Robert Mandelbaum
Robert Mandelbaum is Director of Research Information Services for CBRE Hotels’ Americas Research. CBRE offers hotel managers several tools and reports to assist them in the preparation of their 2019 budgets.
For more information, please visit pip.cbrehotels.com, or call (855) 223-1200.
Budgeting Accuracy: Why U.S. Lodging Performance Fell Short of 2017 Expectations
In 2017, the actual achieved levels of
occupancy, average daily rate (ADR), total revenue, and profits for U.S. hotels were less than their respective budgeted amounts. After a five-year period (2011 through 2015) of...
How Contract and Non-Management Employee Payrolls Rose in 2017
As the pace of revenue growth continues to decelerate for U.S. hotels, the ability of hotel operators to control costs will determine the ability of a property to increase profits from year to year....
Cost Controls Perpetuated U.S. Profit Growth in 2017
U.S. hoteliers enjoyed an eighth consecutive year of increasing profits in 2017, despite another slowdown in the rate of revenue growth. According to the 2018 edition of Trends in the Hotel Industry, total operating...
Examining the Segments Within Extended-Stay Hotels
When investing in hotels, two of the metrics most frequently evaluated are recent year-over-year trends in revenues and profits, as well as current performance values. Investors need to balance the current levels of a...
Keeping the Lights Off: U.S. Hotel Utility Expenditures Drop
The pace of revenue growth is slowing for the U.S. lodging industry. Per STR, the pace of RevPAR (revenue per available room) increases has decelerated each year from 2014 through 2017. According to the...
Overhauling Other Operated Departments in a Hotel
In lodging industry parlance, other operated departments are frequently referred to as minor operated departments. Based on recent trends in other operated department revenues and profits, these sources of income have become less consequential...
