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PKF: Spas Continue to Boost Hotel Profit Growth

PKF: Spas Continue to Boost Hotel Profit Growth

BOSTON—Hotel spa departments continue to contribute to the revenue and profit growth of U.S. hotels. According to the 2015 edition of Trends in the Hotel Spa Industry, hotel spa department revenues increased by 5.1 percent in 2014, while spa department ...

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Increasing Occupancy Rates Boost Labor Costs

Increasing Occupancy Rates Boost Labor Costs

One of the most significant findings of the 2015 edition of Trends in the Hotel Industry was the 4.9 percent rise in operating expenses (ExPAR) for U.S. hotels during 2014. This is the greatest annual increase in ExPAR since 2007, ...

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Low Levels of New Supply Boost U.S. Lodging

Low Levels of New Supply Boost U.S. Lodging

CHICAGO—Fundamentals across the U.S. lodging sector remain unusually strong in the context of a cycle that turned 59 in July, based on consecutive months of positive TTM RevPAR, according to Fitch Ratings. TTM RevPAR was up 8 percent at the ...

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ADR Projected to Grow in Coming Months

ADR Projected to Grow in Coming Months

NEW YORK—Hotels in major North American markets are continuing to experience growth driven by strong rates, according to data from the March 2015 TravelClick North American Hospitality Review (NAHR). While hotels continue to experience steady growth, group sales have decelerated. ...

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The Developing Story: Pittsburgh

The Developing Story: Pittsburgh

Behind the steel curtain lies a hotel development scene set to explode this year. Here’s a quick guide to the many factors driving this growth. The City of Bridges is about to go through a bit of a growth spurt ...

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