Tag: market report
U.S. Hotels Report Profit Growth in January Amid Coronavirus Concerns
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...
Matter of Transparency: Resort Fees Are a Growing Source of Revenue
The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) defines resort fees as "mandatory fees charged at either a...
Rest and Relaxation: Health Movement Leads to Growth in Hotel Spas
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...
U.S. Hotel GOPPAR Turns Downward in October
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...
Are Luxury Hotels Worth the Cost?
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August...