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Shifts in Revenue and Expenses Boost Hotel F&B Profits

Shifts in Revenue and Expenses Boost Hotel F&B Profits

Consumer dining trends tend to be more volatile than lodging trends. Recognizing this, hotel managers have made some significant changes in the way they offer food and beverage service to their guests. The traditional three-meal, all-purpose restaurants and room service ...

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Miami Proves Resilient During a Year of Headwinds

Miami Proves Resilient During a Year of Headwinds

Overnight visitors to the Greater Miami area spent a record-breaking $26 billion while traveling in the destination from September 2016 to August 2017—a 2 percent increase over the same time period of the previous year. That’s according to research released ...

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Full-Service Hotel GOPPAR Levels Hit 2017 High in October

Full-Service Hotel GOPPAR Levels Hit 2017 High in October

Fueled by year-over-year growth across all revenue departments, profit levels at full-service U.S. hotels hit a year high of $135.08 per available room in October 2017, according to the latest worldwide poll of full-service hotels from HotStats. Hotels achieved year-over-year ...

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Hoteliers Overestimated 2016 Performance

Hoteliers Overestimated 2016 Performance

From 2010 through 2015, U.S. hotels enjoyed above long-run average revenue and profit growth. Over the six-year period, total operating revenue increased at a compound annual growth rate (CAGR) of 5.8 percent, while gross operating profits grew at a CAGR ...

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August 2017 GOPPAR Levels Hit a 2017 Low

August 2017 GOPPAR Levels Hit a 2017 Low

Despite recording a 0.6 percent increase in RevPAR, GOPPAR at U.S. hotels fell to a year-to-date low of $71.01 in August 2017 as demand levels slowed during the summer, according to the latest worldwide poll of full-service hotels from HotStats. ...

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