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Examining Hotel Labor Costs

Examining Hotel Labor Costs

As revenues continue to grow for most U.S. hotels, the combined cost of salaries, wages, bonuses, and payroll-related expenditures has declined as a percent of total hotel revenue. In 2013, labor costs represented 32.3 percent of total revenue, down from ...

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Wyndham Brand Expands in Florida with Jupiter Hotel

Wyndham Brand Expands in Florida with Jupiter Hotel

PARSIPPANY, N.J.—Wyndham Hotel Group expanded the footprint of its upscale Wyndham Hotels and Resorts brand in Florida with the opening of the newly constructed, 179-room Wyndham Grand Jupiter at Harbourside Place, the brand’s fourth Wyndham Grand property in the state. ...

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Starwood Hotels & Resorts Sells St. Regis, Rome

Starwood Hotels & Resorts Sells St. Regis, Rome

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide Inc. has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for approximately $150.7 million. Starwood will continue to operate the hotel under the St. Regis brand flag as part of ...

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Recovery From the Great Recession is Complete

Recovery From the Great Recession is Complete

In the lodging industry, the recovery from the Great Recession is complete. In Q2 2014, the construction pipeline posted a double-digit gain year-over-year (YOY) for the third consecutive quarter. At Q2 2014, the pipeline stands at 3,311 projects/421,387 rooms, an ...

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