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Luxury Hotels: Elevated Occupancy and Expenses
the Authors | December 16, 2019
By Mark Woodworth and Robert Mandelbaum Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August 2019, STR reports that just 0.7 percent of the hotels (2.3% of rooms) in the United States are chain-affiliated luxury hotels. Concurrently, the STR pipeline report shows that 1.2 percent of the properties (2.9% of rooms) either under construction or planned for development meet this criterion. The reasons for this attraction vary: Luxury hotels do achieve premium occupancy and ADR levels, that result in greater than average levels of...
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. ...
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. ...
CBRE’s Lodging Insights October 2016 Video
CBRE Hotels | October 21, 2016
Mark Woodworth and Jack Corgel update viewers on the latest forecasts from CBRE Hotels' Americas Research and their current thoughts on hot topics in the U.S. lodging industry. ...
