Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers.
Lodging companies tout strength of recovery
Lodging companies reported significantly improved results over the first quarter of 2022, with many profitability metrics outpacing those in 2019.
European hotel profit tops 2019 levels
Europe’s hotels are now back to pre-pandemic profit levels with GOPPAR slightly higher than the same month in 2019.
Macro-level obstacles little match for global hotel industry
The global hotel industry is producing strong performance numbers all against a climate of financial unease.
Rating rate: How hoteliers made the right decisions this time
The bottom line is that the more hotel rooms filled does not always equate into higher profit, which is what hotel owners are only interested in from an operational perspective.
Recent expense rise presents threat to hotel profit
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound.
Omicron emergence a yardstick for the hotel industry
Though the materialization of new coronavirus strains vex, it turns out, the more thrown our way, the better we now appear to cope.
Omicron threatens hotel performance recovery
Indications are that future hotel bookings, meetings, and other hotel-related activity will be impacted by the presumed expectation of future travel impediments, whether self-imposed, company-imposed, or government-mandated.
Case Study: Phuket Sandbox performance
In conjunction with HotStats, HAMA AP has conducted a preliminary analysis of performance in the first two months of the Sandbox operation.
2021 is halfway complete, how far has the hotel industry made it back?
Gauging the global hotel industry’s recovery is a lot like poker: you play the hand you’re dealt as best you can and you never know what the next one will bring.
