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Log In / Register | Apr 19, 2014

The Components of Hotel Labor Costs

Change in Avg Hourly Compensation vs UnemploymentLabor and related costs have long been the single expense category in operating a hotel.

Meeting Planners Are Positive For 2013

2013 vs 2012 Hotel Room RatesStrong gains in transient demand have led the U.S. lodging industry out of the depths of the 2008/2009 industry recession.

2013 Economic Scenarios for Hospitality

Mark Woodworth, president of PKF Hospitality Research, discusses the state of the U.S. lodging industry. He forecasts what could happen to RevPAR if the U.S. falls off the fiscal cliff. Hint: It's not pretty.

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.

Good News, U.S. Hotel Profit Recovery

According to the new PKF Trends survey, the U.S. lodging industry produced a 12.7% profit growth in 2011.  80.5% of participating hotels enjoyed an increase in total revenue while 72.3% achieved growth in profits. 

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).

Locals Up, Lounges Down

In past articles, PKF Hospitality Research (PKF-HR) has labeled the period 2000 to 2010 as the "lost decade" for the U.S. lodging industry. During this volatile period, hotel revenues remained virtually flat through two major recessions and one extended period of prosperity.

Hang Up the Phone, Hold the Starch, But Please Park My Car

The first ten years of the 21st century could be characterized as the lost decade for the U.S. lodging industry. From 2000 to 2009, the average hotel that participated in the annual Colliers PKF Hospitality Research (PKF-HR) Trends in the Hotel Industry survey experienced a negative 1.0 percent compound annual change in total revenue.

Optimism Rising for Meeting Planners

As U.S. lodging industry performance has turned positive in 2010, so too has the attitude of meeting planners, though not quite to the same degree.

Hotel Flags Ranked by 2009 Property Earnings

Inside looking up at Atlanta, Marriott
Interior view straight up of Marriott, Atlanta. Photo/Alexbrn