HotStats: U.S. Hotels Suffer Profit Plunge in November
Hotels in the United States did not have much to be thankful for in November as they posted a 5.2 percent year-on-year drop in...
Dual-Branded Hotels: Beware Expectations of Significant Operating Efficiencies
For the past four years, the opening of dual-branded properties has been very popular among hotel developers. The perceived benefits of building a property...
World Series Boosts Boston Hotel Performance in October
Key Performance Indicators
October 2018 vs. October 2017
RevPAR: +5.0% to $315.16
TRevPAR: +5.1% to $429.56
Payroll: -0.2 pts. to 26.0%
GOPPAR: +5.5% to $225.23
U.S. hotels recorded their highest...
Austin Hotels Record a Banner Month in October Thanks to F1 Grand Prix COTA
Key Performance Indicators
October 2018 vs. October 2017
RevPAR: +4.3% to $214.45
TRevPAR: +3.4% to $299.10
Payroll: +0.2 pts. to 22.1%
GOPPAR: +3.5% to $164.03
U.S. hotels recorded their highest...
U.S. Hotels Record 2018 High for Profit Per Room in October
U.S. hotels recorded their highest level of profit per room for the year in October, attaining revenue increases across all departments despite mounting costs,...
CBRE Forecasts 10th Consecutive Year of Growth for U.S. Hotels in 2019
ATLANTA—Based on an upward revised outlook for the U.S. economy, CBRE Hotels Americas Research is forecasting a 10th consecutive year of growth for the...
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Five Hotel Companies Among Fortune’s 100 Best Companies to Work For
Five hotel companies made the recently released 21st annual Fortune 100 Best Companies to Work For list, which is based on surveyed employee ratings...
Five Markets With the Most Hotel Construction
Analysts at Lodging Econometrics recently reported the top five markets with the largest hotel construction pipelines for the third quarter of 2018. The number...
What Are Your True Variable Costs Per Occupied Room?
Knowing the average, actual costs incurred per occupied guestroom enables a manager to make more prudent pricing and marketing decisions and to monitor expenses....
12 Ways To Increase Hotel Security
Even when hotels have strong security policies and procedures in place, they are still vulnerable to cyber attacks, break-ins, theft, fraud, and other crimes....
