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AI’s Impact on Hotels
CBRE | July 18, 2024
By Rachael Rothman, Jack Corgel, and Christine Bang Artificial Intelligence (AI) and technology enhancements for hotels promise enhanced customer service, higher margins and expanded research and booking, with improved experiences for guests. Of equal importance is the likelihood that AI and broader technology improvements will materially shift the relationship between hotel brands, third-party management companies and hotel owners, as well as the relationship between the online travel agents (OTAs), metasearch platforms and the brands, owners and managers. Key Takeaways Potential implications of artificial intelligence and technology en...
U.S. Hotels Experienced Another Strong Year in 2018, but What’s on the Horizon? CBRE’s Lodging Insights
January 3, 2019
CBRE's Mark Woodworth and Jack Corgel wrap up 2018 with their take on the overall health of the economy, what indicators may tell us about the possibility of a recession on the horizon, and what period to period demand change says about overall economic performance. ...
January 2018 Lodging Insights Video Presented by CBRE
CBRE Hotels' Americas Research | January 19, 2018
Mark Woodworth and Jack Corgel discuss the changing profile of U.S. travelers, and how that has impacted lodging demand. ...
Which US Hotel Markets Are On the Bubble?
May 3, 2017
As the hotel industry continues on the path toward a downturn, it's time to begin looking at warning signs for which markets are poised to experience a large drop. By Jack Corgel, Managing Director, CBRE Hotels' Americas Research At a recent gathering, I was involved in a group conversation with hotel property investors who agreed that they have been "choking on the numbers" in certain U.S. hotel markets. Stated differently, their spreadsheet models explode once either acquisition prices or development costs are entered to evaluate hotel opportunities, especially in red-hot markets. They asked, "Should we pay such high p...
CBRE’s April 2017 Lodging Insights Video
CBRE | April 4, 2017
Mark Woodworth and Jack Corgel discuss our latest lodging industry forecasts. ...
Special Edition of Lodging Insights: Federal Reserve Rate Increase
CBRE | December 20, 2016
Mark Woodworth and Jack Corgel give their reaction to the Federal Reserve's rate increase and share their opinion on what it means for the lodging industry. The Federal Funds rate lies on the front end of the yield curve. Changes in this rate resulting from direct actions by the Federal Reserve affect changes in other short-term interest rates by similar magnitudes. Rates further out on the curve however are less responsive to changes in the Federal Funds rate, a situation Chairman Alan Greenspan who was once frustrated by this unresponsiveness described as an 'interest rate conundrum'. Other monetary policy methods can be introduced to...
CBRE’s Lodging Insights December 2016 Video
CBRE | December 12, 2016
Mark Woodworth and Jack Corgel discuss our latest lodging industry forecasts and where opportunities and risks exist in 2017. ...
CBRE’s Lodging Insights November 2016 Video
CBRE Hotels | November 23, 2016
Mark Woodworth and Jack Corgel update viewers on the recently updated forecasts from CBRE Hotels' Americas Research and their current thoughts on hot topics in the U.S. lodging industry. ...
