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U.S. Hotels Report Profit Growth in January Amid Coronavirus Concerns

New York City hotels
LONDON — U.S. hotels eked out a 0.6 percent year-over-year (YOY) increase in GOPPAR in January, but as the full scope of the coronavirus virus becomes clearer, subsequent months could put pressure on hoteliers to generate both top- and bottom-line growth, according to HotStats' U.S. January Market Report. Revenue also increased in January, as rooms RevPAR grew 2.7 percent YOY...

Matter of Transparency: Resort Fees Are a Growing Source of Revenue

Resort fees
The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) defines resort fees as "mandatory fees charged at either a flat amount or a percentage of the room rate." These fees are frequently intended to cover services such as fitness facilities, spas, pools, local phone calls, internet access, airport transportation, and golf driving ranges, among...

Rest and Relaxation: Health Movement Leads to Growth in Hotel Spas

Hotel spa
In 2007, CBRE introduced Trends in the Hotel Spa Industry in response to the spa industry’s rapid expansion within hotels and resorts and its relevance to hotels’ bottom lines. For the second time in the history of the publication, spa revenue increased at a higher rate than rooms revenue and total operating revenue. In 2018, the 159 hotels in...

U.S. Hotel GOPPAR Turns Downward in October

occupancy Decline, slowdown, september 2019, october 2019, GOPPAR
U.S. Hotels  Profit & Loss Performance Indicators October 2019 vs. October 2018 RevPAR: -2.1% to $190.93 TRevPAR: -0.9% to $300.54 Payroll: +2.3% to $98.64 GOPPAR: -2.8% to $126.97 Two consecutive months of profit gain in August and September were spoiled at the start of the fourth quarter, which began with a year-over-year (YOY) downturn in GOPPAR for U.S. hotels. According to HotStats data, GOPPAR in October...

Are Luxury Hotels Worth the Cost?

Luxury hotels
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August 2019, STR reports that just 0.7 percent of the hotels (2.3 percent of rooms) in the United States are chain-affiliated luxury hotels. Concurrently, the STR pipeline report shows that 1.2 percent of the properties (2.9...