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› U.S. Hotel Performance 2024: Rising Operating Costs Dampen Profit Margins Despite Revenue Growth
U.S. Hotel Performance 2024: Rising Operating Costs Dampen Profit Margins Despite Revenue Growth
2025-03-20 16:03:51| Hotel Resource
n 2024, U.S. hotels saw a 2.7% rise in Total Revenue per Available Room (TRevPAR) but a 1.1% decrease in GOP margins due to escalating operating costs. [ more ]
Category:
Hospitality
LATEST NEWS
Baymont by Wyndham Houston/Westchase Hotel Sold
2025-03-20 14:53:40| Hotel Resource
HVS Brokerage & Advisory has announced the successful sale of the 61&key Baymont by Wyndham Houston/Westchase Hotel to Nagin Investments LLC, marking another successful transaction for the brokerage firm. [ more ]
Category:
Hospitality
Unveiling the Success of Dual&Brand Hotels: A Closer Look at Hilton's Strategy
2025-03-20 14:53:40| Hotel Resource
The rise of dual&brand hotels has proven successful due to their ability to cater to diverse guest needs while offering cost efficiencies for hotel owners. [ more ]
Category:
Hospitality