Ryan Hagerty
experience
enterprise innovation institute
pkf consulting
city of ocean city
shanghai centre
aig global real estate
c. talanian real estate
campion and co.
era martin surette
pkf consulting
During the summer between my first and second year at Georgia Tech, I had the opportunity to apply many of my newly found analytic skills to the hospitality industry.  Working with PKFC’s research team of economists, my principal project over the summer involved the development of statistical models to project revenues and expenses for hotels in fifty markets across the country.  By combining PKFC’s econometrically derived forecasts for key hotel variables with separate models for each market’s revenues and expenses, we were ultimately able to project changes to net operating income for hotels in each market.  Using a combination of multivariate regressions and piecewise regressions, we used PKFC’s 50,000 financial statements from the past 17 years to provide a forecast for the hospitality industry at a level of detail not seen before.  The output from these models allows hotel investors, operators, and managers, as well as industry analysts, to forecast future performance with greater confidence.

In addition to the modeling projects, I spent time writing and editing PKF’s white papers.  I also was able to become more adept at working with large data sets.