Budgets are inappropriate to use as benchmarks for measuring a manager’s performance. One of the best ways to make budgets relevant is to adjust them using actual RevPAR indexes as the year progresses.
HVS, in conjunction with NYU’s Tisch Center for Hospitality, Tourism, and Sports Management, presents the 2011 Manhattan Hotel Market Overview, which features the NYU Survey and examines the market’s strong recovery from the recent recession.
Steve Rushmore presents his review of rate and recovery, transactions, turnaround and timing at the 33rd Annual New York University International Hospitality Industry Investment Conference.
This article presents an overview of hotel performance for the Paris market and provides our views on expected performance for the next three years. We also discuss the transactions market, values per room and new investors over the last year.
Steve Rushmore's April 2011 article for Lodging Hospitality magazine.
This article discusses the performance and investment environment of the upscale hotel market in Brussels over the last few years and presents our forecast of how it will perform in the coming years.
Operating budgets are planning tools that should not be used as benchmarks to measure management’s performance. Adjusting budgets for the market’s RevPAR performance makes them far more relevant. This article explains how to make these adjustments.
Steve Rushmore's February 2011 article for Lodging Hospitality magazine.
The Middle East Hotel Survey 2011 includes 352 hotels and some 93,500 hotel rooms (an increase of 36% on last year) across 52 cities in the Middle East, making it one of the most reliable benchmarking surveys in the region.
The article provides an overview of the Thessaloniki, Greece hospitality industry including recent hotel performance and data on MICE demand and infrastructure developments. A list of recent hotel supply changes is also featured.