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  • HFTP Research Report: Pre-opening Expenditures in Hospitality

    A study of the pre-opening budget; the timeline for these expenditures; timeline for onboarding of staff; and the selection, installation and training of the technology component. By Agnes DeFranco, Ed.

  • New Global Directors Join the 2018-2019 HFTP Board

    The HFTP 2018-2019 Global Board of Directors was installed during the association's 2018 Annual Convention and introduces new directors Toni Bau, Carson Booth, CHTP and Mark Fancourt. These extensive director profiles give insight into the distinguished professions and personal goals of HFTP's newest association leaders.

  • Letter from the HFTP Global President: At the End of the Year, We Reflect on the Best of the Year

    As we prepare to transition to the new HFTP Global board at the 2018 Annual Convention in October, I would like to take the time to reflect on my year serving as HFTP Global president.

  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

Hotel Occupancies, Rent Growth Remain Strong, with a Positive Outlook for 2019

National Real Estate Investor (NREI) Online ·20 November 2018
Hotels are doing better than ever. More rooms have been occupied in 2018 at higher rents than ever before."We are at peak performance--and we don't expect that to change much," says Jan Freitag, senior vice president of lodging insights for research firm STR.Hotel owners still worry about the rising costs to operate their businesses, however. Even though the average revenue produced by hotel rooms is likely to keep rising, room rates are not growing as quickly as the cost of operations."The name of the game is cost control," says Freitag.Demand for hotel rooms is still risingHotel rooms are full in cities and towns across the United States. Occupancy rates reached a cyclical high in 2018, according to Robin Trantham, a consultant with research firm CoStar Portfolio Strategy.Over the 12 months that ended in September, occupancy across the U.S. averaged 66.7 percent. "We are selling two out of three rooms all year," says Freitag. "We are at the strongest demand level ever."

Hotel Developers to Keep Building Through 2016 |

National Real Estate Investor (NREI) Online ·10 November 2015
A combination of strong demand and measured new supply additions has resulted in very healthy fundamentals for the hotel industry, but experts say 2016 may mark the last year of expansion in this cycle. Occupancy is expected to hit 65.6 percent by December, the highest annual level on record, according to a third quarter report from brokerage firm Marcus & Millichap. The average daily room rate has increased 5.2 percent to $120.99, and revenue per available room, or RevPAR, will reach almost $80 by the end of the year. Peter Nichols, national director in Marcus & Millichap's national hospitality group, says owners and investors are still skittish from the recession and keep an eye out for a downturn event.


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