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Robert Mandelbaum

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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.
Hotel Insurance – A Largely Uncontrollable Cost

Hotel Insurance – A Largely Uncontrollable Cost

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. hotels that reported insurance expenses for the Trends® survey each year from 2015 through 2021 (estimated).
Investing in Training Hotel Employees

Investing in Training Hotel Employees

Given the challenges U.S. hotels are having attracting and retaining employees, the need to invest in employee training is as great as it has ever been.
Shifts in Marketing Department Expenditures Reveals Changes In Tactics During Recession

Shifts in Marketing Department Expenditures Reveals Changes In Tactics During Recession

A review of the changes in marketing department expenditures from 2019 to 2020 provides some interesting insights into how U.S. hotels adjusted their unit-level marketing tactics in response to the industry recession.
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.
Labor Cost Trends in 2020

Labor Cost Trends in 2020

In 2020, total labor and related costs were cut by 51.8% to offset the 58.0% decline in total revenue.