RESOURCE CENTER

May down 12,570 bps y/y on -92.9% Total RevPAR

Op. ex & other costs materially reduced in May but hotels still deep..

2019 was another challenging year for hotels in the Middle East and North Africa. The negative profit story of 2018..

2019 was already a challenging year for hotels across Asia, as profit for the year fell 3.5% year-over-year. Then..

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..