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Hotel Managers Nailed Their Budgets In 2011

In the fall of 2010 when U.S. hotel managers were preparing their budgets for 2011, most industry participants were pleasantly surprised at the strong pace of the recovery in lodging demand.

Staffing For Prosperity

In 2010 it was the ability of U.S. hotel managers to control labor costs that was the driving force behind the subdued 3.4 percent increase in total operating expenses posted by the properties in our Trends in the Hotel Industry survey sample.

Here Come the Profits

Growth in profits

The U.S. lodging industry recovery may have begun in 2010, but it wasn't until 2011 that the improved prosperity was shared by most all hotels in the country.

The Cost of Guest Loyalty

Brand loyalty programs appear to be driving an increasing number of guests to U.S. hotels. However, this increased volume of room nights comes with an increased cost.

Taxes and the Deficit

Normally, this column is supposed to cover the tax changes over the prior year and how they impact the hospitality industry.

Giving And Taking Credit

From 2008 and 2009, the average U.S. hotel suffered a 13.2 percent decline in occupancy along with a 5.9 percent drop in average daily rate (ADR).

Hotel Spas Lag Industry Recovery

Hotel Spa Recovery LagsOver the years, PKF Hospitality Research (PKF-HR) has analyzed the cyclical nature of lodging industry.

Hotel Managers Labor to Control Labor

Coming out of lodging industry recessions, we have historically observed fairly significant increases in hotel operating expenses.

2012 Hotel Forecast: Recovery Better For Some, Not All

PKF-HR forecasts that rooms revenue (RevPAR) for U.S. hotels will rise 8.1 percent in 2011, and increase another 6.1 percent in 2012. Analyzing the performance of U.S. hotels in 2010 and 2011, we have seen the progression of indicators that one would expect during an industry recovery.

Lodging Asset Values in Recovery

Despite inconsistent economic news, increases in lodging demand and property-level net operating income (NOI) have most industry participants feeling optimistic that hotel property values are heading upward.