Robert Mandelbaum and Bram Gallagher
Robert Mandelbaum is Director of Research Information Services for CBRE Hotels Research. Bram Gallagher, Ph.D., is Senior Economist for CBRE Hotels and CBRE Econometric Advisors. To benchmark the potential future performance of your hotel(s), please visit pip.cbrehotels.com/hotelhorizons, or contact Client Services at websales@cbre.com.
Missing Meetings: Limited Group Demand Hits Convention Hotels Hard
According to Kalibri Labs, the demand for lodging accommodations in the United States declined by 38.4 percent during the first half of 2020 compared to the first half of 2019. Digging into the source...
Recovery Patterns From Historical Recessions
Since the start of the COVID-19 pandemic, CBRE has analyzed the operating performance of U.S. hotels during historical economic recessions to estimate the level of depressed performance in 2020. Unfortunately, given the forecast declines...
Managing RevPAR for Profits
True to their title, the role of a revenue manager has traditionally been to maximize revenue—specifically RevPAR (revenue per available room), which can be achieved by increasing occupancy and/or average daily rates (ADR).
Basic economic...
Mostly Steady: The Outlook for U.S. Hotel Profits in 2018
Since 2014, U.S. lodging industry owners and operators have seen a steady decline in the pace of revenue growth. In 2014, rooms revenue per available room (RevPAR) increased by a healthy 8.2 percent, according...