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Analysts express cautious optimism for U S hotels in 2024: Travel Weekly

Analysts express cautious optimism for U S hotels in 2024: Travel Weekly
travelweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from travelweekly.com Daily Mail and Mail on Sunday newspapers.

Laura rescoRyan melikerLas vegasAnalytics research consultingAmericas lodging investment summitLodging analytics researchAmanda hiteEstis greenKalibri labs

A Focus on the Margins: US Hotel Performance in the First Half Of 2023

Article - A Focus on the Margins: US Hotel Performance in the First Half Of 2023 - By Laura Resco - Hotels in the United States saw general pressure on profit margins in the first half of 2023, with Gross Operating Profit (GOP) margin falling by 1 percentage point compared to the same period in 2022. A closer look at brand-scale performance reveals that the extremes were particularly affected: the luxury and midscale & economy segments exhibited the greatest year-on-year margin declines.

United statesNew yorkLaura rescoGross operating profitTotal revenueTotal labor costsLabor costsPercentage point

M3 Minutes - Hotstats - Laura Resco

Join us for an unmissable episode featuring Laura Resco, Director of Hotel Intelligence at Hotstats. Our discussion will cover the importance of hotel benchmarking for safeguarding your business against economic downturns, as well as insights into the current state of the hospitality industry and predictions for 2023. Don t miss out on the conversation - tune in now!

United statesLaura rescoHotel intelligence at hotstatsHotel intelligenceNorth america