Now showing items 180-199 of 510

    • First Quarter 2016: Second Verse, Same as the First 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2016-04-12)
      Our Standardized Unexpected Price (SUP) metric continues to show a decline in the price of large hotels and positive momentum for the price of small hotels. Although investors are currently experiencing positive leverage, ...
    • First Quarter 2017: Status Quo Maintained 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2017-04-13)
      Our Standardized Unexpected Price (SUP) metric indicates that the price momentum of large and small hotels continues to revert to the mean, with the cost of debt financing for hotels declining slightly. However, we expect ...
    • First Quarter 2018: Introducing Our Gateway Cities Index 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2018-04-19)
      Hotels in gateway cities have outperformed hotels in non-gateway cities, with hotels in gateway locations rising 10 percent in the past year, compared to 6 percent for those in non-gateway cities. Hotel operating performance ...
    • First Quarter 2019: Déjà Vu All Over Again: Reliving Groundhog Day 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2019-04-01)
      Hotels in non-gateway cities outperformed those in gateway cities for the first time since the first quarter of 2006. That said, overall hotel financial performance still stands at breakeven, with operating profit similar ...
    • First Quarter 2020: Gird Your Loins 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2020-04-01)
      Hotels in all regions experienced negative price momentum this quarter with hotels in the New England area having the worst price performance. Hotels located in gateway cities were especially hard hit. Hotel financial ...
    • Fitting Restaurant Service Style to Brand Image for Greater Customer Satisfaction 

      Giebelhausen, Michael D.; Chan, Evelyn; Sirianni, Nancy J. (2016-04-04)
      Supported by academic researchers, the restaurant industry has devoted enormous effort to the task of conceptualizing and developing measures of “service quality,” 1 based on the reasonable proposition that restaurant ...
    • Food Preparation Scheduling Tool 

      Thompson, Gary (2016-03-16)
      This is a general planning tool with the scope of a single day, rather than a detailed real-time planning tool. It is designed both to illustrate and to help manage the complexities of scheduling food-service preparation ...
    • Forecasting Covers in Hotel Food and Beverage Outlets 

      Thompson, Gary M.; Killam, Erica D. (2008-09-02)
      In this report we explain our finding that a lodging property can generally use information on its occupancy to improve the accuracy of cover forecasts in its food and beverage outlets. We examine twenty-seven forecasting ...
    • Foreclosure of Securitized Commercial Mortgage - A Model of the Special Servicer 

      Liu, Peng; Quan, Daniel C. (2010-08-23)
      The decision to foreclose on a CMBS mortgage is made by the special servicer. A loan is in special servicing when the mortgage is either delinquent or in a state of imminent default. The special servicer should represent ...
    • Forty Hours Doesn't Work for Everyone: Examining Employee Preferences for Work Hours 

      Zahn, Lindsey A.; Sturman, Michael C. (2008-10-02)
      Current economic conditions have caused many employers to reduce employees’ work hours—a trend that will likely continue if the economy worsens. Yet research on work hours is limited, as most studies in this area have ...
    • Fostering Ethical Leadership: A Shared Responsibility 

      Brownell, Judi (2012-06-01)
      As the hospitality industry becomes more global and more complex, the need for leaders who can be depended upon to act with integrity and social responsibility is becoming ever more acute. Even a cursory review of today’s ...
    • Fostering Service Excellence through Listening: What Hospitality Managers Need to Know 

      Brownell, Judi (2009-04-01)
      Amid the “noise” created by increased use of computers and other technology, the ability to listen takes on increasing importance for hospitality employees. Listening is essential in the course of delivering personal, ...
    • Fourth Quarter 2012: Price Growth Is Moderating: A Return to Normalcy? 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2013-01-01)
      The Cornell Hotel Indices reveal that the hotel industry is continuing to experience positive price momentum for small hotels, with a moderating of prices for larger hotels. Consistent with this weakening in the price for ...
    • Fourth Quarter 2013: Flight to Quality: Big Trumps Small 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2014-01-01)
      A new hotel investment performance metric is introduced. Starting with this issue, we will apply our new economic value added (EVA) indicator as a barometer of hotel investment performance. Complete details of how to use ...
    • Fourth Quarter 2014: Ending 2014 in the Black: Introducing the SUP Performance Metric 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2015-01-01)
      The borrowing cost of debt financing continues to remain stable while equity financing continues to remain relatively cheap. We expect prices for large hotel properties to remain flat, but prices for small hotel properties ...
    • Fourth Quarter 2015: Large Hotels Have Lost Momentum— Small Hotels Still Going Strong 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2016-01-15)
      Although the price of large hotels has declined, small hotels continue to experience positive momentum, based on our Standardized Unexpected Price (SUP) metric. Hotel investment based on operating performance is back in ...
    • Fourth Quarter 2016: Hotels Are Getting Costlier to Finance 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr. (2017-01-20)
      Our Standardized Unexpected Price (SUP) metric continued to show positive momentum in the price of large hotels with continued decline in the price of small hotels. Costlier financing for hotels is occurring due in part ...
    • Fourth Quarter 2017: Smaller Hotels Finish Strong; Larger Hotels Lag 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. (2018-01-01)
      Hotel performance is still in the black based on economic value analysis (EVA), although returns still exceed borrowing costs (for debt). The narrowing of the spread between the cap rate and cost of debt suggests that deals ...
    • Fourth Quarter 2018: “David” Hotels Continue to Dominate the “Goliaths” 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2019-01-01)
      Hotels in gateway cities continue to shine, with prices rising 25 percent year over year, compared to an 8-percent rise for hotels in non-gateway cities. Hotel financial performance is still breakeven, with operating profit ...
    • Fourth Quarter 2019: 2019 Ends on a Whimper 

      Liu, Crocker H.; Nowak, Adam D.; White, Robert M. Jr (2020-01-01)
      Onlyhotels in the New England region, and to a lesser extent the Midwest region, experienced a positive price momentum this quarter, although both regions suffered poor performance from a year-over-year perspective. Hotels ...