S Hotels and Resorts PCL, announced business strategies to boost profitability with the target to achieve THB 12 billion in total revenue for 2024 across five markets globally.
Like diet and exercise, the more disciplined you are, the more rewards you reap. Consider these common hotel pricing errors.
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Europe’s key hotel markets reported month-over-month improvement in gross operating profit per available room (GOPPAR), according to STR‘s February 2023 P&L data release.
Four key Asia Pacific hotel markets, led by New Delhi, surpassed their pre-pandemic levels in gross operating profit per available room (GOPPAR), according to STR‘s September 2022 P&L data release.
U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time.
Breakfast can be a profit center from brand recognition, search engine visibility, and increased turnover and profitability.
After falling to roughly US$20.00 in January, gross operating profit for U.S. hotels reached highest level in the metric since October 2021.
Broadvine, a leader in financial performance management software, announced today that it is implementing its cloud-based application to optimize hotel profitability for HP Hotels, a third-party hotel management company with a portfolio of nearly 40 hotels in 17 states.