U.S. Hotel Industry Posts Positive Year-Over-Year Results in November
HENDERSONVILLE, Tenn. — The U.S. hotel industry reported positive results across three key performance metrics during November 2019, according to data from STR. In...
Miami Hotel Rates to Top Super Bowl Weekend Record
BROOMFIELD, Colo.—Hotel average daily rate (ADR) in the Miami/Hialeah market is projected to reach a record level during Super Bowl weekend in 2020, according...
U.S. Hotel GOPPAR Turns Downward in October
U.S. Hotels
Profit & Loss Performance Indicators
October 2019 vs. October 2018
RevPAR: -2.1% to $190.93
TRevPAR: -0.9% to $300.54
Payroll: +2.3% to $98.64
GOPPAR: -2.8% to $126.97
Two consecutive months...
Are Luxury Hotels Worth the Cost?
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August...
What Happens When Government Per Diems Change?
Because federal government employees purchase a significant quantity of hotel rooms, the General Services Administration (GSA) has partnered with Federal Travel Regulation (FTR) compliant...