Tag: Hotel Performance
U.S. Hotels Had a Third Consecutive Year of Profit Growth in 2018
U.S. hotels continued to make money last year. Year-over-year GOPPAR growth of 1.5 percent in December contributed to a 3.4 percent annual increase in...
Portland, Oregon, Hotels Suffer Growing Pains in November
Hotels in the United States recorded a 5.2 percent year-on-year drop in profit per room in November, according to the latest HotStats data tracking full-service hotels....
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...
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...
Nashville Hotel Performance Five Years After Opening Music City Center
Located in the heart of the Nashville central business district (CBD), the Music City Center (MCC) is a $623 million convention center that opened...