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Hotel Industry Icon, Bruce Baltin, Passes Away
March 20, 2023
March 20, 2023− Hotel Industry Consultant Bruce Baltin, an industry icon for more than five decades, passed away suddenly at age 79 earlier this month. He is survived by his wife, Tammi Baltin, his brother, Mark Baltin, his sister, Suzanne Jacobs, and his sons, Steven Baltin and Brian Baltin. Baltin spent his entire career as a hotel consultant. He returned to PKF Hospitality Group as a Director in the US Office in 2022, following a long career with the firm that began in 1970. Baltin became a partner at Pannell Kerr Forster in 1978 and a founding shareholder in the newly launched PKF Consulting practice in 1992. He served as Managing Dire...
Hotel Spa Departments Generate Healthy Profits
PKF Consulting|CBRE Hotels | October 22, 2015
Benefits Extend Beyond the Spa Department October 22, 2015, Boston, Ma. – Hotel spa departments continue to contribute to the revenue and profit growth of U.S. hotels. According to the 2015 edition of Trends® in the Hotel Spa Industry, hotel spa department revenues increased by 5.1 percent in 2014, while spa department profits grew 10.5 percent. "The benefit of having a hotel spa can go beyond the direct financial contributions of the spa department," said Andrea Foster, managing director for PKF Consulting|CBRE Hotels (PKFC) and director of the firm's spa and wellness consulting practice. "When we compared the performance of ...
Budget Accuracy Benefits All
the Authors and PKF-HR | October 20, 2015
by Robert Mandelbaum and Viet Vo Since 2001, PKF Hospitality Research, a CBRE Company (PKF-HR), has assessed the accuracy of hotel budgets. Over the past 14 years, one trend has become very predictable. During times of industry prosperity, hotel budgets are extremely accurate. During the depths of the 2001 and 2009 industry recessions, hotel managers underestimated their revenue levels by an average of 10.4 percent, while the profit deficits averaged 23.4 percent. Conversely, when the industry has been in periods of growth, the budget variance for revenues has been a positive 0.6 percent on average, while profit goals were exceeded by 1...
