The budget serves as a guiding light but we live in the reality that we know it is not going to be the answer.
More than two-thirds of STR-defined U.S. hotel markets outperformed their 2019 comparables over the four weeks ending 9 April 2022.
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.
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.
The Middle East hotel industry reported RevPAR that was 85.6% of the pre-pandemic comparable, the highest among the global regions.
Lifted by the Saudi Arabian Grand Prix, Jeddah’s hotel industry reported its highest ADR and RevPAR on record.
Never miss a trend.