jamie lane
Airbnb – Coming To A Market Near You
Jamie Lane | September 21, 2016
By Jamie Lane Airbnb has continued to grow throughout the United States in 2016, and recently in cities that heretofore have yet to feel the impact. CBRE Hotels' Americas Research released a report in February 2016 entitled, The Sharing Economy Checks In: An Analysis of Airbnb in the United State. The report analyzed Airbnb performance data provided by Airdna[1]. In the report, it was found that more than 55 percent of the $2.4 billion in revenue generated by Airbnb nationwide from October 2014 to September 2015 was captured in only five U.S. cites (New York, Los Angeles, San Francisco, Miami, and Boston). Since then, we have seen much ...
Hotel Performance Following Natural Disasters
PKF-HR | CBRE Hotels | November 4, 2015
By Jamie Lane and Brett Edgerton The human tragedy wrought by natural disasters, such as the recent damage done along the Atlantic coast by Hurricane Joaquin, can be tremendous. The death toll within the United States and the Caribbean related to this event is estimated to be in the double digits, and the remediation costs projected to be in the billions. Hotels, as any business in catastrophes, face threats related to such events. The hotel industry is exposed to the physical risk of its property being damaged as well as the economic risk of tourism suffering as people avoid areas disrupted by the disaster. Furthermore, areas most heav...
How Profitable Will RevPAR Growth Be in 2015?
Robert Mandelbaum and Jamie Lane | June 24, 2015
By Robert Mandelbaum and Jamie Lane Like other industries, profits in the hotel business are achieved when revenues exceed the cost of operations. In 2015, there are several factors that will enhance the ability of hotel managers to control their operating expenses: According to Moody's Analytics, the pace of inflation is forecast to be a mere 0.6 percent. This will help curb the growth in the cost of the goods and services purchased by hotels, including utilities. In the March 2015 edition of Hotel Horizons®, PKF Hospitality Research (PKF-HR), a CBRE Company, is forecasting occupancy to increase by 1.9 percent in 2015. This is les...
Low Oil Prices: Upside Potential for the Lodging Industry
February 5, 2015
By Mark Woodworth & Jamie Lane For the past four years, there has been much to be happy about for most industry participants as the U.S. lodging industry recovered from the troughs of the Great Recession. As we enter the initial months of the New Year, there are many reasons to believe that 2015 will be another great year for most industry participants. We will likely see a record occupancy level achieved in the U.S. this year and conditions in the vast majority of markets will support aggressive pricing strategies. This should lead to the 5th consecutive year of significant room rate increases for most and contribute to another yea...
