Articles tagged “cbre”

Hotels

The Best of Daily Lodging Report for the Week Ending November 5

Data out of Asia shows just how bad border closures are hurting hotel business in major cities while it's business as usual on the investment transaction front.

Cameron Sperance | 4 weeks ago

Hotels

Hotel Jobs Report Shows Many Workers Still Aren’t Coming Back

Time to find a new talking point for earnings season. Major hotel CEOs over the summer blamed their hiring issues on the fact furloughed employees received an extra $300 in unemployment benefits from the pandemic relief bill. The benefits lapsed, and hotels are still having a hard time hiring.

Cameron Sperance | 2 months ago

Coronavirus

Hotel Lenders Rush Back In Even With Growing Labor Shortage Crisis

Hotels face massive worker shortages this summer, but investors don't care and still want to buy up assets. Chalk this up to taking the long view and hoping hotels find a way to win back workers from other industries.

Cameron Sperance, Skift | 7 months ago

Coronavirus

How a Hotel GM Tackled the Pandemic From Years of Surviving Terrorist Attacks

This general manager of an iconic Times Square property experienced turbulent times in Turkey, and tempers expectations of a quick recovery for New York.

Matthew Parsons, Skift | 7 months ago

Coronavirus

A-Rod Among New Breed of Lenders Selectively Looking to Finance Hotel Projects

Want to build a new resort by the beach or acquire a five-star hotel downtown in a major U.S. city? Lenders are listening. But if you want to break ground on a roadside motel in a secondary market, you may be waiting for the bank to return your calls for several years.

Cameron Sperance, Skift | 12 months ago

Coronavirus

U.S. Leads the World in Hotel Construction During Pandemic

Don't be fooled by these numbers in the United States. It will be years for hotel construction to once again hit peak levels seen only months ago.

Cameron Sperance, Skift | 1 year ago

Coronavirus

Convention Plateau: The Hotel Recovery Can Only Go So Far Without Group Bookings

Unless a vaccine or widespread coronavirus treatment becomes available this year, a W-shaped hotel industry recovery seems likely. But that doesn't mean hoteliers should accept that fate — alternative revenue streams are out there.

Cameron Sperance, Skift | 1 year ago

Coronavirus

U.S. Hotel Industry Ended Record-Setting Development Streak in May

Hotel construction output lags metrics like occupancy in response to economic conditions. But the slow reaction time also means the development pipeline will likely take far longer to rebound from coronavirus than hotel performance.

Cameron Sperance, Skift | 1 year ago

Coronavirus

Move Over Revenue Models: Hotel Recoveries Will Also Need to Factor In Psychology, Sociology

Hoteliers should spend less time worrying about recovery timelines and focus more on boosting occupancy rates above break-even operational cost levels as quickly as possible. That may mean considering some non-traditional factors.

Cameron Sperance, Skift | 2 years ago

Coronavirus

Global Hotels Will Lose Just 2 Percent of Supply Permanently Because of Coronavirus: Report

Ongoing government coronavirus relief efforts like the $2 trillion CARES Act and banks unwilling to take over hotels should keep most of the world's hotel supply intact through a very turbulent 2020.

Cameron Sperance, Skift | 2 years ago