Kalibri Labs Exclusive New Data Provider to Newmark Knight Frank
Kalibri Labs is now the exclusive provider of hotel performance data powering Newmark Knight Frank's NSights reports produced by its Hospitality, Gaming & Leisure (HGL) specialty practice within Valuation & Advisory (V&A). Newmark Knight Frank now offers comprehensive analytics, rankings and insights of the U.S. Top 104 lodging markets. Working together with Kalibri Labs over the last year, NKF was able to meet its objectives for cutting edge insights to advance its appraisal and advisory work. Kalibri Labs was the only provider to offer next-generation granular data sourced from the transactions of almost 35,000 hotels in the U.S. The data is broken out by rate category and channel including revenue and cost of customer acquisition to enable the NKF team to understand the dynamics of the evolving digital market.
Bryan Younge, Practice Leader and Executive Vice President of Hospitality, Gaming & Leisure explains, "its game changing…our team can now understand the nature of the business in a given market or grouping of hotels, including booking costs, loyalty contribution and length of stay in addition to a more accurate depiction of guest paid revenue. In this complex changing world, its invaluable to understand the underlying composition of RevPAR and we can apply this knowledge across 100+ markets for the benefit of our clients."
"We are delighted to provide services to NKF to most effectively assist their clients during this difficult time. Kalibri Labs has created forward looking recovery models to support debt restructuring, management of distressed assets and acquisition/disposition decisions in a COVID-19 world," noted Cindy Estis Green, CEO and Co-founder, Kalibri Labs. "Especially today with the pandemic wreaking havoc, legacy sources of industry performance data don't provide visibility into what drives the economics of hotels. Paramount to the health of the hospitality industry, we recognize the need to support the real estate ecosystem from lenders to special servicers, owners, and operators both now and ultimately when transactions resume."
The NKF team is also tapping Kalibri Labs data for detailed market reporting, feasibility and repositioning studies, economic impact analyses, discounted cash flow modeling and other aspects of valuation services.