Tag: Revenue
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,...
Six Ways Technology Can Boost In-Room Dining Revenue
Picture this: you’ve been traveling all day and finally arrive at your hotel. Too tired to think about going out for dinner, you head...
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....
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...
Business Travel Boosts U.S. Hotels’ Profit Per Room in September
Key Performance Indicators
September 2018 vs. September 2017
RevPAR: +0.6 percent to $158.72
TRevPAR: +3.4 percent to $252.30
Payroll: -0.3 pts to 35.1 percent
GOPPAR: +5.9 percent to $95.66
A...