Tag: 2020
Labor Cost Trends in 2020
Based on CBRE’s survey of monthly operating performance, U.S. hotels experienced a 58 percent decline in total hotel revenues from 2019 to 2020. This...
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...
Global Hotel Pipeline Down Slightly in 2020
PORTSMOUTH, N.H. — At the end of 2020, the global hotel construction pipeline stood at 13,943 projects/2,312,410 rooms—down 7 percent by projects and 6...
Latin America Hotel Pipeline Down 11 Percent at the End of 2020
PORTSMOUTH, N.H. — Latin America had 632 projects/109,597 rooms in its hotel construction pipeline at the end of 2020, down 11 percent by projects...
U.S. Ends 2020 With 5,216 Hotels in the Pipeline
PORTSMOUTH, N.H. — According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for the United States, the total U.S. hotel construction pipeline stood at...