Despite an overall deceleration since 2017, a positive profit story was written by the hotel industry in North America in 2019. Profit grew slightly at 0.9% YOY, establishing a new normal of flat to slightly positive growth for the foreseeable future.
Then the coronavirus hit. Almost overnight, reluctant acceptance of a weakening—though stable—operating climate was replaced by extreme dread and hope of merely keeping operations afloat.
It’s anxious times for sure, but it, too, shall pass: Travel will resume, meetings will convene, and conferences will floor.
Each year, HotStats puts out its annual performance trackers that chart the previous year’s data across revenue and expense. While this is an extraordinary time, understanding where the industry was will act as a signpost to when it rebounds.
Download Profit Matters: North America Annual Hotel Performance Tracker 2020 to learn key data including:
- Revenue and profit measures across the region and five major cities
- 2019 vs. 2018 TRevPAR and GOPPAR year-over-year comparison
- Revenue contribution by department
- Estimates of what’s in store for 2020
Simply fill out the form to download your copy of the report today »
