Tag: labor costs
A Lens on Labor: Growing Costs Remain a Setback for the U.S. Hotel Industry
Although we are well into the new year, the global hotel industry is still facing many of the same struggles from years past, including...
Rising Labor Costs: Drivers Include Inflation, High Minimum Wage, and More Hours Worked
Less spending on labor has been a big reason why U.S. hotel profit margins have held strong, but that spend is on the rise...
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...
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...