u.s. hotels
How Online Platforms Help Independent Hotels Compete in the U.S.
July 17, 2023
By Maryam Mujica OTA participation boosts profitability and proves net positive for travel accommodations, particularly for smaller properties. This is how. The US accommodation market is iconic. It’s 1950’s motels lining empty desert roads, sun-soaked Miami beach resorts, old-world luxury with park views and much more besides. No wonder the US is the world’s largest tourism market and its third most visited destination. Even after 3 years of pandemic shutdowns and restrictions, hospitality entrepreneurs remain resilient. Due to increasing consumer demand, many are expecting 2023 to be their best year yet. The market remains dy...
U.S. Hotels – February 2022 Commentary
STR | March 24, 2022
February 2022 Top-Line Metrics (percentage change from February 2019) Occupancy: 56.9% (-8.2%) Average daily rate (ADR): US$137.39 (+6.8%) Revenue per available room (RevPAR): US$78.24 (-1.9%) Key Points from the Month U.S. hotel RevPAR rebounded rapidly to just US$2.54 below the February 2019 comparable. While ADR recovery has been significantly influenced by inflationary pressures, rates on both a nominal and inflation-adjusted (real) basis are recovering faster than in prior downturns. Nominal ADR in February was 6.8% higher than comparable 2019 level, while real ADR came in 4.8% below the pre-pandemic rate....
U.S. Hotels – January 2022 Commentary
STR | March 2, 2022
January 2022 Top-Line Metrics (percentage change from January 2019): Occupancy: 47.8% (-12.6%) Average daily rate (ADR): US$123.51 (-0.3%) Revenue per available room (RevPAR): US$58.98 (-12.8%) Key Points from the Month The weekday occupancy index (to 2019) softened significantly more than weekends. Group demand remained flat month over month, however, the group demand index fell significantly. While demand (and occupancy) softened moderately across virtually every segment of the industry, ADR indexes fell only modestly month over month even in the Top 25 Markets, as higher-than-anticipated January inflation...
U.S. Hotels: Changes in RevPAR and Profits During Historical Recessions
Robert Mandelbaum | April 1, 2020
By Robert Mandelbaum The U.S. lodging industry was prepared for a slowdown in performance entering 2020. CBRE Hotels Research was projecting a 1.1 percent increase in RevPAR for the year. Even with this low level of revenue growth, there were certain factors that could have sustained - or at least cushioned the blow of minimal declines - the nine-year trend of profit growth for U.S. hotels since 2010. We are in a low inflation period, which keeps the cost of goods and services low. Recent changes to food and beverage operations and marketing practices have helped to lower fixed costs. There is no energy crisis, so utility co...
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 ...
U.S. Hotels Enjoy Profit Growth, But It Is Becoming Harder to Achieve
CBRE | April 29, 2019
Atlanta – April 29, 2019 – While U.S. hoteliers enjoyed a ninth consecutive year of increasing profits in 2018, it is becoming increasingly difficult for managers to accomplish this task. According to the recently released 2019 edition of Trends® in the Hotel Industry by CBRE Hotels Americas Research, total operating revenue increased by 2.6 percent in 2018 for the average hotel in its survey sample. Managers were able to limit the growth in operating expenses to 2.8 percent, thus allowing for a 2.3 percent increase in gross operating profits (GOP) at the Trends® properties. The 2.8 percent growth in expenses is less...
