)
"Team owners see a diversified asset base of real estate as key to estate planning, especially if the team is their primary asset," explained Hunden. "More important, these districts create a sustainable mixed-use neighborhood model if well-conceived and executed, as well as a basis for new tax funding streams for any public investment in the area."
Rob Hunden's full presentation, State of the Industry 2023, is available for download at https://hunden.com/downloads/
About Hunden Partners
Hunden Partners is a leading real estate and destination development consulting firm, with professionals in Chicago, San Diego, and Minneapolis. The firm offers a full range of advisory, market and financial feasibility, economic and impact analyses for specialty destination assets such as sports facilities, mixed-use, and entertainment districts, convention and expo centers, hotels, entertainment venues, theme parks, recreation facilities, and other economic development projects.
In addition, Hunden also provides the developer solicitation and selection experience to move projects from concept to funding and execution. Hunden's clients include cities, states, universities, DMOs, authorities, and private developers. Hunden has worked on more than 1,000 studies and has had a hand in the development of more than $20 billion in open or underway projects around the world.
For more information, please visit: https://hunden.com
Contact Information:Laura Sportiello
Vice President, Business Development
[email protected]
312-643-2500
Original Source: Hunden Partners Presented State of the Industry Findings to Association of Luxury Suite Directors 2023
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Visited App Publishes List of Most Popular Ski Destinations in the World
TORONTO - November 2, 2022 - (Newswire.com)
Visited, a popular travel app published by Arriving In High Heels Corporation, has published a list of the top 10 most popular ski slopes in the world based on data of international skiers.
Visited, available on iOS or Android, is a travel app which aims to inspire travelers to see the world and help them relieve their travel memories. The travel app, also allows users to get a custom map of their travels, find new destinations, check off places from bucket lists and get custom-printed travel maps.
The most visited ski slopes in the world include European resorts with Alpine views and rugged Rocky Mountain slopes in the U.S. The top 10 most popular ski destinations according to Visited include:
- Dolomites, Italy in northern Italy attracts the most skiers for its scenic Alpine slopes and a wide variety of slopes to suit all levels.
- Chamonix, France has 5 slopes and breathtaking beauty in the French Alps conveniently located just 1 hour from Geneva international airport.
- Innsbruck, Austria includes 13 world-class ski resorts in the pristine Alps. Innsbruck has hosted two Winter Olympics and offers top-level slopes.
- Zermatt, Switzerland serves up year-round skiing in the beautiful Alps.
- Val d'Isere, France has consistent snowfall and picturesque skiing for all levels in the French Alps.
- Vail, United States is the most popular U.S. ski destination, with rugged slopes for all levels in the beautiful Rocky Mountains.
- Breckenridge, United States has five peaks and expansive mountain views in Colorado's Rocky Mountains.
- Val Thorens, France is the highest ski resort in the Alps and is part of the 3 Valleys of Val Thorens, the world's largest ski area.
- Sudtirol, Italy - or South Tyrol - has scenic skiing for all levels in the Italian Alps.
- Zell am See, Austria features snow-capped mountains and beginner and intermediate-level skiing in the Austrian Alps.
To see the complete list of the most popular ski slopes and over 50 bucket lists of the top travel destinations in the world, download Visited on iOS or Android.
To learn more about the Visited app, visit https://visitedapp.com.
About Arriving In High Heels Corporation
Arriving In High Heels Corporation is a mobile app company with apps including Pay Off Debt, X-Walk, and Visited, their most popular app.
Contact Information
Anna Kayfitz
[email protected]
Contact Information:
Anna Kayfitz
CEO
[email protected]
Press Release Service by Newswire.com
Original Source: Visited App Publishes List of Most Popular Ski Destinations in the World