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San Francisco Hotels Saw a Profit Increase in September

San Francisco
Key Performance Indicators September 2018 vs. September 2017 RevPAR: +9.6 percent to $278.13 TrevPAR: +7.1 percent to $365.57 Payroll: -2.2 pts to 37.4 percent GOPPAR: +17.2 percent to $150.13 In San Francisco, profit per room increased by 17.2 percent year-on-year (YOY) in September as demand levels were driven by major technology conferences, according to the latest data tracking full-service hotels from HotStats. In addition to the...

Beyond Numbers: Putting Big Data To Work

Mark Heymann
Thanks to technology, today’s hotel owners and managers benefit from a nonstop stream of information, and ever-improving dashboards keep it always at the ready. But all too often, valuable, potentially actionable data is simply channeled into reports that are dutifully produced on a monthly, weekly, even daily basis, only to be lost in a numbers overload. By understanding which...

Three Highlights from Marcus & Millichap’s Midyear Hospitality Outlook

Clarity on a new tax law will push hotel investors to capitalize on new assets, according to the Marcus & Millichap's recently released Hospitality Outlook for midyear 2018. In the first half of 2018, 1.3 million jobs were added to the economy, which lowered the unemployment rate to below 4 percent. With new jobs available, personal disposable income has...

GOPPAR Dropped 5.6 Percent for New Orleans Hotels in July

New Orleans
In July, hotels in New Orleans suffered a 5.6 percent drop in profit per room in spite of a 0.2 percent increase in RevPAR, according to the latest data of full-service hotels from HotStats. These outcomes were in line with the national performance of full-service hotels for July—despite a 1.1 percent year-on-year increase in RevPAR among hotels nationwide, profit per...

GOPPAR Growth Continues Unabated at U.S. Hotels in May

Boston
Hotels in the United States recorded a fourth consecutive month of year-on-year profit growth in May 2018 as a result of ongoing robust increases in revenue and in spite of rising costs, according to the latest worldwide poll of full-service hotels from HotStats. U.S. hotels recorded a 1.6 percent year-on-year growth in profit per room in May 2018 to $109.89—a...