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Asia-Pac hotel profits -45% to -216% y/y in February: bad for C-corps; leading indicator for U.S. REITS

Hotels in North America achieved a 0.9% year-over-year increase in profit growth in 2019, a slight uptick that was..

A fraught year for the eurozone economy in 2019 was equally matched by European hotel profit, which dropped 4.3%..

December Hotel P&L Analyzer: +70bps y/y on +5.3% Total RevPAR growth

4Q: +35bps, above our initial forecast of ~..

GOP margins -100 bps y/y on Total RevPAR of -1.2%

Introducing our 2020 margin forecast of -25 to -125 bps

The third quarter wrapped in September and presented two different portraits of the United States and Europe in..

GOP margins flat on Total RevPAR of +3.2%

Resort fee legislation another possible profit headwind if implemented

GOP margins -20 bps on Total RevPAR of +3.8%

FY19 RevPAR guide cuts at 2Q earnings add even more pressure to EBITDA..