Hotels in the UK faced a challenging start to the year as escalating costs,…
April 26, 2018 2:46 pm
The profitability of hotels in the U.S. increased in 2017 in line with the growth of the economy, according to the latest findings from our brand-new publication “Profit Matters: U.S. Annual Hotel Performance Tracker 2018”.
Full-service hotels in the U.S. recorded a 2.9-percent increase in profit per room in 2017, on the back of growth in all revenue departments fuelling a 2.5-percent increase in TrevPAR (Total Revenue per Available Room).
In addition to covering the overall U.S. hotel market, the publication drills down to the profit performance of individual city markets across the U.S. This includes Washington D.C., San Diego, Houston, New York City, where the profit conversion of hotels are amongst the lowest in the country, and San Francisco, where profit levels have been challenged by escalating Labor costs.
To download your free copy of this publication please click the link below.
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