Opinion

Hotel Profitability in Transition: Cost Pressures and Budgeting Priorities for 2026

As the end of 2025 approaches, hotel owners, asset managers, and operators are preparing next year’s budgets in an uncertain environment where operating costs have reached new highs and revenue growth has slowed. The post-pandemic RevPAR surge has l...

Marcus R Lee
Marcus R Lee
Executive Vice President, Development, HVS
HVS
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Finance & Accounting
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Asset Management
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Marcus R Lee
by Marcus R Lee
22 December 2025HVSFinance & Accounting
HVS
Opinion

2025 Lodging Tax Report - USA

Since room sales generate lodging tax revenues, an overview of hotel market trends provides insight into the industry’s current and future fiscal impacts. As documented in our 2024 HVS Lodging Tax Study, the national lodging market has experienced r...

Thomas A. Hazinski
Thomas A. Hazinski
Managing Director of HVS Convention, Sports, & Entertainment Facilities Consulting in Chicago
HVS
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Lodging Industry
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Finance & Accounting
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Thomas A. Hazinski
by Thomas A. Hazinski, Henry Detmer and Max Leeds
30 October 2025HVSFinance & Accounting
HVS
Opinion

2025/26 Federal Per-Diem Update: Steady Rates Ahead

The federal government per-diem rate is made up of a lodging allowance and a meals and incidental expense (M&IE) allowance. The per-diem lodging rates, which set the maximum amount a federal traveler can reimburse, are based on the average rates for...

Chelsey Leffet
Chelsey Leffet
Managing Director, Northeast Leader, HVS
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National & International Policy
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Chelsey Leffet
by Chelsey Leffet
2 October 2025HVSFinance & Accounting
HVS
Opinion

Monitoring The Rise in Technology Expenditures

With expectations of limited revenue growth in 2025, U.S. hoteliers are focusing on all expense categories within their hotels. Early indications are that property operators are doing a commendable job managing the more controllable expenses within ...

Robert Mandelbaum
Robert Mandelbaum
Director of Research Information Services at CBRE Hotels
CBRE Hotels
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Information Technology
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Finance & Accounting
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Robert Mandelbaum
by Robert Mandelbaum, Adam Barry and John Pomposello
8 July 2025CBRE HotelsFinance & Accounting
CBRE Hotels
Opinion

Assessing The Digital Infrastructure Of Your Hotels

In 2023, U.S. hotels saw their operating efficiency decline as operating expenses increased at a pace greater than revenue growth, resulting in a decline in profit margins. With forecasts of moderate revenue gains for the next few years, hotel owner...

Robert Mandelbaum
Robert Mandelbaum
Director of Research Information Services at CBRE Hotels
CBRE Hotels
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Property Technology
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Finance & Accounting
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Robert Mandelbaum
by Robert Mandelbaum, Adam Barry and John Pomposello
3 July 2024CBRE HotelsFinance & Accounting
CBRE Hotels
It’s Never Been Better for Investment in the Hotel Technology Industry
Opinion

It’s Never Been Better for Investment in the Hotel Technology Industry

Just as the hospitality industry evolves, so too must the format of its conventions, especially one as influential to the hospitality industry as HITEC. This year, the senior team at HFTP has expanded the tradeshow’s depth and impact with the inaugu...

Frank Wolfe
Frank Wolfe
Chief Executive Officer (CEO), HFTP
HFTP
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Property Technology
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Events & Conferences
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Frank Wolfe
by Frank Wolfe
25 June 2024HFTPFinance & Accounting
It’s Never Been Better for Investment in the Hotel Technology Industry
Opinion

Management Company Compensation Slows in 2023

Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic. An analysis performed by CBRE in April 2023 found that total hotel ...

Robert Mandelbaum
Robert Mandelbaum
Director of Research Information Services at CBRE Hotels
CBRE Hotels
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Finance & Accounting
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Robert Mandelbaum
by Robert Mandelbaum and Tim Dick
9 May 2024CBRE HotelsFinance & Accounting
CBRE Hotels
Opinion

Hotel Spas Fill In Revenue Void During Recession

As of year-end 2022, the average hotel in CBRE’s Trends® in the Hotel Industry survey sample had surpassed its 2018 total revenue figure by 1.5%. This was achieved even though the average hotel had rented 8.2% fewer room nights in 2022 than it did i...

Robert Mandelbaum
Robert Mandelbaum
Director of Research Information Services at CBRE Hotels
CBRE Hotels
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Wellness and well-being
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Markets & Performance
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Robert Mandelbaum
by Robert Mandelbaum and Tim Dick
12 December 2023CBRE HotelsFinance & Accounting
CBRE Hotels
Opinion

Hotel Property Tax Relief Varies By Geography

Based on a sample of more than 3,000 hotels from CBRE’s Trends® in the Hotel Industry database, U.S. hotel property tax expenditures averaged $2,626 per available room (PAR) in 2022. This is 10.8% less than the $2,943 PAR recorded in 2019, before th...

Robert Mandelbaum
Robert Mandelbaum
Director of Research Information Services at CBRE Hotels
CBRE Hotels
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Finance & Accounting
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Robert Mandelbaum
by Robert Mandelbaum and David P. Fuller
2 October 2023CBRE HotelsFinance & Accounting
CBRE Hotels
Opinion

2023 HVS Lodging Tax Report - USA

Since room sales generate lodging tax revenues, an overview of hotel market trends provides a perspective on the industry’s current and future fiscal impacts. While the negative impacts of the COVID-19 pandemic were unprecedented, as documented in o...

Thomas A. Hazinski
Thomas A. Hazinski
Managing Director of HVS Convention, Sports, & Entertainment Facilities Consulting in Chicago
HVS
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Finance & Accounting
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Thomas A. Hazinski
by Thomas A. Hazinski and Michael Ferguson
27 September 2023HVSFinance & Accounting
HVS