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U.S. Hotel Profit Growth Bounces Back in November After Downward Blip

REVPAR 2019 - December 2019
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 second-highest increase of 2019, according to data from HotStats. While strong in November 2019, year-to-date (YTD) profit growth was somewhat muted—up just 0.3 percent. Profit & Loss Performance Indicators November 2019 vs. November 2018 RevPAR: +1.7% to $162.67 TRevPAR:...

Profit Growth Becomes Harder To Achieve for U.S. Hotels

Revenue management during a downturn
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. According to the recently released 2019 edition of Trends in the Hotel Industry by CBRE Hotels Americas Research, total operating revenue increased by 2.6 percent in 2018 for the average hotel in its survey sample....

Despite Government Shutdown, U.S. Hotels Recorded Profit Growth in January

Washington, D.C.
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 2018, demonstrating a sustained uptrend in profit growth. U.S. properties recorded a 2.4 percent year-over-year (YOY) increase in profit per room in January, driven by growth across all revenue centers and despite increased labor costs,...

U.S. Hotels Had a Third Consecutive Year of Profit Growth in 2018

Profit per room
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 profit for hotels in the United States, according to data from HotStats tracking full-service hotels. It was the third consecutive year of GOPPAR growth, following YOY increases of 3.7 percent in 2016 and 3 percent...

Cost Controls Perpetuated U.S. Profit Growth in 2017

profit growth, recovered
U.S. hoteliers enjoyed an eighth consecutive year of increasing profits in 2017, despite another slowdown in the rate of revenue growth. According to the 2018 edition of Trends in the Hotel Industry, total operating revenue increased by 2 percent in 2017 for the average hotel in its survey sample. Fortunately, by limiting the growth in operating expenses to 1.9...