Tag: profits
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...
U.S. Hotels Report Mostly Positive Performance for Q2 2019
HENDERSONVILLE, Tenn.—The U.S. hotel industry reported mostly positive results in three key performance metrics during Q2 2019, according to data from STR. In a...
Profit Per Room at U.S. Hotels Bounced Back in May
After a negative turn in April, profit per room at U.S. hotels bounced back in May, increasing by 2 percent year-over-year (YOY) and buoyed...
U.S. Hotel Profits Hit Record High in 2018, Even as Labor Costs Rose
BROOMFIELD, Colo.—Industrywide, U.S. hotel house profit reached a record-breaking $80 billion in 2018, even as labor costs grew at a higher rate than revenues,...
Hotel Spas: Not Just for Resorts Anymore
According to the December 2018 edition of CBRE’s Hotel Horizons, the annual growth in RevPAR for U.S. hotels is forecast to decline from 2.8...