Tag: drilldown
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,...
Stuck at Home: ‘Uneventful’ Year Sinks Hotel Profitability
Everyone can agree that 2020 was a year full of surprises, record declines in hotel performance, and learning opportunities. For instance, analyses of monthly...
Lobby, Please: The Exit of Hotel Profits
2020 kicked off with slight increases in both total revenues and gross operating profits, however, record industry highs quickly changed to record lows. Approximately...
U.S. Top 25 Markets Have Been Hit Hard by COVID-19
STR's Top 25 Markets are the largest of the STR-defined U.S. markets. In 2019, they accounted for one-third of all the available rooms in...
Pre-COVID Performance of Soft-Branded Hotels
Before the COVID-19 pandemic devastated hotel performance trends across all property types, soft brands were continuing to deliver hardline results at a pace that...