U.S. Hotel Viewpoint | Are Hotels a Hedge Against Inflation in the Modern Era?

U.S. Hotel Viewpoint | Are Hotels a Hedge Against Inflation in the Modern Era?

The inflation effect is only statistically significant in luxury hotels. In fact, luxury hotels seem to benefit directly from inflation.
Hotels Owners Interested in Interest

Hotels Owners Interested in Interest

To analyze the impact that declining EBITDA levels had on the ability of hotel owners to pay their interest expense, CBRE studied a sample of 1,121 hotels that reported interest payments in their operating statements for the years 2019 and 2020.
Controlling Telecommunication Costs

Controlling Telecommunication Costs

Although telecommunications costs account for a small percentage of expenses, data during 2015 through 2019 revealed a significant upward trend in telecom related expenditures. To achieve more efficient hotel operations and survive the changing landscape, hotel owners and operators are finding new ways to control telecommunications expenses.
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US Hotels State of the Union September 2022 Edition

US Hotels State of the Union September 2022 Edition

A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry
Property Operation and Maintenance – Maintaining the Value

Property Operation and Maintenance – Maintaining the Value

As noted by the results of the JD Power survey, maintenance of the physical facility is needed to preserve guest satisfaction and justify the current growth in ADR.
Trends in Fixed vs. Variable Cost Analysis

Trends in Fixed vs. Variable Cost Analysis

Hotel owners and operators need to understand how changes in occupancy post COVID affect strategies for maximizing profitability.
US Hotels State of the Union - Labor Day 2022 Edition

US Hotels State of the Union - Labor Day 2022 Edition

A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry
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

If history is a guide, then investors should expect hotel incomes to keep pace with inflation during this current period of high and seemingly persistent inflation
Quantifying The Franchise Relationship During COVID-19

Quantifying The Franchise Relationship During COVID-19

The relationship between the hotel brands and their franchisees was favorable and constructive in 2020. Both recognized that the impact of COVID was largely out of their control, and the best chances for both entities to survive relied on cooperation.
Long-Run (1946-2020) Effects of Inflation on Hotel Operating Performance

Long-Run (1946-2020) Effects of Inflation on Hotel Operating Performance

The inflation effect on hotel revenues and expenses was statistically significant. Read on to see if revenues or expenses were more closely tied to inflation.
Information and Telecommunications Costs

Information and Telecommunications Costs

Just as technology has become more ubiquitous throughout our lives, it is now impacting guest service and hotel operations throughout all departments in a hotel. To provide more exposure to the growing costs associated with hotel information and technology systems, the 11th edition of the Uniform System of Account for the Lodging Industry added a discrete undistributed department to capture these expenses.
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

A concern among commercial real estate investors (especially hotel investors because of the high sensitivity to macroeconomic conditions) is a rate-driven economic slowdown that threatens property income growth. This article addresses the sensitivity of hotel cap rates to changes in the 10-year.
US Hotels State of the Union May 2022 Edition

US Hotels State of the Union May 2022 Edition

A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry
Hotel Property Taxes - An Opportunity to Cut a Cost

Hotel Property Taxes - An Opportunity to Cut a Cost

U.S. hotel property tax expenditures declined by 13.0% from 2020 to 2021. This decline put 2021 property taxes 9.9% below 2019 levels.
U.S. Hotels State of the Union April 2022 Edition

U.S. Hotels State of the Union April 2022 Edition

A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry