PKF Hospitality Research | provided by Hsyndicate

Hotel Spas Recession Overload | By: Gabrielle Lerner

Thu, 18 Mar 2010 15:08:50 +0200

As we enter 2010, words like, “economic downturn” and “recession” are still lingering in everyone’s minds. The service industry among others was significantly impacted by the events commencing in the fall of 2008 and unfortunately, hotel spas were not immune. Hotel spa operators reported that they began to feel the impacts of the economic events early on in 2008, especially those within the luxury hotel segment.

HOTEL SPA DEPARTMENT PROFITS | Change from 2007 to 2008

Thu, 18 Mar 2010 15:03:01 +0200

SELECT HOTEL SPA EXPENSES | Change from 2007 to 2008

Thu, 18 Mar 2010 14:59:39 +0200

SELECT HOTEL SPA REVENUES | Change from 2007 to 2008

Thu, 18 Mar 2010 14:58:43 +0200

The Recession Is Over!* Now What? | By R. Mark Woodworth

Thu, 18 Feb 2010 15:30:48 +0200

In the December 2008, the National Bureau of Economic Research (NBER) made the official proclamation that the U. S. entered an economic recession in December 2007. As is sometimes the case, U.S. hoteliers began to feel the pain well before most other businesses. According to Smith Travel Research (STR), the U.S. lodging industry first began to show signs of weakness in July 2006, when year-over-year demand levels contracted by 1.4 percent. The following months were volatile – some good – some bad. Total demand declined 1.8 percent in 2008, and STR reported an 7.0 percent decline through September 2009. The December 2009 edition of PKF Hospitality Research (PKF-HR) Hotel Horizons® forecast report calls for a total year decline in demand in 2009 of 6.3 percent.

The Recession Is Over!* Now What?

Thu, 18 Feb 2010 15:26:10 +0200

Supply Growth Patterns | During and post recession

The Recession Is Over!* Now What?

Thu, 18 Feb 2010 15:25:00 +0200

Supply Growth Patterns | During and post recession

ADR Growth Leads Cities Out Of Recession | By R. Mark Woodworth

Thu, 18 Feb 2010 10:20:31 +0200

In the December 2009 edition of Hotel Horizons®, PKF Hospitality Research (PKF-HR) is forecasting a third consecutive year of declining revenue per available room (RevPAR) for U.S. hotels in 2010. By year end 2010, PKF-HR projects that the average U.S. hotel will suffer a 1.1 percent decline in RevPAR, the net result of a 0.4 percent gain in occupancy, but a 1.5 percent decline in average daily rate (ADR).

ADR Growth Leads Cities Out Of Recession

Thu, 18 Feb 2010 10:18:10 +0200

ADR Growth Leads Cities Out Of Recession

Thu, 18 Feb 2010 10:17:42 +0200

ADR Growth Leads Cities Out Of Recession

Thu, 18 Feb 2010 10:17:11 +0200

ADR Growth Leads Cities Out Of Recession

Thu, 18 Feb 2010 10:16:43 +0200

ADR Growth Leads Cities Out Of Recession

Thu, 18 Feb 2010 10:16:07 +0200

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