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Robert Mandelbaum

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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.
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.
Losers, and Less Losers, During 2020

Losers, and Less Losers, During 2020

To track operating performance during 2020, CBRE collected monthly operating statements from a sample of 2,000 hotels across the country. The sample consists of a diverse set of hotels based on property type and chain scale. Our analyses of year-to-date performance was based solely on hotels that operated throughout the year.
The Growth In Management Fee Expense

The Growth In Management Fee Expense

CBRE Hotels Research analyzed the performance of 840 hotels that reported paying a management fee each year from 2009 through 2019 for CBRE’s annual Trends® survey and studied some more recent trends from CBRE’s monthly survey of operating performance during 2020.
Operating Observations from 2020

Operating Observations from 2020

While the overall news is grim, during the year we did observe the strong efforts of U.S. hotel operators to minimize losses.