pkf consulting
CBRE Group, Inc. Completes Rebranding of PKF Consulting USA, PKF Hospitality Research, PKF Consulting Inc. (Canada)
CBRE Group, Inc. | January 28, 2016
Los Angeles, Calif. – January 28, 2016 – CBRE Group, Inc., the world's leading, full-service real estate and investment organization, today announced the completed rebranding and integration of PKF Consulting USA, PKF Hospitality Research and PKF Consulting Inc. (Canada) into its portfolio of global real estate services. Effective February 1, 2016, PKF Consulting USA, PKF Hospitality Research and PKF Consulting Inc. (Canada) will operate as CBRE Hotels, an existing specialized advisory group within CBRE. The enhanced team will provide hospitality and real estate industry professionals with a global practice and one-stop shop...
Labor Costs, Inflation and Hotel Profit Crosscurrents
PKF Consulting | CBRE Hotels | November 23, 2015
By Jack Corgel, Ph. D. and Ryan Speed How the future profitability of U. S. hotels may be influenced by simultaneous improvement of labor market conditions and increasing inflation is the subject of this edition of Hotel Currents™. A narrowing of the gap between the demand and supply of labor, as evidenced by the declining unemployment rate usually results in upward pressure on wages as should the ongoing political actions to elevate minimum wages. Wage growth has been sluggish during the recovery from the Great Recession. However, Moody's Analytics chief economist Mark Zandi recently stated in a company report that "a pickup in w...
Caribbean Hotels Enjoy Fourth Consecutive Year of Double-Digit NOI Growth
PKF Hospitality Research, a CBRE Company | September 8, 2015
September 8, 2015, Atlanta, Ga. – Caribbean hotels are enjoying their continued run of double-digit net operating income (NOI) growth according to the newly released 2015 edition of Trends® in the Caribbean Hotel Industry by PKF Consulting (PKFC), a CBRE Company. According to the report, the average Caribbean hotel experienced a 17.3 percent increase in NOI during 2014, marking the fourth consecutive year that Caribbean hotels have seen a double-digit increase in NOI. Revenues and Expense The Caribbean hotel industry is made up of a large number of unique resort properties in various destinations which provides the opportunity to gen...
