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Robert Mandelbaum

Robert Mandelbaum is Director of Research Information Services for CBRE Hotels Americas Research.

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...
analyst looking at financials

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....
profit growth, recovered

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...
Extended-stay guest

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...
Light switch, energy, utility

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...