Eating at a Meeting 183: The Lag in Hotel Food and Beverage Recovery
When Tracy saw CBRE’s September 2022 Hotel Horizons® forecast in early December stating that food and beverage (F&B) recovery was lagging from pre-COVID levels while rooms revenue per available room (RevPAR) was exceeding 2019 annual levels in 2022, I wanted to find out more. Especially when the cost of food is increasing and meeting planners are spending even more on their already largest expenditure.
I'm excited that Andrew Hartley of CBRE Hotels Advisory who studied and analyzed F&B department revenues, expenses, and profits of 1,228 properties for the report will join me on #EatingAtAMeeting LIVE to talk about what he's seeing in the trends for U.S. hotel food and beverage departments.
Listen as we discuss these F&B programs — where they were prior to the pandemic and what they look like in the post-pandemic environment, including what is attributing to the lag and industry standards that have been eliminated as a result of the pandemic.
Connect with Tracy: facebook.com/groups/EatingataMeeting thrivemeetings.com