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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
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Tag: Consumer Behavior

3Q24 Hospitality Dashboard

Our hotelAVE Hospitality Dashboard 3Q24 is now available! Q324 Total RevPAR finished up 3% versus Q323, however GOP margins were down 3% or 100 bps. While topline growth was strong across most Top 25 markets, labor costs PAR increased 5% nationally. GOP margins will continue to be stressed by above inflationary growth in labor costs...
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Is Tourism open or closed? Your fault or their failure?

A big case of he said, she said: Tourism Industry Wobbles Is Recovery Doable? The elected and appointed men and women working in Washington, DC, spend most of their time pointing fingers at each other, creating mayhem, dissention, confusion and ultimately disasters, wrecking (perhaps destroying) the world economy. One of the biggest losers in this..
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