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Robert Mandelbaum and Joe Snider

Robert Mandelbaum is research director for CBRE Hotels Research. Joe Snider, NCARB | WELL AP | LEED Fellow is senior manager, corporate responsibility & environment, Americas for IHG Hotels & Resorts.
utility costs

Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...

Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility department expenses increased from 2.9 percent of total revenue in...