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Article - Hotel Spas Fill In Revenue Void During Recession - By Robert Mandelbaum and Tim Dick - To assess the impact of hotel spa departments on recent hotel operations, we analyzed the performance of 139 U.S. hotels that operate a spa and participated in CBREs Trends survey each year from 2018 through 2022. In 2022, these 139 hotels averaged 63.5% occupancy, along with a $426.78 average daily rate (ADR).

Article - Hotel Financial Performance Influenced by Changes in Hotel Food and Beverage Offerings - By Robert Mandelbaum and Ed Stacy - To learn how changes in hotel food and beverage operations have impacted revenues and expenses, we have analyzed the operating statements of 2,500 U.S. full-service, resort, and convention hotels that participated in CBRE’s annual Trends® in the Hotel Industry in 2021 and 2022.

Article - U.S. Hotel Property Tax Relief Varies By Geography - By Robert Mandelbaum - Based on a sample of more than 3,000 hotels from CBRE’s Trends in the Hotel Industry database, U.S. hotel property tax expenditures averaged $2,626 per available room (PAR) in 2022. This is 10.8% less than the $2,943 PAR recorded in 2019, before the COVID-19 pandemic. Concurrently, the earnings before interest, taxes, depreciation, and amortization (EBITDA) for these same properties fell by 1.7%.

Rebecca Hillman is the first correction officer convicted and incarcerated for committing criminally negligent homicide on the job, the Manhattan District Attorney’s office said.

As we near the end of 2022, we are pleased to share some of the top highlights from the Hospitality Net World Panel this year. We have compiled a list of the most popular viewpoints published in each panel on our website over the past 12 months for you to review.