U.S. Hotels Are Operating at the Highest Level of Efficiency Since 1960

Atlanta–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 recently released 2018 edition of Trends in the Hotel Industry by CBRE Hotels’ Americas Research, total operating revenue increased by 2 percent in 2017 for the average hotel in its survey sample. By limiting the growth in operating expenses to 1.9 percent, the managers surveyed saw a 2.2 percent increase in … Continue reading U.S. Hotels Are Operating at the Highest Level of Efficiency Since 1960