Uptick in Profit: Group Demand and F&B Revenues Drive Gains
After hitting record lows during early points of the pandemic, last year finally presented long-awaited profitability returns for the U.S. hotel industry. Strong demand, coupled with strong pricing power in an inflationary environment, pushed revenues and profits beyond 2019 levels. By year’s end, total revenue per available room (TRevPAR) reached $202.23, and gross operating profit per available room (GOPPAR) was $73.70 with a healthy margin of more than 36 percent over 12 months. This year […]
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