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.
Increasing Occupancy Rates Boost Labor Costs
One of the most significant findings of the 2015 edition of Trends in the Hotel Industry was the 4.9 percent rise in operating expenses (ExPAR) for U.S. hotels during 2014. This is the greatest...
Unpacking Utilities: How Consumption and Pricing Influence Costs
When managing utility costs, hoteliers need to understand how much they spend on each service. According to the 2015 edition of Trends in the Hotel Industry, hotel utility costs consist of four major components—electricity,...
Profits Rise Despite Initial Signs of Expense Growth
Results from the latest edition of Trends in the Hotel Industry reveal that U.S. hotels achieved a 12.3 percent increase in net operating income (NOI) during 2014. This marks the fourth consecutive year of...
More Properties Able to Cover Their Interest Payments
Much has been written about how U.S. hotel owners and operators are profiting from the current strong lodging market conditions. Revenues have returned to pre-recession levels and are expected to experience real growth through...
Examining Hotel Labor Costs
As revenues continue to grow for most U.S. hotels, the combined cost of salaries, wages, bonuses, and payroll-related expenditures has declined as a percent of total hotel revenue. In 2013, labor costs represented 32.3...