With COVID-19 slicing into hotel profit, cutting food costs is more important than ever—especially with so many
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LONDON, September 4, 2020 — HotStats, the leading global provider of monthly profit and loss benchmarking data, and
Check out HotStats' Managing Director, EMEA, Michael Grove, discussing global hotel performance and trends for the
The world continues to deal with a pandemic that doesn’t want to subside. The hotel industry could use some
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HotStats has enabled us to review, on a monthly basis, each of our hotels’ individual performance to the properties within the HotStats database. This is providing solid third-party benchmarking and tracking capabilities for our operations teams to analyze and then tweak daily routines on property. It is enabling us to pinpoint specific areas within the P&L that we can improve upon as well as magnify where we are excelling."
VP of Acquisitions & Asset Mgmt., McNeill Hotel Company
"As an industry, we’ve historically put a great level of emphasis on benchmarking room revenue on a weekly and monthly basis. Benchmarking for the rest of the P&L, however, is often limited to annually. HotStats now provides hotel managers with the opportunity to benchmark the detailed line items of the P&L on a monthly basis. As operators, this allows us to stay current with the latest trends in the market and to respond immediately by adjusting operations as needed."
VP of Finance & Analytics, Prism Hotels