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.
Recent Urban Migrations and Hotel Markets
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.
Overpaying for Hotel Properties – Which Ones?
The cities that provided solid investment returns in 2019 may lag other cities in 2023 and beyond. The business hotels that provided solid investment returns in 2019 may underperform leisure hotels in the future. The types of hotels that investors will ‘pay up’ for in the coming years may differ from those selected prior to the COVID-19 pandemic.