Finance & DevelopmentNew Orleans Hotels Recorded Increased Occupancy and RevPAR in January

New Orleans Hotels Recorded Increased Occupancy and RevPAR in January

In January 2019, U.S. hotels picked up essentially where they left off in 2018, demonstrating a sustained uptrend in profit growth, according to the latest data tracking full-service hotels from HotStats. While some markets like Washington, D.C., felt the impacts of the government shutdown, others—like New Orleans—saw hotel profits rise significantly.

Profit & Loss Key Performance Indicators – New Orleans
January 2019 vs. January 2018

RevPAR: +4.7% to $144.24
TRevPAR: +7.2% to $231.42
Payroll: -1.1 pts. to 30.5%
GOPPAR: +15.3% to $97.49

New Orleans hotels benefited from the temperate climate and events in January, including the Sugar Bowl and beginning of Mardi Gras celebrations, which fuelled a 15.3 percent GOPPAR increase.

In addition to the 4.7 percent increase in RevPAR to $144.24, the combination of a 1.6 percentage-point increase in room occupancy and a 2.4 percent increase in ARR led New Orleans hotels to record an 11.7 percent increase in non-rooms revenue, which hit $87.18 for the month.

 


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