Upper-upscale branded hotels’ operating expense trends | hotelnewsnow.com
Hotels have been cutting back on operating expenses because of the current economic conditions, but how have the past years’ expenses trended versus revenue growth? This article explores the past three years’ upper-upscale branded hotels’ operating revenues and expenses. (Upper-upscale brands include such brands as Hilton, Marriott, Westin and Hyatt.) Using Smith Travel Research’s Hotel Operating Statistics Study (HOST) data, we sampled data from 575 U.S. upper-upscale, full-service hotels from 2006 through 2008. The average hotel size in this sample is 462 rooms.
