Tag: Hotstats
NYC Hotels Record GOPPAR Decline for Third Straight Month
New York City hotels had a third consecutive month of GOPPAR decline in March—a figure that was off more than 27 percent YOY, according...
HotStats: U.S. Hotel TRevPAR Hits Record High, RevPAR Declines in March
U.S. hotel TRevPAR hit a record high in March 2019, propelled by a 6.8 percent year-on-year increase in non-rooms revenues, which offset a 0.6...
HFTP Partners with HotStats on Global Hospitality Accounting Common Practices Database
AUSTIN—Hospitality Financial and Technology Professionals (HFTP) has announced a partnership with HotStats to manage the Global Hospitality Accounting Common Practices (GHACP) database. First released...
HFTP Research Sheds Light on Hotels’ Pre-Opening Budgets and IT Timelines
AUSTIN, TEXAS—A newly released HFTP study—Pre-Opening Expenditures in Hospitality—investigates pre-opening budget timelines and procedures in the hospitality industry. Commissioned by Hospitality Financial and Technology...
HotStats: Shutdown Resulted in 88.8 Percent YOY Drop in GOPPAR for D.C. Hotels
The 35-day federal government shutdown from December 22nd, 2018, to January 25th, 2019, dealt a crushing blow to profitability for Washington, D.C. hotels, according...