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Tag Archives: PKF Hospitality Research

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Examining Hotel Labor Costs

Examining Hotel Labor Costs

As revenues continue to grow for most U.S. hotels, the combined cost of salaries, wages, bonuses, and payroll-related expenditures has declined as a percent of total hotel revenue. In 2013, labor costs represented 32.3 percent of total revenue, down from ...

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Hoteliers Continue to be Sharp with Budgeting Accuracy

Hoteliers Continue to be Sharp with Budgeting Accuracy

It’s time to throw away the Ouija boards. Apparently, predicting the performance of U.S. hotels has become easy for managers. For the third consecutive year, management’s projections of revenues, expenses, and profits contained in their budgets have been extremely accurate. ...

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PKF-HR Forecasts Record Occupancy for 2015

PKF-HR Forecasts Record Occupancy for 2015

ATLANTA—The U.S. lodging industry will achieve 65 percent occupancy in 2015, the highest national occupancy rate since STR Inc. began reporting data in 1987, according to the recently released September 2014 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons. By ...

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Assessing the True Cost of Franchise Fees

Assessing the True Cost of Franchise Fees

The series of fees that hotel companies charge their franchisees covers a variety of services provided by the franchisor. PKF Hospitality Research’s annual Trends in the Hotel Industry survey discretely captures four of these fees—advertising and marketing, reservations, royalty, and loyalty ...

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