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Author Archives: Robert Mandelbaum

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Revenue Premiums Offset Great Costs in Historic Hotels

Revenue Premiums Offset Great Costs in Historic Hotels

When old hotels age gracefully and purposefully, they are able to achieve “grande dame” status. These properties typically compete in the luxury or upper-upscale market segments and frequently outperform the contemporary competition when it comes to occupancy and average daily ...

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Increasing Occupancy Rates Boost Labor Costs

Increasing Occupancy Rates Boost Labor Costs

One of the most significant findings of the 2015 edition of Trends in the Hotel Industry was the 4.9 percent rise in operating expenses (ExPAR) for U.S. hotels during 2014. This is the greatest annual increase in ExPAR since 2007, ...

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More Properties Able to Cover Their Interest Payments

More Properties Able to Cover Their Interest Payments

Much has been written about how U.S. hotel owners and operators are profiting from the current strong lodging market conditions. Revenues have returned to pre-recession levels and are expected to experience real growth through 2017. On the bottom line, net ...

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Examining Hotel Labor Costs

Examining Hotel Labor Costs

As revenues continue to grow for most U.S. hotels, the combined cost of salaries, wages, bonuses, and payroll-related expenditures has declined as a percent of total hotel revenue. In 2013, labor costs represented 32.3 percent of total revenue, down from ...

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