Tag: profits
2024 Outlook: Profit Trends Should Stabilize, Despite Lingering Challenges
While there are still many unknowns regarding the economy, STR's data points to further stabilization for the U.S. hotel industry. Aligned with record highs...
HotStats: Hotel Profit Perks Up Globally, Except in Europe
HotStats on Friday released its February 2021 report on hotel performance worldwide, showing positive profitability in regions outside of Europe, including the United States,...
Lobby, Please: The Exit of Hotel Profits
2020 kicked off with slight increases in both total revenues and gross operating profits, however, record industry highs quickly changed to record lows. Approximately...
STR: U.S. Hotel Profits Down 84.6 Percent in 2020
BROOMFIELD, Colorado — Including a 100.6 percent decline in December, U.S. hotel profitability fell 84.6 percent in 2020, according to STR's latest monthly P&L...
NYC Hotel Profits Fell in September
While the U.S. hotel industry proved resilient in September, New York City hotels did not have a successful month, even as the city hosted...