There’s an open secret amongst hoteliers: They love the ‘B’ in F&B. The ‘F’? Well, there’s another word that starts with an F they often used to describe it.
March 2021 by the numbers with David Eisen from Hotstats, the world’s largest monthly profit-and-loss database in the hotel industry. With uniquely intelligent benchmarking and performance software, HotStats looks far beyond REVPAR, offering an unparalleled opportunity to understand the industry like never before. How does your performance stack up?
Reviewing 2020 by the numbers and the Profit Matters, Global Hotel Performance Review 2020 report with David Eisen from Hotstats. Here is the hard evidence of the impacts of pandemic restrictions on hotel performance by region.
Bouncing back to profitability is proving a Sisyphean task for U.S. hotels. The rest of the world is having a slightly easier path.
U.S. hotels eked out a 0.6% year-over-year increase in GOPPAR in January, but as the full scope of the coronavirus becomes clearer, subsequent months could put pressure on hoteliers to generate both top- and bottom-line growth.
The year ended on a strong note, represented by a fourth consecutive month of year-over-year profit growth on a per available room basis.
The third quarter ended on a high note for U.S. hotels, as September profit per room climbed year-over-year, indication that the current cycle still has teeth.
Hotels in mainland Europe recorded their first year-on-year increase in profit per room in May, powered by growth across all revenue centers, according to the latest data tracking hotels from HotStats.
despite an almost double-digit uptick in the average room rate, year-over-year profit per room at hotels in the Middle East & North Africa dropped in May