Tag: costs
Controlling Utility Costs: U.S. Hotel Owners and Operators Have Tools Available to Meet This...
Annual changes in U.S. hotel utility costs and in the Consumer Price Index (CPI), or inflation, have historically proven to be strongly correlated. As...
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,...
Costs on the Rise: Hotel Insurance Represents a Growing Expense for Hoteliers
As of the writing of this article, we are still evaluating the long-term impact that COVID-19 is having on the U.S. lodging industry. Owners...
Unit-Level Hotel Marketing: P&L Reveals Changes in Department Functions
Technology, online intermediaries, social media, revenue management software, shared services, and the proliferation of market intelligence reports have reshaped the way hotel sales and...
Revisiting Solar Energy for Hotels
Solar energy was once a popular option for commercial venues, but when excitement around this renewable energy source waned, other trends started to take...