Author
Author

Bjorn Hanson

Ph.D., Clinical Professor at NYU School of Professional Studies Jonathan M. Tisch Center for Hospitality and Tourism

Bjorn Hanson

Bjorn Hanson, PhD, is a clinical professor with the NYU School of Professional Studies (NYUSPS) Jonathan M. Tisch Center for Hospitality and Tourism. He is a hospitality and travel researcher, widely respected for his industry forecasts and for having created econometric models that transformed business analysis in the field. He has served as divisional dean of the School’s Preston Robert Tisch Center for Hospitality, Tourism, and Sport Management and as co-interim dean of the NYU School of Continuing and Professional Studies (now the School of Professional Studies). Prior to joining NYU, he held the position of global industry leader, hospitality and leisure, at PricewaterhouseCoopers LLP.

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Insights by Bjorn Hanson (6)

Corporate Hotel Rate Negotiations 2017 Forecast – A Change in the Balance of Power from Sellers to Buyers

As the corporate and contract rate negotiation season is about to begin, the 2017 outlook is for a change in the balance of power from sellers to buyers. Corporate and contract rate negotiations generally begin during September and continue into December.

U.S. Lodging Industry Fees and Surcharges Forecast to Increase to a New Record Level in 2016 – $2.55 Billion

Following the 2015 record of $2.45 billion, total fees and surcharges collected by U.S. hotels are forecast to increase to another record level of $2.55 billion in 2016. Although the amount will establish a record level of fees and surcharges, the percent increase will be the lowest since 2009.

U.S. Lodging Industry Capital Expenditures Increase to Another Record Level in 2014

The amount spent on capital expenditures ("cap ex") for the U.S. lodging industry is forecast to exceed the prior record level spent in 2013, for a new record level of $6.0 billion, an increase of seven percent.

Corporate Hotel Rate Negotiations for 2015 – Preliminary Outlook

Corporate and contract rate negotiations generally begin during September and continue into December. Corporate and contract rates represent almost 20 percent of occupied U.S. room nights and almost 30 percent of U.

U.S. Lodging Industry Capital Expenditures Continue To Accelerate In 2012

Following three years of limited capital expenditures beginning in 2009, U.S. lodging industry capital expenditures for existing hotels are accelerating. The forecast for the coming year is for capital expenditures of approximately $5.
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