Finance & Accounting

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

Managing Director, Northeast Leader, HVS

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Finance & Accounting

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National & International Policy

HVS

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

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Information Technology

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Finance & Accounting

CBRE Hotels

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

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Property Technology

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Finance & Accounting

CBRE Hotels

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

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

Chief Executive Officer (CEO), HFTP

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Property Technology

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Events & Conferences

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Finance & Accounting

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

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

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Finance & Accounting

CBRE Hotels

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

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Wellness and well-being

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Finance & Accounting

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Markets & Performance

CBRE Hotels

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

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Finance & Accounting

CBRE Hotels

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

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Finance & Accounting

HVS

Navigating the 2024 Budget Season: Tech-Driven Strategies for Modern Hospitality

Navigating the 2024 Budget Season: Tech-Driven Strategies for Modern Hospitality

As the hotel industry prepares for its annual budget planning for 2024, we’re at a critical moment where technology and financial strategy blend together. This goes beyond simply setting aside funds for new digital tools; it’s about fully integratin...

Marcy Albert

VP of Sales at OpenKey

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Information Technology

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Finance & Accounting

Navigating the 2024 Budget Season: Tech-Driven Strategies for Modern Hospitality

As Occupancy Stalls, Parking Drives Hotel Revenue Growth

Based on our February 2023 Hotel Horizons® report, CBRE is forecasting that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. This occurred despite the fact that the average occupancy for U.S. hotels is not expecte...

Robert Mandelbaum

Robert Mandelbaum

Director of Research Information Services at CBRE Hotels

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Finance & Accounting

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Markets & Performance

CBRE Hotels