Hotel Currents: Economics and Hotel Financial Performance
Hotel Currents: Economics and Hotel Financial Performance

Hotel Currents: Economics and Hotel Financial Performance
By Jack B. Corgel
CBRE Hotels · 8 Nov

CBRE Hotels Research specializes in translating national and local economic conditions into measures of hospitality market and property-level financi

CBRE Hotels
Controlling U.S. Hotel Utility Costs

Controlling U.S. Hotel Utility Costs
By Robert Mandelbaum, Ethan Gabany
CBRE Hotels · 1 Nov

Annual changes in U.S. hotel utility costs and in the Consumer Price Index (CPI), or inflation, have historically proven to be strongly correlated. A

Part 2 | Long-run (1946-2020) Effects of Inflation on Hotel Operating Performance
Part 2 | Long-run (1946-2020) Effects of Inflation on Hotel Operating Performance

Part 2 | Long-run (1946-2020) Effects of Inflation on Hotel Operating Performance
By Jack B. Corgel
CBRE Hotels · 7 Sep

In Part 1 of this series, I highlighted that hotel property investors transact to acquire both real estate and the operating businesses with their va

CBRE Hotels
Part 1 | Long-Run (1946-2020) Effects of Inflation on Hotel Operating Performance

Part 1 | Long-Run (1946-2020) Effects of Inflation on Hotel Operating Performance
By Jack B. Corgel
CBRE Hotels · 3 Aug

The recent price surge for many goods and services in the U.S. raises the prospect for an extended period of persistent high inflation. Conventional

CBRE Hotels
Quantifying The Franchise Relationship During COVID-19

Quantifying The Franchise Relationship During COVID-19
By Robert Mandelbaum
CBRE Hotels · 1 Aug

In 2020, the average hotel in CBRE’s annual Trends® in the Hotel Industry survey experienced a 108 percent decline in earnings before interest, taxes

How Do Changes in the 10-Year Treasury Rate Affect Hotel Capitalization Rates
How Do Changes in the 10-Year Treasury Rate Affect Hotel Capitalization Rates

How Do Changes in the 10-Year Treasury Rate Affect Hotel Capitalization Rates
By Jack B. Corgel
CBRE Hotels · 1 Jun

On December 31, 2021, the constant maturity, 10-year U.S. Treasury note (the 10-year) stood at 1.52 percent. The 10-year now hovers around 3.0 percen

CBRE Hotels
Hotel Property Taxes – An Opportunity to Cut a Cost

Hotel Property Taxes – An Opportunity to Cut a Cost
By Robert Mandelbaum, Mark Whitney
CBRE Hotels · 27 May

According to the March 2022 edition of CBRE’s Hotel Horizons® national forecast report, the total revenue for a typical U.S. hotel is not expected to

CBRE Hotels
A Recap of The 33rd Annual Hunter Hotel Investment Conference

A Recap of The 33rd Annual Hunter Hotel Investment Conference
By Jack B. Corgel
CBRE Hotels · 12 Apr

Hunter Hotel Advisors sponsored their annual hotel investment conference March 22-24, 2022, at the Atlanta Marriott Marques, attended by 1,726 hotel

CBRE Hotels
Hotel Insurance – A Largely Uncontrollable Cost

Hotel Insurance – A Largely Uncontrollable Cost
By Robert Mandelbaum
CBRE Hotels · 5 Apr

To analyze recent changes in hotel insurance costs, and the factors that influence those changes, we examined the operating statements of 3,156 U.S.

CBRE Hotels
Shifts in Marketing Department Expenditures Reveals Changes In Tactics During Recession

Shifts in Marketing Department Expenditures Reveals Changes In Tactics During Recession
By Robert Mandelbaum
CBRE Hotels · 28 Oct

According to the 2021 edition of CBRE’s Trends® in the Hotel Industry report, total operating revenue for the average hotel in the sample declined by

CBRE Hotels
Hotels Owners Interested in Interest

Hotels Owners Interested in Interest
By Robert Mandelbaum, Mark K. Owens
CBRE Hotels · 1 Oct

Hotels Owners Interested in Interest To analyze the impact that declining EBITDA levels had on the ability of hotel owners to pay their interest expe

CBRE Hotels
Labor Cost Trends in 2020

Labor Cost Trends in 2020
By Robert Mandelbaum, David W. Heath
CBRE Hotels · 2 Aug

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

CBRE Hotels
Touring NCREIF's Property Total Return Index

Touring NCREIF's Property Total Return Index
By Jack B. Corgel
CBRE Hotels · 7 Jul

Hotel real estate investors need to measure both the absolute and relative financial performance of their properties. A 10% annual return may appear

CBRE Hotels
Controlling Telecommunication Costs

Controlling Telecommunication Costs
By Robert Mandelbaum, Michael Kane
CBRE Hotels · 2 Jul

Although telecommunications costs account for a small percentage of expenses, data during 2015 through 2019 revealed a significant upward trend in te

CBRE Hotels
The Growth In Management Fee Expense

The Growth In Management Fee Expense
By Robert Mandelbaum
CBRE Hotels · 1 May

In 2019, 86% of the hotels that participated in CBRE Hotels Research's annual Trends® in the Hotel Industry survey of property-level operating statem