Tag: profit growth
CoStar: Group Demand Impacts October P&L Data
WASHINGTON—Improvement in group demand across the Top 25 Markets drove U.S. hotel revenue and profit growth, according to October P&L data from CoStar.
October 2023...
U.S. Hotel Profit Growth Bounces Back in November After Downward Blip
A negative profit turn for U.S. hotels in October gave way to robust growth in November as GOPPAR climbed 6.1 percent year-over-year (YOY), the...
Profit Growth Becomes Harder To Achieve for U.S. Hotels
ATLANTA—While U.S. hoteliers enjoyed a ninth consecutive year of increasing profits in 2018, it is becoming increasingly difficult for managers to accomplish this task....
Despite Government Shutdown, U.S. Hotels Recorded Profit Growth in January
Not even a government shutdown could throw the U.S. hotel industry off-kilter. In January 2019, hotels picked up essentially where they left off in...
U.S. Hotels Had a Third Consecutive Year of Profit Growth in 2018
U.S. hotels continued to make money last year. Year-over-year GOPPAR growth of 1.5 percent in December contributed to a 3.4 percent annual increase in...