Author
Author

David W. Heath

Principal at Heath & Company Hospitality Advisors

David  W. Heath Dave Heath brings over 25 years of hospitality industry experience to Heath & Company. Dave grew up in the restaurant industry and following his college training at the Hotel School at the University of Massachusetts worked in managerial positions with Hyatt Hotels and the Ritz-Carlton Hotel Company. Dave began his consulting career following completion of his Masters of Business Administration at Northeastern University in Boston. Following assignments with Laventhol & Horwath and later Arthur Andersen, where he managed the firm's Miami hospitality and real estate consulting practice, Dave launched Atlanta-based Heath & Company Hospitality Advisors, LLC in 1994. In 1996, Dave was invited to join the International Society of Hospitality Consultants. Dave is recognized as an authority and hospitality industry leader in the field of hotel labor management and employee productivity.
Insights by David W. Heath (1)

Labor Cost Trends in 2020

Based on CBRE’s survey of monthly operating performance, U.S. hotels experienced a 58 percent decline in total hotel revenues from 2019 to 2020. This resulted in a decrease of 78 percent in profits at the Gross Operating Profit (GOP) level, along with a 107 percent fall off in Earnings Before Interest, Taxes, Depreciation, and Amortization.
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