PROFIT MATTERS 2024

Profit Matters 2024:
The Numbers Behind Hospitality’s Biggest Wins and Challenges

From operational efficiency to identifying market trends, this report provides the insights you need to drive profitability and resilience in 2025 and beyond.

Download your copy today and see how HotStats empowers the hospitality industry with Profit Intelligence.

A message from Michael Grove, CEO HotStats

The global hospitality industry is witnessing a complex landscape of recovery and challenge as it emerges from the impacts of the pandemic. Regions around the world, from Europe to the Americas, the Middle East, and APAC, are navigating their unique economic conditions, market dynamics, and consumer behaviors.

Here are some highlights from the report that offer key insights into the performance metrics, profitability concerns, and growth opportunities within these diverse markets, offering a snapshot of the industry's current state and prospects.

To gain access to a more comprehensive understanding of the global hospitality industry's shifting dynamics by exploring in-depth analyses and data

Simply fill out the form to download your copy of the report today

HotStats has enabled us to review, on a monthly basis, each of our hotels’ individual performance to the properties within the HotStats database. This is providing solid third-party benchmarking and tracking capabilities for our operations teams to analyze and then tweak daily routines on property. It is enabling us to pinpoint specific areas within the P&L that we can improve upon as well as magnify where we are excelling."

Anna Rench,

VP of Acquisitions & Asset Mgmt., McNeill Hotel Company

"As an industry, we’ve historically put a great level of emphasis on benchmarking room revenue on a weekly and monthly basis. Benchmarking for the rest of the P&L, however, is often limited to annually. HotStats now provides hotel managers with the opportunity to benchmark the detailed line items of the P&L on a monthly basis. As operators, this allows us to stay current with the latest trends in the market and to respond immediately by adjusting operations as needed."

Paul Mengacci,

VP of Finance & Analytics, Prism Hotels

As Cycas continues to grow and expand its European portfolio the, data insight that HotStats provide, has been invaluable in supporting us going into new markets and investments, as well as enhancing our performance in our existing hotels and properties. The tool has supported our focus on benchmarking and understanding the cost structure and analysing detailed P&L data. For our traditional hotels, as well as our extended-stay portfolio, this has emphasised where our result-driving strategies need support if not have excelled against the rest of the market.

Neetu Mistry,

Chief Commercial Officer, Cycas Hospitality