Challenging start to 2019 for hotels in mainland Europe
Profit per room at hotels in mainland Europe fell by 9.1 percent year-over-year in January—the largest margin of decline in this measure since August 2016—as revenues dropped and costs escalated, according to the latest data tracking full-service hotels from HotStats.
U.S. properties recorded a 2.4-percent year-over-year increase in profit per room in January, driven by growth across all revenue centres and despite increased labour costs, according to the latest data tracking full-service hotels from HotStats.
UK profit disappoints even as REVPAR levels stay strong
Despite a 3.4-percent year-over-year increase in RevPAR in January, profit per room at UK hotels dropped by 2.6 percent due to rising costs, according to data tracking full-service hotels from HotStats.
End of summer coincides with profit hit at UK hotels
Profit per room at hotels in the UK fell by 4 percent in September, as a summer marked by GOPPAR growth came to a halt and demand levels shifted toward a more business-led mix, according to the latest data tracking full-service hotels from HotStats.
A timeline of AccorHotels’ history since Sébastien Bazin became CEO in August 2013 has been updated through April 2018, when the French hotel firm bought Mövenpick Hotels & Resorts for 560 million Swiss francs ($558.5 million).
The Swiss hospitality firm will contribute “Swissness” and technology innovations, while new owners AccorHotels will enhance Mövenpick’s growth in markets, including throughout the Asia/Pacific region.
Profit Matters: U.S. Annual Hotel Performance Tracker 2018
The profitability of hotels in the U.S. increased in 2017 in line with the growth of the economy, according to the latest findings from HotStats brand-new publication “Profit Matters: U.S. Annual Hotel Performance Tracker 2018”.
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