approach to labor costs

Cost Control: Hotels Continue Adjusting Approach to Labor Costs

The pandemic has affected all aspects of hotel operations, including cost allocation and staffing practices. With labor remaining a moving target for the industry,...
May 2022 Calendar

STR: Weekly U.S. Hotel Occupancy Declined While ADR Increased

HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR's latest data through May 7,...
management fees

Fluctuating Fees: The Impact of the COVID-19 Industry Recession on Management Fees

Hotel management contracts typically include two primary components of compensation for the management company—a base fee and an incentive fee. The base management fee...
april 2022

STR: U.S. Hotel Occupancy Improves Week Over Week

HENDERSONVILLE, Tennessee — U.S. hotel occupancy improved from the previous week, while average daily rate (ADR) decreased slightly, according to STR's latest data for...
profit

STR: March 2022 GOPPAR Reaches Highest Level Since November 2019

HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) reached its highest level since November 2019, according to STR's March 2022 P&L data...
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