Robert Mandelbaum
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.
With Increased Efficiency, More Dollars Flow to the Bottom Line
Much has been written about the strong topline performance of the U.S. lodging industry since the Great Recession. According to STR Inc., national occupancy levels increased from 54.5 percent in 2009 to 62.2 percent...
U.S. Hotels in Profitable Portion of Recovery Cycle
Despite the slowdown in the pace of revenue per available room (RevPAR) growth in 2013, U.S. hotels were able to sustain strong gains in net operating income (NOI) during the year. Looking forward, the...
Hotels Continue to Invest in People and Technology
The introduction of technology has influenced the duties of on-site hotel sales personnel over the years. The Internet, sophisticated revenue management programs, and social media provide marketing professionals with an array of new tools....
Powering Down: Hotels Are Controlling Utility Costs
According to the 2013 edition of PKF’s Trends in the Hotel Industry report, total operating expenses for the average U.S. hotel increased by 3.3 percent in 2012. During the year, all major expense categories...
Shift in Hotel Retail Impacts Revenues and Profits
Hotels provide retail operations primarily for guest convenience and satisfaction and, in general, are only a small part of total hotel revenue. For the properties in PKF’s Trends in the Hotel Industry database, retail...