News for the Hospitality Executive
PKF's Robert Mandelbaum Highlights Findings of the 2011 Trends®
ATLANTA, Ga., August 17, 2011- Despite a decline in ADR and rising commodity prices, U.S. hotel managers were able to realize a 9.8 percent increase in net operating income in 2010. This was achieved through effective cost controls not typically seen during the initial stages of a lodging industry recovery.
In the following video, Robert Mandelbaum, PKF Hospitality Research Director of Research Information Services, highlights the findings of the 2011 Trends® in the Hotel Industry report.
The following are the results of PKF Hospitality Research's 75th annual Trends In The Hotel Industry survey. Trends® in the Hotel Industry is an annual compilation of unit-level hotel financial statements. Since 1936, PKF has collected year-end operating statements from thousands of hotels across the nation. From these statements, our Firm extracts 200 specific revenue and expense items and then puts the data into a uniform format to ensure equitable benchmarking. The Trends® database is the oldest and most comprehensive source of hotel financial information in the United States.
Robert Mandelbaum is the Director of Research Information Services for PKF Hospitality Research. He is located in the firm’s Atlanta office (www.pkfc.com ).
Director of Research Information Services
Colliers PKF Hospitality Research
3475 Lenox Road
Atlanta, GA 30326
404-842-1150, ext 223 (Direct)
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Research's December Hotel Horizons® Shows U.S. Lodging Demand
Growth at 7.8% for 2010, Combined with Rise in Occupancy Rates, RevPAR
Gain Forecasted at 5.6% Increase for Year / December 2010
Research Releases Hotel Horizons® Forecast Accuracy Assessment;
Lessons Can Be Applied To 2011 Budgeting Process / June 2010
Hospitality Research Updates Forecast to Show U.S. RevPAR Growth of
1.7% in 2010 While Profits Will Contract 1.4% / May 2010
Down: New PKF Hospitality Research Survey Results Show Hotel Profits
Declined a Record 35.4 Percent in 2009; Greatest Annual Decline Since
Tracking Began in the 1930's / May 2010
Hotels Should Enjoy Double-digit Revenue Growth by 2012 According to
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|2010 Will Continue to be a Tough Year for U.S. Hotel Owners and Operators; 2010 U.S Lodging ADR Now Forecasted by PKF at Minus 1.5% from 2009 ADR / December 2009|