hotel benchmarking
Hotel Market Report: Asia’s Path Forward in 2024
HotStats | December 15, 2023
By Tareq Bagaeen Earlier this week I was talking to a regional commercial head of Asia for one of the world’s largest hotel chains and the view forward into 2024 is one of concern, to say the least. At the moment, the hotel benchmarking data look goods; for many destinations within this region, 2023 was a record year both in terms of topline revenue as well as Gross Operating Profit (GOP). Expectations are significant for the coming year; thus, the higher than usual level of apprehension. Let us start with the GOP king of Asia, and, all the world: Maldives. A destination that has a GOP figure of just under 300 USD per...
The Next Normal: Hotel Benchmarking Post-Pandemic
STR | June 30, 2021
After record-breaking disruptions to the global hotel industry, traditional year-over-year comparisons have been rendered far less actionable when benchmarking hotel performance data. During the Hotel Data Conference: Global Edition, on 25 March, STR’s Jesper Palmqvist and Isaac Collazo presented their top tips for how to benchmark most effectively as the industry recovers from the global pandemic. Index to an anchor point Go beyond last year and pick a pre-pandemic time as your benchmark comparable. For example, you could compare May 2021 data to May 2019 to look at what percentage of RevPAR you have recovered. ...
Despite RevPAR Dip, GOPPAR Gains at U.S. Hotels in June
HotStats | August 5, 2019
Revenue and profit aren't always simpatico. Check out what was up and what was down for U.S. hotels in June. Illustrating that revenue per available room and profit don’t always move lock and step, RevPAR at U.S. hotels in June declined year-over-year, but the drag did not bring down GOPPAR with it, according to the latest data tracking full-service hotels from HotStats. The result: RevPAR decreased 0.5% YOY to $175.14, while GOPPAR was up 0.9% to $113.10. Declining room occupancy, down 1.1 percentage points, was the likely culprit as achieved average room rate was up 0.8% YOY. Where, then, was the growth derived? Hotels in the ...
