hotel profits
Why Wellness Versus Illness Matters as a Hotel Profit Center
Larry and Adam Mogelonsky | August 3, 2022
By Larry and Adam Mogelonsky The age old quote goes as follows: “If you don’t make time for your wellness, then you’ll be forced to make time for your illness” This quote highlights the notion of being proactive with our own bodies (wellness) instead of waiting until a debilitating disease strikes before seeking help from a medical professional (illness). To this end, COVID-19 served as a flashpoint, both for general awareness of wellbeing practices and for the acceleration of medical technologies related to antiaging. Where hotels come into the mix is as wellness centers to serve a growing clientele of longevity-seeking custome...
HotStats July US Hotels Market Update: TrevPAR Grows but Profits Slide at US Hotels
HotStats | September 1, 2017
LONDON, September 1, 2017 GOPPAR dropped by 0.7-percent at hotels in the USA this month, as the 1.1-percent increase in TrevPAR was cancelled out by escalating costs, according to the latest worldwide poll of full-service hotels from HotStats. Although year-on-year growth in RevPAR at hotels in the USA remained flat this month, at $157.48, an increase in non-rooms revenues, including Food and Beverage (+2.0-percent) and Conference and Banqueting (+1.5-percent), meant that a 1.1-percent increase was recorded in TrevPAR, to $234.20. That said, in spite of the year-on-year increase, the TrevPAR achieved this month was the second lowest of ...
