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Beating the Budget

Beating the Budget

Hotel managers achieved the winning formula in 2015—they exceeded their budgeted revenue projections while concurrently spending less than expected to operate their hotels. The result was a 2.2 percent profit surplus compared to budget. As general managers, controllers, and directors ...

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Airbnb Expands Its Reach Within the U.S.

Airbnb Expands Its Reach Within the U.S.

Airbnb has continued to grow throughout the United States in 2016, and recently in cities that heretofore have not felt the impact of the home-sharing behemoth. CBRE Hotels’ Americas Research released a report in February 2016 titled “The Sharing Economy ...

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Pace of New Bookings Continues to Decline

Pace of New Bookings Continues to Decline

NEW YORK—Heading into the latter summer months, the pace of new bookings continues to decline, with new August reservation commitments falling -2.8 percent. However, committed occupancy and average daily rates (ADR) for the fourth quarter of 2016 are showing signs ...

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USALI Changes Offer New Benchmarks for Hoteliers

USALI Changes Offer New Benchmarks for Hoteliers

Every 10 years or so, the Financial Management Committee (FMC) of the American Hotel & Lodging Association revises the Uniform System of Accounts for the Lodging Industry (USALI). The USALI serves as the industry standard for reporting hotel revenues and ...

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Reviewing Upper-Midscale Hotel Performance

Reviewing Upper-Midscale Hotel Performance

The largest chain scale in the United States is made up of hotels in the upper-midscale segment. Comprised of 9,100 hotels with almost 900,000 rooms, upper-midscale properties represent 18 percent of all hotel rooms and 26 percent of all chain-affiliated ...

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2016 Hotel Performance Still Backed by Digital

2016 Hotel Performance Still Backed by Digital

NEW YORK—Consistent with Q1 2016, hotel industry performance is continuing to strengthen, with Q2 2016 revenue per available room (RevPAR) increasing 3.8 percent year-over-year. According to data from TravelClick’s North American Distribution Review, bookings through online travel agents (OTAs), hotel ...

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