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.
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...
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...
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...
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...
The Cost of COVID-19: Owners Face a Severe Hit to Their Fiscal Health
The COVID-19 virus has had an extreme negative impact on the U.S. lodging industry. According to CBRE’s June 2020 edition of Hotel Horizons, lodging demand in the United States will decline by 37 percent...