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Robert Mandelbaum

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Robert Mandelbaum is Director of Research Information Services for CBRE Hotels Research. CBRE forecast and financial benchmarking reports can be found at pip.cbrehotels.com.
hotel gop

Losers and Lesser Losers: Tracking Hotel Operating Performance in 2020

In 2020, U.S. hotels suffered the worst year of operating performance since CBRE began tracking profitability in 1938. During the year, the average hotel in CBRE’s monthly survey of U.S. operating performance experienced a...
Revenue management during a downturn

Evolving Fees: The Growth in Management Expenses

In 2019, 86 percent of hotels that participated in CBRE Hotels Research’s annual Trends in the Hotel Industry survey of property-level operating statements reported the payment of a management fee. On average, these hotels...
Hotel room service

2020 Takeaways: Operating Observations From Last Year

In 2020, U.S. hotels suffered the worst year of operating performance since CBRE began tracking profitability in 1938. During the year, the average hotel in CBRE’s monthly survey of U.S. operating performance experienced a...
COVID-19

Mixed Messages: COVID and Economic News Impacting the Performance of the U.S. Lodging Industry

While the surge in COVID-19 infections during the last few months of 2020 dampened expectations through the first half of 2021, news of effective vaccines solidified the projections that U.S. lodging industry recovery would...
Money

A Tight Ship: Hotel Operators Adapt and Survive in 2020

Faced with the greatest declines in revenue since the 1930s, U.S. hotel operators in 2020 have demonstrated their ability to adapt to difficult market environments and squeeze the greatest efficiencies from their operations. Through...
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