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News & Information

  • Ancillary Revenue In 2020: Resorts Benefit the Most

    by Robert Mandelbaum | Oct 13, 2020

    Last month CBRE Hotels Research analyzed the cost control measures U.S. hotel operators have implemented to mitigate the impact of the severe declines in revenue inflicting the lodging industry in 2020.  In short, the mostly controllable expenses within the operated departments were cut by 26.8 percent on a per-occupied-room (POR) basis in July 2020 compared to July 2019.  This trend continued into August 2020 when we observed operated department expenses decline by 30.6 percent compared to the same month of the prior year at the 1,800 properties in CBRE’s sample.

  • After Depressed Second Quarter, CBRE Projects U.S. Lodging Sector Recovery Path

    by Matt Mullen | Sep 01, 2020
    U.S. lodging demand is forecast to increase by a compound annual growth rate of 14.1 percent over the next four years, recovering to 2019 levels by Q3 2023.

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