LONDON, February 28, 2022—HotStats, the global leader in monthly profit and loss data benchmarking, has unveiled the findings of its “Profit Matters Global Hotel Performance Review 2021.”
The report, accessible here, covers full-year data on items inclusive of revenue, departmental expenses, payroll breakdown and profitability by asset class, along with in-depth regional commentary that adds context around the numbers and looks forward into 2022 and beyond.
This year, HotStats partnered with the IHG Owners Association and HAMA Europe for timely insight from its members.
“The last two years have been tumultuous for the global hotel industry, but as 2021 illustrates, and as the data show, the proverbial light at the end of the tunnel is getting closer and becoming sharper,” said Pablo Alonso, CEO of HotStats. “Now is the time for hoteliers to be extra vigilant vis-à-vis the bottom line, which means making sure that as revenues rise, costs remain in check, something hoteliers swiftly addressed at the outset of the pandemic. Consulting data will be central as the recovery moves forward.”
The “Profit Matters Global Hotel Performance Review 2021” includes:
- Region-by-region analysis
- Operational structure review
- Labor impact
- Expense reductions
- Commentary from industry executives
- Country and city-level revenue, expense and profit measures
- Estimates of what’s in store for 2022
HotStats provides monthly P&L benchmarking and market insight for the global hotel industry, collecting monthly detailed financial data from more than 8,500 hotels worldwide and over 100 different brands and independent hotels. HotStats provides more than 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales and departmental and total hotel profitability.