PKF Data Now Available to Help Hotel
Managers with Their Budgets


Atlanta, GA, September 25, 2002 � Each fall, hotel managers struggle through the process of preparing their budgets for the upcoming year.  �How do I forecast RevPAR for an entire year?� and �How do I know if the hotel is operating as efficiently as comparable properties?� are the questions most commonly heard from operators.

To assist U.S. hotel managers prepare their 2003 budget, The Hospitality Research Group of PKF Consulting (HRG) has developed two products designed to simplify the budgeting process, as well as enhance accuracy.

START the budget process with Hotel Outlook, an objective, base-line forecast of quarter-by-quarter RevPAR for your market.
 

HOTEL OUTLOOK
  • Hotel forecasting model developed by HRG in conjunction with Torto Wheaton Research.
  • Quarter-by-quarter econometric forecasts of RevPAR for your market area (54 markets available).
  • Local market profiles include area economic and demographic data, demand drivers, and supply additions.
  • Available for full-service and limited-service hotels.

FINISH the budget process with Benchmarker to compare your revenue, expense, and profit projections to averages for comparable hotels.
 

BENCHMARKER
  • Directly compare your hotel�s financial performance to revenue and expense data from comparable hotels.
  • Uses PKF database of 3,900 hotels across the U.S.
  • Customized - you select the hotels you wish to be compared to.

For sample Hotel Outlook and Benchmarker reports, please visit our website at www.tortowheatonresearch.com/hotelbudget_ad.htm or call Claude Vargo at (404) 842-1150, extension 237.

The Hospitality Research Group (HRG), headquartered in Atlanta, is the research affiliate of PKF Consulting, the international consulting and real estate firm specializing in the hospitality industry.  PKF Consulting has offices in New York, Boston, Philadelphia, Washington DC, Atlanta, Houston, Dallas, Los Angeles, San Francisco, and Singapore.

* * *


For additional information contact

John B (Jack) Corgel 
Managing Director of Applied Research 
The Hospitality Research Group
3340 Peachtree Road
Suite 580
Atlanta, GA  30326
(404) 842-1150, ext 227

Claude Vargo
Senior Project Manager
The Hospitality Research Group
3340 Peachtree Road
Suite 580
Atlanta, GA  30326
(404) 842-1150, ext 237

www.tortowheatonresearch.com/hotelbudget_ad.htm

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