The article explains how rushing into design and construction without proper concept development leads to underperforming assets requiring expensive corrections post-opening.
HotStats CEO explains why revenue growth doesn't always translate to stronger margins due to rising costs and evolving guest expectations.
Michael Grove will analyze the gap between hotel revenue growth and profit margins using global data, sharing strategies to optimize both metrics.
National occupancy held steady at 62.8% while ADR and RevPAR both declined 0.2%, with San Francisco leading gains and New Orleans posting steepest drops.
Only three EMEA destinations saw RevPAR and GOPPAR declines, with Eastern and Southern Europe leading regional growth despite rising construction costs.
CoStar data shows Milan averaged 83.4% occupancy during the Winter Olympics, with luxury properties posting RevPAR gains of 321.9% year over year.
Bengaluru led with 15-17% ARR growth while Chandigarh posted highest occupancy gains of 7-9 percentage points.
STR forecasts 1.1% European RevPAR growth for 2026, driven by Milan Olympics and Paris luxury demand, while Asia Pacific expects 3.6% growth.