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Log In / Register | Feb 18, 2018

Effect of Payroll Tax Reduction on Lodging

1.5 Million more jobs will likely result in greater lodging demand and raised hotel profits from the newly passed tax plan. After suffering through the all-time worst year of performance in 2009, U.S. hotel owners and operators are eager for growth.

Hotels Profit from Attrition and Cancellation Income

One of the lessons learned by hotel management during the 2001 to 2003 industry recession was the importance of attrition and cancellation clauses in group contracts.

Recovery Outpaces Expectations

In a letter to subscribers of our Hotel Horizons forecast reports, Mark Woodworth, president of Colliers PKF Hospitality Research, summarized the performance of the U.S. lodging industry during the third quarter of 2010.

Right Direction, Wrong Amount

As U.S. hotel managers began to prepare their 2009 budgets in the summer of 2008 there was a sense that the following year was going to be challenging.

Trophies and Treasure

Given the minimal transaction activity that has occurred during 2009 and 2010, it has been a challenge to assess the state of the U.S. hotel real estate market.

Nine Out of Ten Hotels Lost Profits In 2009

By now everyone has heard just how much U.S. hotels suffered on the top line in 2009. The 16.7 percent decline in RevPAR reported by Smith Travel Research for 2009 was greater than any annual decrease in revenue published in PKF Hospitality Research's (PKF-HR) annual Trends in the Hotel Industry reports since 1932.

Retail Operations Contribute to Hotel Income and Guest Service

Retail operations within the lodging industry vary greatly. In limited-service, select-service hotels, and extended-stay properties the retail operation frequently consists of a kiosk located next to the front desk that sells magazines, snacks, drinks, and microwavable food.

Hotels: How to Recover in 2010

The March 2010 edition of PKF Hospitality Research's (PKF-HR) Hotel Horizons report predicts hotels in the U.S. will suffer a 1.1 percent decline in RevPAR for 2010, which will translate into an estimated 5.3 percent drop in net operating income (NOI) for the year.

Recession Overload for Hotel Spas

As we enter 2010, words like, “economic downturn” and “recession” are still lingering in everyone’s minds. The service industry among others was significantly impacted by the events commencing in the fall of 2008 and unfortunately, hotel spas were not immune.

The Recession Is Over?!? Now What?

In the December 2008, the National Bureau of Economic Research (NBER) made the official proclamation that the U. S. entered an economic recession in December 2007. As is sometimes the case, U.S. hoteliers began to feel the pain well before most other businesses.