PKF Hospitality Research | provided by Hsyndicate

THE FED RATE | Government Travelers Welcome In 2009 | By Robert Mandelbaum and Reed Woodworth

Thu, 17 Dec 2009 17:16:40 +0200

For hotels in the upper-tier chain scale categories, government travelers have historically been viewed as “guests of last resort.” While government business is abundant, the per diem room rates set by federal, state, and local agencies are generally viewed as low. In addition, ancillary expenditures for food, beverage, retail, and recreation are restricted by government limits that are typically less than the average business traveler’s budget.

Federal Per Diems Hotel Room Rates

Thu, 17 Dec 2009 17:13:26 +0200

As of December 2009, PKF Hospitality Research (PKF-HR) is forecasting that the average daily room rate (ADR) for U.S. hotels will decline 8.8 percent in 2009, and fall another 1.5 percent in 2010.

Federal Per Diems Hotel Room Rates

Thu, 17 Dec 2009 17:11:55 +0200

Concurrently, hotel occupancy rates are forecast to be 55.0 percent in 2009 and 55.2 percent in 2010, the two lowest levels of occupancy observed since Smith Travel Research (STR) began reporting data in 1988.

New PKF Report Projects Accelerated Recovery For U.S. Lodging Industry

Tue, 15 Dec 2009 12:13:06 +0200

PKF Hospitality Research (PKF-HR) today announced that, according to its December 2009 edition of Hotel Horizons®, the pace of recovery of the U.S. lodging industry has accelerated from previous expectations.

PKF Projects Accelerated Recovery In U.S.

Tue, 15 Dec 2009 11:22:31 +0200

PKF Hospitality Research (PKF-HR) today announced that, according to its December 2009 edition of Hotel Horizons, the pace of recovery of the U.S. lodging industry has accelerated from previous expectations. Improving industry data for such key indicators as occupancy, RevPAR, and demand suggest that the recovery will arrive a full quarter earlier than the firm expected in September 2009. These improvements are reflected in the firm’s updated forecasts for 2009 and 2010 in its just published December issue of Hotel Horizons.

Health Care Legislation | Which Hotels Might Get Sick? | By Robert Mandelbaum And Taylor Beauchamp

Thu, 19 Nov 2009 15:08:29 +0200

In 2009, the U.S. lodging industry is projected to experience the greatest annual decline in revenue since 1932. In August 2009, PKF Hospitality Research (PKF-HR) released its quarterly econometric hotel forecast, Hotel Horizons®, and is forecasting that the average property will suffer an 18.5 percent decline in rooms revenue per available room (RevPAR) during the year, which will contribute to an estimated 16.8 percent fall off in total hotel revenues.

Exhibit 3: Health Care Coverage Determination Criteria

Thu, 19 Nov 2009 15:00:04 +0200

Exhibit 2: 2008 Payroll-related Costs

Thu, 19 Nov 2009 14:59:12 +0200

Exhibit 1: Comparison of Health Care Coverage Access and Participation

Thu, 19 Nov 2009 14:58:23 +0200

Meeting Planners Struggle To Control Costs | PKF Reports

Wed, 18 Nov 2009 17:36:04 +0200

Hotel managers are not the only party at the negotiating table struggling to control costs and operate within the limits of austere budgets. Meeting planners have also been given the challenge of setting up effective events at the least possible cost.

Hotel Roanoke & Conference Center Seeks Proposals From Qualified Management Firms to Serve As Its Operator

Tue, 03 Nov 2009 14:32:21 +0200

With the assistance of its advisor, PKF Consulting of Atlanta, the Hotel Roanoke & Conference Center (HR&CC) is seeking proposals from qualified management firms interested in operating the 332 room historic hotel and adjoining conference site in Roanoke, Virginia. The Hotel Roanoke & Conference Center currently is operated by Doubletree Management, LLC, a subsidiary of Hilton Hotels. That contract will expire on December 31, 2010.

Hotel Roanoke & Conference Center Seeks Proposals From Qualified Management Firms to Serve As Its Operator

Tue, 03 Nov 2009 10:22:43 +0200

Surprised, Or Stubborn? | U.s. Hotel Managers Missed Their Budgets In 2008 | By Robert Mandelbaum

Thu, 22 Oct 2009 15:28:53 +0200

The U.S. lodging industry rebounded strongly after its 2001 to 2003 industry recession. RevPAR growth exceeded 7.8 percent each year from 2004 through 2006. While hotels achieved a relatively strong 5.8 percent growth in RevPAR in 2007, industry performance started to show its first signs of softness. During the year, demand grew less than 1.0 percent contributing to a slight drop in occupancy (-0.4 percent).

Budget Accuracy | 2008 Budget vs. Actual Hotels

Thu, 22 Oct 2009 14:42:00 +0200

Historical Budget Accuracy | Difference Actual Vs. Budgeted Performance

Thu, 22 Oct 2009 14:41:52 +0200

Group Pricing Survey Results: Rate Trends Will Get Worse Before They Get Better | By Adam Maclennan (PKF)

Wed, 21 Oct 2009 15:50:40 +0200

PKF Hospitality Research released their updated forecasts covering the domestic lodging industry in late August 2009. Per these estimates, Revenue per Available Room (“RevPAR”) in the United States is expected to decline 18.5 percent this year, and another 2.7 percent in 2010.

U.S.: What a Difference a Half Decade Makes | PKF Reports

Fri, 18 Sep 2009 17:23:31 +0200

The extended industry contraction that began in mid 2008 continues through the third quarter of 2009. Based on first half actual data from Smith Travel Research and the economic outlook from Moody’s Economy.com as of July of this year, the RevPAR change low point of the current cycle occurred during the second quarter of 2009. Is a recovery imminent? No. The August 2009 PKF Hospitality Research Hotel Horizons® forecast calls for record declines this year, and it will not be until 2011 that annual RevPAR levels increase.

What a Difference a Half Decade Makes

Fri, 18 Sep 2009 17:20:51 +0200

What a Difference a Half Decade Makes

Fri, 18 Sep 2009 17:20:31 +0200

What a Difference a Half Decade Makes

Fri, 18 Sep 2009 17:20:09 +0200