profit
Scant Business at Europe’s Hotels Sends Profit to Historical Low
HotStats | June 1, 2020
April was a month of virtually no business volume for Europe's hotels, as the coronavirus spread across the continent, prompting countries such as Spain, Italy and Russia to impose lockdowns in order to flatten the infection curve. The result was pain across the operating statement, with GOPPAR recording its historical low at -€17.86, a 132.0% decline compared to April of 2019. With travel bans and mandatory stay-at-home orders in effect, occupancy fell by 69.7 percentage points YOY to single-digit levels, which, combined with a 44.1% drop in average rate, drove RevPAR down by 95.5%. The closure of F&B venues, as well as health clubs...
Benchmarking 101: Golf Course Operation
HotStats | February 18, 2020
Let’s face it, when it comes to benchmarking, most hotel professionals historically put their efforts into measuring room revenue. Sadly, if you’re only focused on rooms, you're missing out on ancillary revenue and, ultimately, profit. In this blog, we shine the light on golf. While golf participation hit a peak in 2005—because of this guy—it waned in the ensuing years as the sport lost some of its popularity. But that same guy’s resurgence has led to a mini golf boom, which is sweet music to golf resort ears worldwide. A resort’s golf operation is one of the most untapped resources out there. After all, golf is an $84 billi...
Year of Profit Growth Continues at U.S. Hotels
HotStats | October 1, 2019
Key Takeaways: While a large portion of the global industry is having trouble driving profit, U.S. hotels are hitting a purple patch. U.S. hoteliers are doing a strong job of flexing cost, as expenses, including payroll, continue to rise on a YOY basis. It’s not all peachy. New York, for instance, has had only one month so far this year of YOY profit growth—June, at only 0.6% growth. GOPPAR increased 1.4% year-over year in August, matching RevPAR growth, which also clocked in with a positive 1.4% gain, according to monthly data from HotStats. August continued a streak of GOPPAR growth in 2019, with the only nega...
