How profitable were your hotels last month?
July: -100 bps of GOP margin growth on approx. +0.4% Total RevPAR.
What's Incremental To Our View
In our monthly analysis of operational level P&L metrics of nearly a thousand U.S. upper-tier full service hotels (data source: HotStats), we continue to forecast slightly positive margins for the full-year 2018 - this is being driven by modestly stronger transient demand in recent months.
Results in July were negatively impacted on the Group/convention side from the July 4th calendar shift. July's Rooms RevPAR was just +1.2% and GOP margins were -100 bps. We continue to observe rising labor costs in 2018. Efforts by hotel owners to minimize labor cost growth have had some positive effects
Fill out the form below to download the full report »
Industry Notes
Resource Center
