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› Elevated Costs Meant Total Revenue Growth Failed to Translate into Profits & CBRE U.S. Hotels State of the Union April 2024 Edition
Elevated Costs Meant Total Revenue Growth Failed to Translate into Profits & CBRE U.S. Hotels State of the Union April 2024 Edition
2024-04-15 21:54:11| Hotel Resource
January's total revenue growth of 3.0% failed to offset the 220&basis point contraction in margins, causing a 5.7% decrease in GOP dollars as labor costs from rising wages continued to pressure operating profit.
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Hospitality