pkf hospitality research
Geopolitical Events, Fear and the Hotel Market
Bram Gallagher | January 28, 2016
By Bram Gallagher, Economist at PKF Hospitality Research, a CBRE Company Conventional hotel market predictions are based on time series analysis of key variables, and these kinds of predictions have well-understood properties when businesses operate as usual. Exogenous demand shocks—shocks originating beyond the scope of any particular hotel market—have the potential to create unpredictable disturbances, in part by creating emotional or psychological barriers to travel that we call stigma or fear of travel. Previous research by PKF Hospitality Research, a CBRE company, into exogenous demand shocks examined fear of travel bro...
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...
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...
PKF-HR Issues U.S. Lodging Forecast at Historic Hotels of America Annual Conference
PKF Consulting, USA, a CBRE Company | October 15, 2015
Historic hotels achieve a substantial premium in ADR and REVPAR over comparable contemporary hotels. Washington, DC – October 15, 2015 - The outlook for the U.S. lodging industry, particularly historic hotels, continues to be extremely strong, according to PKF Hospitality Research (PKF-HR is a CBRE company). For the second consecutive year, PKF Hospitality Research, a CBRE Company (PKF-HR) presented a Historic Hotels of America – PKF-HR five-year forecast at the Historic Hotels of America annual conference. PKF-HR relies on historical hotel performance data from STR, Inc., and economic forecasts from CBRE Economic Advisors, ...
PKF Hospitality Research Issues Consistent U.S. Lodging Forecast
PKF Consulting, USA | June 4, 2015
Industry Participants Gain Confidence Operating In a Predictable Environment June 4, 2015, Atlanta, Ga. – The outlook for the U.S. lodging industry continues to be extremely strong, according to the recently released June 2015 edition of PKF Hospitality Research's (PKF-HR) Hotel Horizons® (PKF-HR is a CBRE company). The report forecasts that U.S. hotels will continue to enjoy revenue per available room (RevPAR) growth more than twice the long-run average (7.2 percent increase in 2015 and 6.8 percent in 2016). The slowdown in 2016 should not worry hoteliers because the growth in average daily room rate (ADR) will drive the increase in...
PKF’s 2015 Trends® in the Hotel Industry Results – a Video Report
PKF Hospitality Research, a CBRE Company | May 21, 2015
Robert Mandelbaum, Director of Research Information Services, discusses the results of PKF Hospitality Research, a CBRE Company's Trends® in the Hotel Industry annual report. Robert explains how hotel operators are managing expenses and growing revenue in a time of "peak persistence" in the current industry cycle. ...
2015 Edition of Trends® in the Hotel Industry Concludes U.S. Hotels Continue to Show Gains in Profit
PKF Consulting, USA, a CBRE Company | May 4, 2015
May 4, 2015, Atlanta, Ga. Results from the 2015 edition of Trends® in the Hotel Industry, an annual report recently released by PKF Hospitality Research (PKF-HR), a CBRE Company, reveal that U.S. hotels (on a unit-level same-store sales basis) achieved a 12.3 percent increase in net operating income (NOI) during 2014. This marks the fourth consecutive year of profit growth in excess of 10 percent, a trend that is forecast to continue through 2016. This six-year period (2011-2016) of continuous double-digit gains on the bottom line will be the longest such streak for the nation's hotels since PKF began tracking the industry in 1937. "In...
Attendance and Expenditures Now Lead Recovery Of Group Demand
Robert Mandelbaum and Gary McDade | March 17, 2015
By Robert Mandelbaum and Gary McDade Group demand continued to grow in 2014, and 2015 will be another strong year. For a fourth straight year, PKF Hospitality Research (PKF-HR), a CBRE Company, has observed an increase in the number of events organized by meeting planners in 2014. Not only did a greater percentage of meeting planners report an increase in the number of events planned from 2013 to 2014, but a growing number of event organizers noted increased attendance at each meeting as well. According to the planners surveyed, growth in both the number of meetings and attendance should continue in 2015. Each year, PKF-HR asks meeting ...
