R. Mark Woodworth, Principal of R.M. Woodworth & Associates and Board Member of Hotel Investor Apps Inc., brings over 40 years of hospitality industry advisory experience, including at CBRE Hotels and PKF Consulting, to inform his perspective on the current...
As you make your budgets and update your forecasts, you are probably considering current hospitality OCC and ADR predictions, economic outlook, and past performance at your hotels. It’s a mixed bag with continued pent-up travel demand and possible recession headwinds....
R. Mark Woodworth is Principal of R.M. Woodworth & Associates and Board Member of Hotel Investor Apps Inc. According to Kalibri Labs, U.S. national RevPAR levels began to exceed their 2019 benchmark in March of this year, well ahead of what most prognosticators...
Ahh, summer. Sunshine and . . . budgeting. If the thought of drafting next year’s budget stresses you out, then it may be time to upgrade your hotel budgeting software. Most hotel companies start out using Excel spreadsheets for their budgets. While it is a useful...