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A focus on the margins: US hotel performance in the first half of 2023 : Monday, 11th September 2023 : 4Hoteliers

A focus on the margins: US hotel performance in the first half of 2023 : Monday, 11th September 2023 : 4Hoteliers
4hoteliers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 4hoteliers.com Daily Mail and Mail on Sunday newspapers.

United States , New York , Gross Operating Profit , Total Revenue , Total Labor Costs , Percentage Point ,

A focus on the margins: US hotel performance in the first half of 2023 - TravelDailyNews International

A focus on the margins: US hotel performance in the first half of 2023 - TravelDailyNews International
traveldailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.com Daily Mail and Mail on Sunday newspapers.

United States , New York , Gross Operating Profit , Total Revenue , Total Labor Costs , Labor Costs , Percentage Point ,

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 States , New York , Laura Resco , Gross Operating Profit , Total Revenue , Total Labor Costs , Labor Costs , Percentage Point ,

The Hotel Industry Has a Labor Problem. Here's How to Solve It. | By Rayna Katz – Hospitality Net

If you hadn t heard, hotels are facing a labor crisis. After major furloughs and layoffs last year due to the pandemic, properties now need to staff up to be prepared for the return of business. But they are facing a drought of workers, which some call the worst recruiting climate in the industry s history.
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Making conditions even more challenging is the fact that the dearth of prospective employees could be attributed to several factors, and it s unclear which ones are the biggest obstacles. These include immigration issues, specifically over H-2B visas, which, in the U.S., the Biden Administration is addressing, unemployment insurance and a migration of talent to other industries. ....

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