F&B Operations Are Back But Profit Margins Remain Far From Pre-Pandemic Levels
Throughout most of the pandemic recovery period, food and beverage (F&B) revenues have been the largest piece missing from the hotel profitability puzzle. Groups, events, and business travel went from thriving to nonexistent, contributing heavily to the lack of F&B revenues over the last two-plus years. Now, even as F&B operations ramp back up in the United States, there is a long way to go to reach pre-pandemic levels in profits and margins. By July […]
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