U.S. Hotels Bring in Record Revenue in 2015

    2015 was a good year for hospitality. Last year, the hotel industry’s revenue and profit margin reached historic highs. According to STR’s 25th annual HOST Almanac, hospitality’s house profit reached $73 billion last year–passing a peak that had not been reached since 2007. The profit margin in 2015 was 38.5 percent, inching past 2007’s profit margin of 38.1 percent. STR reports that the U.S. upper midscale segment had the largest profit increase last year at 8.4 percent, while the luxury segment had the smallest increase at 6 percent. The industry’s revenue rose above $189 billion, making a leap of $14 billion from 2014. To read more about the hotel industry’s hot streak, click here.