Mark VanStekelenburg

Managing Director, Northeast Practice, New York, Boston CBRE Hotels

Mark VanStekelenburgMark Vanstekelenburg is a Senior Vice President in the New York office of PKF Consulting USA, LLC (PKFC). He conducts market feasibility studies, valuations, economic impact studies, and tourism and destination analyses. His industry experience includes hotels, resorts, spas, clubs, casino and casino resorts, timeshare, fractional ownership, condo hotels, and conference centers. He has worked extensively in New York, Southern California, Utah, New Mexico, Arizona, Nevada, Hawaii, Latin America, and Asia.
Insights by Mark VanStekelenburg (2)

Health Movement Leads To Growth In Hotel Spas

In 2007, CBRE introduced Trends® in the Hotel Spa Industry in response to the spa industry's rapid expansion within hotels and resorts and its relevance to hotels' bottom lines. For the second time in the history of the publication, spa revenue increased at a higher rate than rooms revenue and total operating revenue.

Hotel Spas: Not Just For Resorts Anymore

According to the December 2018 edition of CBRE's Hotel Horizons®, the annual growth in RevPAR for U.S. hotels is forecast to decelerate from 2.8 percent in 2018 to 0.1 percent in 2021. As the main source of hotel revenue is plateauing, hoteliers are looking up and down their operating statements to find alternative sources of income.