First, a look back at 2010: In December, 2009, major hospitality research firms were forecasting a continued, but very slight decline in hotel performance for 2010. Now that the year is over, we see that recovery in the hotel industry in 2010 was far superior to the original predictions: 2011 and 2012 Predictions from STR…
A Summary of Positive News and Statistics from the Lodging Industry! By OJ Robinson Increasingly good news and positive statistics are being reported by the lodging industry based on year to date performance in 2010. We all know that the 2008-2009 period was devastating for our industry: US Occupancy: down 14% ADR: down …
The cold winter air is coming. Will you complain about it, or use it to reduce your electric costs? For supermarkets and convenience stores, utility costs have become a major focus in reducing expenses. After labor costs, utilities are generally the greatest expense for convenience and grocery stores. Many store owners are turning to “green”…
By OJ Robinson, CBI There are several signs that give area hospitality properties reason for cautious optimism for the near future. After a 2009 summer season that was disappointing for most area operators, a recent survey suggests that leisure travel will improve during the holiday and winter seasons. According to a recent press release from…
