HotStats Releases U.S. Annual Hotel Performance Tracker 2019
HotStats, the global leader in monthly profitability data benchmarking for the hotel industry, has released findings of U.S. hotel performance for 2018, in its "Profit Matters: U.S. Annual Report Performance Tracker."
According to the published report, the U.S. as a whole performed positively in 2018, in both top- and bottom-line measures. Profit growth, or GOPPAR, was up 3.4 percent year-over-year, bolstered by gains in TRevPAR (up 2.9 percent YOY) and a muted increase in total payroll growth.
"Despite some challenges, hoteliers in 2018 did an admirable job on both the revenue and expense side, which showed up positively in the bottom line," said Pablo Alonso, CEO of HotStats. "In order to continue the momentum in 2019, hoteliers will need to be cost conscious and revenue focused in order to maximize flow through."
Subsequent to the U.S. annual report, HotStats will unveil yearly findings for Europe and the Middle East and North Africa.
HotStats provides a unique profit-and-loss benchmarking service to hoteliers from across the globe that enables monthly comparison of hotels' performance against competitors. It is distinguished by the fact that it maintains in excess of 500 key performance metrics covering 70 areas of hotel revenue, cost, profit and statistics, providing far deeper insight into the hotel operation than any other tool. The HotStats database totals millions of hotel rooms worldwide. For more information, visit www.hotstats.com.