Home Tags Labor costs

Tag: labor costs

Coronavirus impact on economy

HotStats: U.S. Hotel Profit Stuck in Neutral as World Switches Gears

LONDON — For the seventh consecutive month, U.S. hotels remained in negative gross operating profit per available room (GOPPAR) territory in September 2020; at...
Among top markets, Tampa/St. Petersburg, Fla., recorded the highest TrevPAR and GOPPAR levels in June 2020.

STR: Full-Service Hotels Break Even With 50 Percent Occupancy in June

BROOMFIELD, Colo. — STR's latest monthly P&L data release shows U.S. hotel gross operating profit per available room (GOPPAR) declined 105.4 percent in June...

How the Components of Labor Costs Affect Hotels’ Bottom Lines

Per the Bureau of Labor Statistics, the average hourly compensation for a hospitality industry employee increased by 3.6 percent in 2016. In the hotel...

TrevPAR Grew and Profits Slid for U.S. Hotels in July 2017

U.S. Hotels' GOPPAR dropped by 0.7 percent in July 2017, as the 1.1 percent increase in TrevPAR was cancelled out by escalating costs, according...

Labor Costs on the Rise

With the current building boom and a dearth of available skilled laborers, the cost of construction labor has been steadily on the rise. While it...
Advertisement