gary mcdade
Hotel Rooms Departments Struggle to Control Expenses
the Authors | March 13, 2017
By Robert Mandelbaum and Gary McDade Changes in rooms revenue per available room (RevPAR), and RevPAR penetration receive a lot of attention from hotel managers. This is because the monies hotels receive from renting guest rooms is the major source of revenue across all property types in the U.S. According to the 2016 edition of Trends® in the Hotel Industry, rooms revenue averaged 68.1 percent of total operating revenue in 2015. This metric exceeds 97 percent at limited-service and extended-stay hotels. Alternatively, rooms revenue comprises only 51.8 percent of total revenue at resorts. Even more impressive than the contribution o...
Dual-Branded Hotels: Do Operating Efficiencies Exist?
Robert Mandelbaum and Gary McDade | May 27, 2015
By Robert Mandelbaum and Gary McDade The pace of new hotel construction is picking up. According to STR, Inc. there were 1,003 hotels under construction in the United States as of January 2015. This is up 31.8 percent from January 2014. Of the current hotels under construction, the most active chain-scales for developers are upper-midscale (37.9% of total projects) and upscale (34.5%). These segments are also very popular with consumers. One way developers are taking advantage of the popularity of these segments is to build dual-branded hotels. The majority of dual-branded properties in the U.S. consist of affiliations within the upper-...
Attendance and Expenditures Now Lead Recovery Of Group Demand
Robert Mandelbaum and Gary McDade | March 17, 2015
By Robert Mandelbaum and Gary McDade Group demand continued to grow in 2014, and 2015 will be another strong year. For a fourth straight year, PKF Hospitality Research (PKF-HR), a CBRE Company, has observed an increase in the number of events organized by meeting planners in 2014. Not only did a greater percentage of meeting planners report an increase in the number of events planned from 2013 to 2014, but a growing number of event organizers noted increased attendance at each meeting as well. According to the planners surveyed, growth in both the number of meetings and attendance should continue in 2015. Each year, PKF-HR asks meeting ...
